Key Points:

• Taiko TVL growth hits record $81M, driven by Panko Finance and Avalon.
• Taiko network records 5M daily transactions amid surging TVL growth.

Taiko TVL Growth surges by 1,000%, reaching a record $81M, driven by the strong DEX Panko Finance and Avalon Finance performance, with daily transactions hitting 5M.

Taiko TVL Growth Reaches Record Levels Amid High Demand

The Ethereum Layer 2 network Taiko has seen its total value locked (TVL) skyrocket by over 1,000% in the past month, reaching a record $81 million. This impressive growth is bolstered by increased usage of native protocols like DEX Panko Finance and lending platform Avalon Finance, which have each surpassed $30 million in TVL. This surge reflects rising investor interest in decentralized finance on Layer 2 solutions, according to DeFiLlama.

Taiko’s daily transaction volume reached an all-time high of 5 million on November 4, marking another milestone for the network. This activity underscores the growing adoption of Taiko’s infrastructure, as more users turn to Layer 2 solutions for cost-effective and scalable transactions. The rapid growth of Taiko highlights the potential of Layer 2 networks to address Ethereum’s scalability issues while attracting significant capital.

Read more: Ethereum Layer 2 Taiko Permissionless Sequencing and Proving Launched

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Author

William

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News

Taiko TVL Growth Reaches Record $81M With 1000% Monthly Surge

Key Points:

• Taiko TVL growth hits record $81M, driven by Panko Finance and Avalon.
• Taiko network records 5M daily transactions amid surging TVL growth.

Taiko TVL Growth surges by 1,000%, reaching a record $81M, driven by the strong DEX Panko Finance and Avalon Finance performance, with daily transactions hitting 5M.

Taiko TVL Growth Reaches Record Levels Amid High Demand

The Ethereum Layer 2 network Taiko has seen its total value locked (TVL) skyrocket by over 1,000% in the past month, reaching a record $81 million. This impressive growth is bolstered by increased usage of native protocols like DEX Panko Finance and lending platform Avalon Finance, which have each surpassed $30 million in TVL. This surge reflects rising investor interest in decentralized finance on Layer 2 solutions, according to DeFiLlama.

Taiko’s daily transaction volume reached an all-time high of 5 million on November 4, marking another milestone for the network. This activity underscores the growing adoption of Taiko’s infrastructure, as more users turn to Layer 2 solutions for cost-effective and scalable transactions. The rapid growth of Taiko highlights the potential of Layer 2 networks to address Ethereum’s scalability issues while attracting significant capital.

Read more: Ethereum Layer 2 Taiko Permissionless Sequencing and Proving Launched

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

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