The DeFi crypto locker protocol, FlokiFi Locker, has reached a TVL ATH of $107 million, according to a recent announcement by Floki. There are currently more than 2,000 locked wallets in the locker. For the first time, FlokiFi Locker’s TVL has surpassed $100 million. Floki’s official X/Twitter account made the announcement.
A cryptographic locker protocol called FlokiFi Locker uses FLOKI as its main utility coin. NFTs, fungible tokens, and liquidity provider tokens can all be locked by users. The network increases the token’s usefulness with each successful lock transaction on the BSC and ETH chains where $FLOKI is purchased and burned. Floki wants to be the top cryptocurrency locker globally, and the network is getting there.
Just a few months have passed since FlokiFi achieved $9 million in TVL. According to reports, the spike happened on January 29, 2023. The FLOKI token has increased by 3.49% since FlokiFi Locker made the announcement. Its current price is $0.00003206, up 6% from the previous week’s close. In the last year, the token has surged by an astounding 237.47%.
Floki declared that its innovative items have contributed significantly to company’s success. Over the majority of the year, Floki has been increasing its impact in many sectors. The network also introduced staking offers and the tokenization platform TokenFi.
TokenFi quickly gained popularity by directing new users to staking offerings. Floki’s most recent accomplishment indicates that it has grown to become one of the most well-known brands in the cryptocurrency space. The network is anticipated to gain popularity more often as further modifications are planned.