According to Odaily, Sam Williams, the founder of Arweave and AO, announced that $260 million of stETH has been pre-bridged to the AO, an AI application computing protocol based on Arweave. This development has propelled AO to become the 28th largest DeFi protocol within the past four days.
Williams stated that AO's Total Value Locked (TVL) is now on par with Cardano, which stands at $209.43 million. This puts AO ahead of major blockchain projects such as zkSync, Fantom, Scroll, Algorand, Filecoin, and ICP.
AO is a new protocol built on Arweave's permanent data storage layer. It enables parallel application running through a decentralized computing model. Additionally, it allows AI applications to operate on-chain, enabling large language models to run within smart contracts.
