📈 Top TVL gainers (Oct 27 - Nov 3) according to 0xScope:
1. Polygon Tetu +143.72%
2. Ethereum Maple Finance +44.57%
3. Ethereum Synapse +34.68% 💼💰 #BitcoinWorld #CryptoTVL 📊🚀🪙

📊 TVL growth rate by chain (Oct 27 - Nov 3) according to 0xScope:
- Ethereum +3.11% ($1.6 billion increase)
- Tron +7.93% ($590 million increase)
- Solana +30.30% ($250 million increase)
- Arbitrum +3.89% ($81.25 million increase)
- Avalanche +5.61% ($38.77 million increase)
- Optimism +3.46% ($26.05 million increase)
- Near +30.42% ($23.48 million increase)
- Gnosis +12.98% ($22.96 million increase)
- BNB Smart Chain +0.61% ($21.52 million increase)
- Sui +30% ($19.59 million increase) 📈💼 #BitcoinWorld #CryptoTVL 🚀🪙

"🔒💰 Liquid Staking Derivatives Growth: Data from Depirama highlights that the total value locked (TVL) in Liquid Staking Derivatives (LSD) protocols has surged past 11 million ETH ($18.64 billion). Leading the pack, LDO commands the highest TVL share at 74.43%, showcasing its dominance within the LSD landscape. As the crypto ecosystem evolves, innovative mechanisms like liquid staking derivatives gain traction. 📊🚀 #LSDProtocols #CryptoTVL #BitcoinWorld"

🚀 Major Layer 2 Projects: Total Value Locked (TVL) surpasses $16 billion, with Arbitrum One leading at $8.55 billion, followed by OP Mainnet, Base, zkSync Era, and dYdX. 🌐💰 #Layer2Solutions #CryptoTVL 📈

Ethereum is currently the king of crypto in TVL. 👑

Total Value Locked (TVL) refers to the total amount of cryptocurrency assets that are staked, lent, or locked into the smart contracts of decentralized finance (DeFi) protocols and applications on a blockchain network. 🔒

TVL is not the market cap of cryptocurrency. 🚫💰

TVL = total capital deposited (stake, locked, or lend) x price of the assets (not necessarily the native tokens). 📊

For example, if $50 million worth of ETH and $50 million worth of USDT are locked in an Ethereum DeFi lending protocol, the TVL would be $100 million. 💼

While Market cap is measured through
Market cap = the amount of coin or token that are circulating x price of the native tokens. 🔄

For example, if a coin has 100 million tokens in circulation at $10 per token, its market cap would be $1 billion. 🎯

Similar to market cap, TVL is commonly measured in US dollars, but other currencies may be used too. 💲

TVL has a function to measure the strength of the financial situation of a DeFi. 💪 DeFi requires capital to run its operations such as loan collateral or as liquidity in trading pools. 💧

The increase of TVL can mean that the liquidity on that blockchain is increasing where more capital is locked and investors might receive higher yields from the staking and vice versa. 🔼 This also means that investors become more confident towards the blockchain as more users are using the blockchain. 📈

There are several factors that might affect DeFi TVL:
Capital inflow and liquidity to the DeFi 💸User adoption to use the DeFi 👥Incentives in the form of rewards for staking, lending, and locking the coin or token 🎁Coin or token price and market situation 📉📈Whale activity in the DeFi 🐳DeFi upgrades, security, and hack situations. 🔐

Reference:
https://twitter.com/artemis__xyz/status/178067817731004441

#EthereumKing #CryptoTVL #DeFiGrowth #BlockchainLiquidity #StakeEarnYield

💰 Prisma Finance's mkUSD pool TVL surpasses $132 million as PRISMA governance token debuts on ETH mainnet. 🚀🔒 #BitcoinWorld #CryptoTVL 🌐📈

📈 Manta Pacific, a layer 2 network, records a Total Value Locked (TVL) exceeding $800 million, marking a 16.11% increase in the past week. With Binance planning a launch pool and listing for MANTA on January 18th at 19:00, interest in Manta Network continues to grow. 🚀💼 #MantaPacific #CryptoTVL 🌐📊

"𝐅𝐥𝐨𝐤𝐢'𝐬 𝐌𝐞𝐭𝐞𝐨𝐫𝐢𝐜 𝐑𝐢𝐬𝐞: 𝐔𝐧𝐥𝐨𝐜𝐤𝐢𝐧𝐠 $𝟖𝟐𝟎 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐕𝐚𝐥𝐮𝐞 𝐰𝐢𝐭𝐡 𝐅𝐥𝐨𝐤𝐢 𝐒𝐭𝐚𝐤𝐢𝐧𝐠 𝐚𝐧𝐝 𝐋𝐚𝐮𝐧𝐜𝐡𝐩𝐚𝐝 𝐯𝟐.𝟎"

Floki meme coin has hit an impressive $820 million in Total Value Locked (TVL), outpacing Dogecoin, Shiba Inu, and Pepecoin. This record-breaking TVL, driven by Floki Staking and FlokiFi Locker, signals peak investor interest. Recent gains in Floki’s price, market cap, and trading volume further highlight its rising popularity. With the launch of Floki Staking Launchpad v2.0, early users can enjoy a 3.5x APR staking bonus, boosting Floki's appeal even more.

𝐅𝐋𝐎𝐊𝐈
$0.00028600
+0.32%
#floki #memecoin #CryptoTVL
#FlokiStaking #FlokiFiLocker