With Total Value Locked (TVL) of $820 million, the Floki meme currency just achieved a significant milestone. As a consequence, FLOKI has surpassed popular meme currencies like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepecoin (PEPE) in terms of total TVL.
FLOKI shines bright
The team disclosed that FLOKI has the largest total value of any meme currency on the market, with an all-time high (ATH) of $820 million. Keep in mind that TVL stands for the entire value of an asset that is staked or locked in a certain protocol. A project is deemed more viable and successful if its TVL value is higher than its counterpart.
Floki Staking and FlokiFi Locker helped FLOKI reach its $820 million TVL. Over $700 million of the former and over $120 million of the latter are accounted for.
https://x.com/RealFlokiInu/status/1795439476451270703
With this remarkable achievement, it can be inferred that a large number of investors are drawn to FLOKI and are swarming the ecosystem. If this trend keeps up, Floki will soon realise its goal of being the most well-known and widely utilised cryptocurrency worldwide.
The price of FLOKI has risen by 4.3% to $0.000298 over the past day. In addition, the market capitalization and trading volume climbed by 4.8% and 40%, respectively, to $2.8 billion and $1.3 billion.
Recent developments in Floki ecosystem
The team announced that Floki Staking Launchpad v2.0 is now available to users, after the announcement of Floki’s recent accomplishment. Every user that registers within the next 48 hours, according to Floki, has the opportunity to receive a 3.5 times APR staking multiplier incentive.
This is happening just one day after Floki declared the opening of their own trading bot. According to the site, 50% of all revenues made by the bot will be used to programmatically purchase and burn FLOKI in order to increase its usefulness.
