- FLOKI Achieves $756M TVL, surpassing major memecoins combined.
- In addition, $3.2M FLOKI was burned in a week through strong demand.
- FLOKI trends as the world’s most popular cryptocurrency.
In a remarkable surge, FLOKI has once again shattered records, crossing an ecosystem Total Value Locked (TVL) milestone of $756 million. This achievement comes just two days after the crypto set a previous record of $658 million, showcasing its rapid growth and strong fundamentals.
What makes this accomplishment even more significant is that FLOKI’s TVL now exceeds the combined TVL of major memecoins, including PEPE, WIF, BONK, DOGE, and SHIB. This highlights FLOKI’s unique position, leveraging both meme appeal and utility.
Adding to its recent token burn milestone, FLOKI reports burning over $3.2 million worth of FLOKI tokens additionally in the past week. This perpetual deflation is driven by robust utility demand, setting FLOKI apart from other meme coins like DOGE, PEPE, SHIB, BONK, and WIF.
The key contributors to these burns are the Floki Staking Program, with a 5-20% early unstake penalty fee, this program perpetually burns $FLOKI tokens when stakers choose to unstake early. In addition, the FlokiFi Locker DeFi Crypto Protocol, this protocol buys and burns FLOKI tokens for every successful transaction on the Ethereum and Binance Smart Chain networks.
While FLOKI proudly embraces its memecoin origins, the focus on strong utility and fundamentals sets it apart. This approach positions FLOKI for dominance in the competitive cryptocurrency space, aligning with its goal of becoming the world’s most known and used cryptocurrency.
As momentum builds, FLOKI is trending on CoinMarketCap, currently recognized as the world’s most popular cryptocurrency. Surpassing PEPE, SHIB, and BTC in popularity on a platform with over 340 million monthly visitors, FLOKI continues its impressive journey towards widespread recognition and adoption.
