- The Floki meme coin recently hit a major milestone, with Total Value Locked (TVL) reaching $820 million.
- Top meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepecoin (PEPE) are now far behind FLOKI in terms of their total TVL.
- FLOKI’s $820 million TVL represents an all-time high (ATH) and the highest of any meme coin in the industry.
Discover how Floki’s recent achievements are setting new benchmarks in the meme coin market, leaving competitors like Dogecoin and Shiba Inu in the dust.
FLOKI Shines Bright
As reported 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.
Breakdown of FLOKI’s TVL
For 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. This impressive accomplishment indicates that a lot of investors find FLOKI interesting and are thus flocking into the ecosystem. If this trend 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.
Introduction of Trading Bot
This 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. This strategic move aims to increase the token’s value and utility, making it more attractive to investors and users alike.
Conclusion
In summary, FLOKI’s recent achievements in TVL and its proactive steps in launching new features like the staking launchpad and trading bot are setting new benchmarks in the meme coin market. These developments not only highlight FLOKI’s growing ecosystem but also its potential to become a leading cryptocurrency. Investors and crypto enthusiasts should keep an eye on FLOKI as it continues to innovate and expand its market presence.
