Amply Finance surges 300% on Cronos zkEVM, TVL surpasses $20 million

Amply Finance is a lending protocol based on the Cronos zkEVM chain that has performed strongly since its launch in September. Its total value locked (TVL) has increased 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, reaching $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 fund inflows. Fund inflow: On November 9, Amply's fund 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 (representing CRO tokens bridged to the zkEVM network).

Competition and cooperation:

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

Market sentiment:

Amply's rapid growth is attributed to the overall recovery trend in the DeFi market. In 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 the appeal of Amply itself but also indicates the strong momentum of the Cronos zkEVM chain as a second-layer network, suggesting that more innovative DeFi applications may 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