One Ethereum Rival Eyes Major Breakout After Gaining $1,200,000,000 in Total Value Locked: Delphi Digital

One Ethereum Rival Eyes Major Breakout After Gaining $1,200,000,000 in Total Value Locked: Delphi Digital


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.

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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

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