[ad_1]
- Algorand’s TVL jumped 300% in a month, with Folks Finance driving DeFi growth.
- ALGO’s price maintains bullish momentum, supported by rising network activity.
Algorand [ALGO] has seen a remarkable increase in Total Value Locked (TVL) over the past month. Fueled by protocols like Folks Finance, this growth reflects a renewed interest in Algorand’s ecosystem.
Meanwhile, despite minor retracements, ALGO’s bullish price performance and rising network activity highlight sustained momentum.
DeFi driving the Algorand surge
Algorand has experienced an impressive surge in Total Value Locked (TVL), recording over 300% growth in the past 30 days, according to DeFiLlama.
On the 3rd of December, the blockchain’s TVL hit $244.74 million, its second-highest level in history.
However, at the time of writing, TVL has settled around $184.5 million, reflecting a slight retracement but mainta…
[ad_2]
