CandleFocus IOTA EVM Total Value Locked (TVL) Hits $20 Million in Fresh Milestone
2024-10-28
Author: Content Editor
IOTA has announced that the total value locked (TVL) on the IOTA EVM has reached $20 million. This growth, which represents a 4x increase in less than two months, highlights IOTA's rise as a preferred platform for decentralized finance (DeFi) applications. The scalability and compatibility with Solidity smart contracts offered by IOTA's innovative architecture have been key drivers of its success. The Tangle Treasury Grant Committee has also announced plans to reinvest digital assets into IOTA EVM DeFi protocols to support liquidity pools and lending activities. This growth in the IOTA DeFi EVM ecosystem is being jumpstarted by the IOTA EVM Liquidity Campaign.
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