🐋 On-chain TVL tracking:
Monad’s DeFi TVL increased by about $213 million over the past 24 hours, up 27.05% to $999 million.
A large part of the competition between public blockchains comes down to TVL, so seeing this figure rise is a good sign. But it’s worth looking closer: was it driven by many addresses depositing over time, a few whales moving funds in, or rising prices of on-chain assets? Large, one-off deposits can come in quickly and leave just as fast.
Holders of $MON may want to keep an eye on TVL trends over the coming period.
This view may not be correct. You are responsible for your own gains and losses.
Monad’s DeFi TVL increased by about $213 million over the past 24 hours, up 27.05% to $999 million.
A large part of the competition between public blockchains comes down to TVL, so seeing this figure rise is a good sign. But it’s worth looking closer: was it driven by many addresses depositing over time, a few whales moving funds in, or rising prices of on-chain assets? Large, one-off deposits can come in quickly and leave just as fast.
Holders of $MON may want to keep an eye on TVL trends over the coming period.
This view may not be correct. You are responsible for your own gains and losses.