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. Fantom has gained $1.2B (+20%) in TVL over the past week.” The TVL of a DeFi protocol represents the total capital held within its smart contracts. TVL is calculated by multiplying the amount of collateral locked into the network by the current value of the assets. The Fantom Foundation also took to Twitter to celebrate …
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