Token value shoots up 95% in a month
The total value locked in DeFi protocols on NEAR has skyrocketed these last few weeks as its finance dapps showed their resolve. TVL in NEAR increased 300% from $90 million on February 14 to more than $360 million at writing. At the same time, the value of the network’s native token has increased 95% in the last 30 days.
Summary
NEAR is a platform utilizing a developer-friendly, sharded, proof-of-stake public blockchain that aspires to make it easy for developers to build dapps. Dapps can provide users with easy-to-use applications capable of securing high-value assets like money and identity. The NEAR token, which allows this platform to run, also enables applications built on top of it to interact with each other.
Who’s winning on NEAR?
A stand-out performer on NEAR right now is Ref Finance, a community-led, multi-purpose DeFi platform that enables token and stablecoin swaps, farming, and liquidity provision. In the…
