Sygnum Bank Leads on zkSync Era with $50.5M TVL, Showing Strong Institutional Interest
The post Sygnum Bank Leads on zkSync Era with $50.5M TVL, Showing Strong Institutional Interest appeared on BitcoinEthereumNews.com.
zkSync Era has quickly become a popular platform for decentralized finance (DeFi), with several protocols locking significant liquidity. According to DefiLlama, Sygnum Bank leads the pack with $50.5 million in total value locked (TVL). This means that there is a significant institutional payload for the platform, which is evident from the following analysis. This proves that zkSync is increasingly becoming popular in the DeFi sector. This large number demonstrates that zkSync investors are trusted and the growing institutionalization of actors in the network. Top 10 Protocols on zkSync Era by Total Value Locked Let’s compare the top 10 DeFi-protocols on @zksync Era L2 by current TVL in USD, according to @DefiLlama, in order to evaluate networks adoption scale. With over $50.5M in TVL, @sygnumofficial is the leader by locked… pic.twitter.com/BgafyVr7vD — TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico) October 4, 2024 SyncSwap Secures $21M in Liquidity, Leading zkSync Era’s DeFi Protocols After Sygnum Bank, the next one is SyncSwap that has $21 million in TVL. This positions the Swap among the most used DeFi integrations in zkSync Era and that makes the platform suitable for decentralized trading. Venus Protocol, a decentralized money market, is in the third position with $9.83 million TVL. It is recognized for providing lending and borrowing services, and its excellent result on zkSync Era proves that such services are in great demand now. Another protocol from the same family is zkSWap with the TVL of $7.32 million. Once again, it has proved that zkSync is universal when it comes to DeFi applications. Maverick has also been active on the zkSync Era, with the TVL of $ 6.88 million. Its unique solution for decentralized trading has allowed it to establish itself as one of the most important parts of the network. Next up is PancakeSwap, one of the…
Filed under: News - @ October 4, 2024 10:20 pm