Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The Floki meme coin recently hit a major milestone, with Total Value Locked (TVL) reaching $820 million. As a result, top meme coins like Dogecoin (DOGE), Shiba Inu (SHIB) and Pepecoin (PEPE) are now far behind FLOKI with respect to their total TVL.
FLOKI shines bright
As revealed by the team, FLOKI's $820 million TVL represents an all-time high (ATH) and the highest of any meme coin in the industry. Note that TVL represents the total value of an asset locked or staked in a particular protocol. A project with a higher TVL value is considered to be more successful and viable than one with a lower value.
Gamza KhanzadaevFor FLOKI, the $820 million TVL was achieved from Floki Staking and FlokiFi Locker. The former accounts for over $700 million, while the latter is over $120 million.
With this impressive accomplishment, it can be deduced that a lot of investors find FLOKI interesting and are thus flocking into the ecosystem. If this move continues, it would only take a short time for Floki to achieve its vision of becoming the world's most known and most used cryptocurrency.
In the last 24 hours, the price of FLOKI has increased by 4.3% to $0.000298. The market cap and trading volume also increased by 4.8% and 40% to $2.8 billion and $1.3 billion, respectively.
Recent developments in Floki ecosystem
Following the announcement of Floki's recent achievement, the team said Floki Staking Launchpad v2.0 is now live for users. According to Floki, all users who register in the next 48 hours stand a chance of earning a 3.5 times APR staking multiplier bonus.
Alex DovbnyaThis comes only a day after Floki announced the launch of its own trading bot. The platform said 50% of all fees generated through the bot will programmatically buy and burn FLOKI to enhance its utility.
Alex Dovbnya
Vladislav Sopov
Dan Burgin