EOS Uses This Tactic And Reports Significant TVL Growth

Key Points:

• One metric used to judge the health of blockchain networks is the total value locked (TVL), or the amount of liquidity. By this metric, this year’s situation for the EOS network appears more positive.
• Further investigation revealed that it involves rewarding top dApps that increase the network’s TVL.

One metric used to judge the health of blockchain networks is the total value locked (TVL), or the amount of liquidity. By this metric, this year’s situation for the EOS network appears more positive.

The DeFi ecosystem on the EOS network has been growing and expanding, according to one of the most recent upgrades. What’s intriguing is that EOS is able to grow as a result of a plan called the Yield+ project.

Further investigation revealed that it involves rewarding top dApps that increase the network’s TVL.

The update suggests that the network is achieving healthy organic growth. An evaluation of EOS’ TVL on DeFiLlama confirms that it has indeed been on a positive trajectory from its bottom range in November.

Despite this, the TVL still has a long way to go before recovering to last year’s highs.

However, the TVL spike is good news for EOS investors since it demonstrates a change for the better in the network. It indicates that liquidity has been entering the ecosystem, and it may be a reflection of the change in market sentiment from bearish to positive.

When the TVL and market cap are compared, it becomes clear that the TVL changed direction weeks before the positive recovery began. Given this, it must be asked if the TVL change served as a reliable early warning indication.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

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