According to U.Today, the Floki meme coin has achieved a significant milestone, reaching a Total Value Locked (TVL) of $820 million. This accomplishment puts it ahead of other popular meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepecoin (PEPE) in terms of their total TVL. The team behind Floki revealed that this figure represents an all-time high and the highest TVL of any meme coin in the industry. TVL is a measure of the total value of an asset locked or staked in a specific protocol, with a higher TVL indicating a more successful and viable project.
The $820 million TVL for Floki was achieved through Floki Staking and FlokiFi Locker, with the former accounting for over $700 million and the latter for over $120 million. This achievement suggests that many investors find Floki appealing, leading to a surge in participation in its ecosystem. If this trend continues, Floki could soon realize its ambition of becoming the world's most recognized and widely used cryptocurrency. In the past 24 hours, the price of Floki has risen by 4.3% to $0.000298, with its market cap and trading volume also increasing by 4.8% and 40% to $2.8 billion and $1.3 billion, respectively.
Following the announcement of Floki's recent success, the team revealed that the Floki Staking Launchpad v2.0 is now live for users. Floki has stated that all users who register within the next 48 hours will have the opportunity to earn a 3.5 times APR staking multiplier bonus. This news comes just a day after Floki announced the launch of its own trading bot, with the platform stating that 50% of all fees generated through the bot will be used to programmatically purchase and burn Floki to enhance its utility.