Crypto research firm Delphi Digital thinks a blockchain platform designed for decentralized finance (DeFi) could be the next major player among layer-1 scaling solutions.
In its Delphi Daily tweets offering updates and insights about the crypto space, the firm tells its 103,700 followers that Fantom (FTM) is defying an industry-wide downtrend by racking up an additional $1.2 billion in total value locked (TVL).
“While the TVLs across crypto have stagnated, @FantomFDN’s ecosystem has been vibrant.
Fantom has gained $1.2B (+20%) in TVL over the past week.”
Source: Delphi Digital/Twitter
The TVL of a DeFi protocol represents the total capital held within its smart contracts. TVL is