48 hours after Bitlayer’s first mining festival was launched, TVL exceeded 300 million US dollars
According to the official website of Bitlayer, the native layer-two network of Bitcoin, the total value locked (TVL) on the Bitlayer chain has exceeded 300 million US dollars, with the top three protocols in terms of TVL being Avalon, Pell, and bitSmiley. Currently, the Mining Gala event, jointly launched by Bitlayer and seven ecological projects including Lorenzo, Bitsmiley, Avalon, Bitcow, Pell, Enzo, and Bitparty, is underway and will continue until June 10th. The event will provide users with project token airdrops worth more than 24.35 million US dollars, and most tokens are expected to complete TGE within 1-2 months. Currently, users can participate in the event by logging into the official event page and People's Launchpad event page and completing on-chain interactive tasks set up by the projects, such as adding liquidity, creating transactions, depositing and borrowing assets, etc., to receive related project token airdrops. After completing the tasks on the official event page and sharing the event link, users can also mint exclusive badges for Bitlayer Mining Gala mining pioneers, which can be exchanged for Bitlayer ecological rights in the future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
El Salvador Announces New Bitcoin Step Despite IMF Warning
Bitcoin country El Salvador has taken a new step for BTC despite the stern warning and new agreement from the IMF.
Tether (USDT) Shares Its Profit Generated in 2024
Tether (USDT), the world's largest stablecoin issuer, shared the amount of profit it made in 2024.
New Proposal from Bitcoin Hater Peter Schiff: “Let’s Create a New Altcoin Reserves Instead of BTC Reserves”
Peter Schiff, known for his intense criticism of cryptocurrencies, opposed the strategic Bitcoin reserve proposal.
Institutions to Shift Toward Altcoins by 2025, Says Bitwise CIO