Floki recently announced that its DeFi crypto locker protocol, FlokiFi Locker, has hit a TVL ATH of $107 million.
The locker has over 2,000 wallets locked and is still counting. FlokiFi Locker, for the first time, has crossed the $100 million mark in TVL. The announcement was made on the official X/Twitter account of Floki.
FlokiFi Locker represents a cryptographic locker protocol utilizing FLOKI as its primary utility token. It also allows users to lock Liquidity Provider tokens, NFTs, and fungible tokens.
The network enhances the token’s utility with every successful lock transaction on the BSC and ETH chains bought and burnt $FLOKI. Floki aims to become a leading crypto locker worldwide, and the network is on its way to achieving that goal.
It has only been a few months since FlokiFi hit $9 million in TVL. The surge reportedly took place on January 29, 2023.
Since FlokiFi Locker announced the news, the FLOKI token has surged 3.49%. It is currently trading at $0.00003206, with a 6% hike in the past week. The token has reached a whopping surge of 237.47% in the past year.
Floki announced that a massive part of its success is because of its new products. For the major portion of the year, Floki has been expanding its influence across different sections. The network launched TokenFi, a tokenization platform, along with staking offerings.
TokenFi became an instant success as it steered new users to staking offerings. Floki has become one of the most popular names in the crypto industry, and its latest achievement is a testament to it. As the network has more updates planned, it is expected to rise in popularity frequently.