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According to the data provided, FlokiFi Locker’s TVL crossed the $100 million mark for the first time since its inception and rose to $107 million, reaching its maximum value. Floki believes that this impressive TVL rating underscores the confidence in the Floki brand that characterizes all of its recently launched products.
Interacting with cryptocurrency can be challenging for non-cryptocurrency users. On the other hand, power users want access to simplified products, especially when exploring the decentralized finance (DeFi) ecosystem. Floki launched FlokiFi Locker to simplify the process of storing tokens for all categories of users. While users can lock their liquidity pool (LP) tokens on FlokiFi Locker, the protocol also supports secure storage of non-fungible token (NFT) types of assets.
Aiming to reach more ecosystems and users, FlokiFi Locker supports a total of 14 chains and is tracked by two of the most famous crypto trackers in the Web3 world: DexTools and GeckoTerminal. For much of the year, Floki has thrived as it expanded its influence with the launch of TokenFi, a tokenization platform and staking offerings. Upon launch, TokenFi became an instant sensation, as evidenced by the way it attracted new users to the platform’s staking offering. FLOKI has also recorded a bullish price movement over the past few weeks, regaining its place among the 100 best capitalized assets.
Image: CoinMarketCap