Amply Finance on Cronos zkEVM Soars 300%, TVL Breaks $20 Million

Amply Finance is a lending protocol based on the Cronos zkEVM chain, which has performed strongly since its launch in September. Its total value locked (TVL) grew by 300% in just a few days, reaching a record $20 million on November 11, making it the largest decentralized application (dApp) on the recently launched second-layer network.

Key Data:

TVL Growth: Since November 6, Amply's TVL has nearly doubled to $9.2 million. At this time, Amply also launched its native token AMPLY, allowing users to exchange the old token preAMP for the new token and providing staking rewards, further stimulating capital inflow. Capital Inflow: On November 9, Amply's capital inflow reached a historic high of $5.3 million. Major Deposit Tokens: vETH (ETH staked through Veno Finance), ETH, VUSD (Veno's stablecoin), USDC, CRO (the native token of the Cronos chain), and WZKCRO (the CRO token bridged to the zkEVM network).

Competition and Collaboration:

Amply Finance has become one of the largest DeFi applications on Cronos zkEVM, competing with leading decentralized exchanges (DEX) like H2 Finance. Additionally, Amply's success has added significant momentum to the TVL of Cronos zkEVM, doubling its TVL to $42 million. Other dApps such as Veno Finance, Fulcrom Perps, and MicroSwap have also performed well.

Market Sentiment:

Amply's rapid growth is benefiting from the overall recovery trend in the DeFi market. Over the past week, the total TVL of DeFi has increased by over $20 billion, driving the rapid development of platforms like Amply.

This wave of growth not only reflects Amply's own appeal but also indicates the strong momentum of the Cronos zkEVM chain as a second-layer network, signaling the potential for more innovative DeFi applications to emerge in the future. #tvl #BTC挑战8W2大关 #币圈新机遇 #币安学习并赚钱 #币安新币矿池 $BTC $DOGE $BNB