Filecoin’s FVM traction accelerates as DeFi TVL soars to record

Filecoin’s FVM traction accelerates as DeFi TVL soars to record
фото показано с : invezz.com

2023-6-27 18:16

Filecoin Virtual Machine (FVM) is gaining traction among developers a few months after it was unveiled. In a statement, the developers noted that the ecosystem had seen its DeFi ecosystem and the number of smart contracts jump. 

The total value locked (TVL) in Filecoin’s ecosystem has grown rapidly and is now sitting at its all-time high of 4.65 million FIL. This TVL was almost zero a few months ago. The biggest contributors to this growth are STFIL, GLIF Pools Infinity, Filet Fiance, and SFT Protocol among others.

In dollar terms, Filecoin FVM, has a TVL of almost $20 million. While this pales in comparison to giants like Ethereum and Tron, it is a strong figure for a relatively new platform.

Filecoin has also made several integrations recently. It integrated with bridges like Axela, Celer, and more than 35 others. Like other blockchains, these integrations have been necessary for the ecosystem growth.

Other important metrics are the number of unique smart contracts interacting with the network are the 1,210 unique smart contracts and 91,000 wallets created. 

Filecoin Virtual Machine is a technology that makes it possible for developers to create dApps. It is compatible with Ethereum Virtual Machine (EVM). In a note, the developers said:

“FVM allows the Filecoin community to build discovery and reputation services on the Filecoin blockchain and increase the transparency of the network. Many of the Filecoin block explorers now augment their dashboards with data pulled directly from the Filecoin blockchain.”

Filecoin is one of the top blockchains in the world. It is disrupting the storage industry by making it possible for companies to store files in a decentralized manner. Earlier this year, as I wrote here, Filecoin introduced Filecoin Web Services (FWS), a product that has suites to help developers build high-performing computing solutions. FWS has some tools similar to those offered by Amazon Web Services (AWS) and Microsoft Azure.

The post Filecoin’s FVM traction accelerates as DeFi TVL soars to record appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Defi (DEFI) на Currencies.ru

$ 0.0182135 (-17.70%)
Объем 24H $1.165k
Изменеия 24h: 74.29 %, 7d: -97.27 %
Cегодня L: $0.0182135 - H: $0.0182135
Капитализация $0 Rank 3233
Доступно / Всего 0 DEFI

developers ecosystem filecoin defi traction fvm noted

Источник: invezz.com

developers ecosystem → Результатов: 126


Ethereum (ETH) to Introduce a New Staking Proposal, Sparklo (SPRK) Continues its Dominance in the Presale Space

After trading in bearish zones for the majority of June, the general crypto market is in a rally, with Ethereum (ETH) and Sparklo both enjoying success. In the Ethereum (ETH) ecosystem, its developers are proposing a new staking amount, which will increase the amount of Ethereum (ETH) a node can stake, and enhance the network’s […]

2023-6-24 23:09


Фото:

Avalanche (AVAX) Ecosystem Poised For An Explosion, Here’s Why

The Avalanche (AVAX) ecosystem is gaining increasing attention in the world of blockchain and decentralized finance (DeFi). Despite not being as well known as other chains, such as Ethereum or Binance Smart Chain, Avalanche’s unique consensus mechanism and interoperability with other chains make it a compelling option for developers and users alike.

2023-5-26 02:30


Фото:

Orbeon Protocol (ORBN), ADA, SOL Emerge Soundest Proof-of-Stake Cryptocurrencies

Despite the failure of certain crypto-friendly banks, ADA is gaining momentum with its founder taking on traditional banks’ reserve assets handling. Solana’s ecosystem is seeing adoption from developers and users, and Orbeon Protocol’s unique new approach stuns holders with gains of over 2093% in the 10th stage of the presale. Here’s what you need to […]

2023-3-20 17:24


Cartesi launches a community-driven program funding developers to help build and expand the Cartesi ecosystem.

Singapore, Singapore, 21st February, 2023, Chainwire Cartesi (an application-specific rollup execution layer with a Linux runtime) has launched its Community Grants Program for developers looking for support to get their ideas off the ground, and for Web3 enthusiasts interested in helping shape Cartesi’s developing ecosystem.

2023-2-21 17:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru