DeFi protocol Pencils Protocol TVL exceeded $400 million, and the number of active users on the chain exceeded 720,000, both setting new historical highs

According to TechFlow, on October 15, according to official news, the Scroll ecosystem DeFi protocol Pencils Protocol announced that the number of active users on its platform chain exceeded 720,000, and the TVL exceeded US$400 million, both of which set new historical records. In the revenue mining track, its total TVL ranked third in the entire network and ranked first in the Scroll ecosystem.

Pencils Protocol is a DeFi platform on Scroll, which has received investments from Web3 venture capital firms such as OKX Ventures, Animoca Brands, Galxe, and Taisu Ventures.