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- $FLOKI Achieves $756M TVL, surpassing major memecoins combined.
- In addition, $3.2M $FLOKI was burned in a week through strong demand.
- $FLOKI trends as the world’s most popular cryptocurrency.
In a remarkable surge, $FLOKI has once again shattered records, crossing an ecosystem Total Value Locked (TVL) milestone of $756 million. This achievement comes just two days after the crypto set a previous record of $658 million, showcasing its rapid growth and strong fundamentals.
$FLOKI CROSSES ECOSYSTEM TVL OF $756M—ANOTHER ALL-TIME HIGH#Floki has just surpassed a record TVL of $756M across two of its key ecosystem products, just 2 days after its prior record of $658M:
— $FLOKI (@RealFlokiInu) March 10, 2024
– Floki Staking: $611.3M
– FlokiFi Locker: $144.9M
This TVL not only exceeds the… pic.twitter.com/EM5TA4jEuP
What makes this accomplishment even more significant is that $FLOKI’s TVL now exceeds the combined TVL of major memecoins, including $PEPE, $WIF, $BONK, $DOGE, and $SHIB. This highlights $FLOKI’s unique position, leveraging both meme appeal and utility.
Adding to its recent token burn milestone, $FLOKI reports burning over $3.2 million worth of $FLOKI tokens additionally in the past week. This perpetual deflation is driven by robust utility demand, setting $FLOKI apart from other meme coins like $DOGE, $PEPE, $SHIB, $BONK, and $WIF.
The key contributors to these burns are the Floki Staking Program, with a 5-20% early unstake penalty fee, this program perpetually burns $FLOKI tokens when stakers choose to unstake early. In addition, the FlokiFi Locker DeFi Crypto Protocol, this protocol buys and burns $FLOKI tokens for every successful transaction on the Ethereum and Binance Smart Chain networks.
While $FLOKI proudly embraces its memecoin origins, the focus on strong utility and fundamentals sets it apart. This approach positions $FLOKI for dominance in the competitive cryptocurrency space, aligning with its goal of becoming the world’s most known and used cryptocurrency.
$FLOKI is trending on CoinMarketCap as the world's most popular cryptocurrency at the moment.#Floki is trending above $PEPE, $SHIB, $BTC, and $AR.@CoinMarketCap is the world's most visited crypto website, with over 340 million monthly visitors.
— $FLOKI (@RealFlokiInu) March 10, 2024
This is a VERY impressive… pic.twitter.com/jSSpbpHHBH
As momentum builds, $FLOKI is trending on CoinMarketCap, currently recognized as the world’s most popular cryptocurrency. Surpassing $PEPE, $SHIB, and $BTC in popularity on a platform with over 340 million monthly visitors, $FLOKI continues its impressive journey towards widespread recognition and adoption.