The Layer 2 Ethereum network, Taiko, has experienced significant growth recently, with its Total Value Locked (TVL) reaching an all-time high of $81 million, a more than 1,000% increase. This growth has been driven by the popularity of Taiko's native decentralized exchange (DEX), Panko Finance, and lending platform Avalon Finance. Additionally, TaikoScan's data revealed a record daily transaction volume of 5 million on November 4, further demonstrating the network's increasing popularity. Since its mainnet launch in May 2024, Taiko has attracted over 1.2 million unique wallet addresses and integrated more than 100 decentralized apps (dApps). Financial support, including a $15 million Series A funding round, has also played a vital role in Taiko's growth and support for existing projects. The network has plans for token vesting, ensuring long-term objectives for investors and the team. Taiko's presence has expanded through deliberate listings, such as on Bitget's staking platform, leading to increased exposure and positioning Bitget as an important player in the Layer 2 ecosystem.
US Department of Justice Issues Statement on Bitfinex Hack That Stole Billions of Dollars of Bitcoin
Jito Labs records $78.9 million in monthly fees for October, doubling its previous record set in May