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Elrond joins the DeFi league, but might it be another trend event
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The DeFi space has been expanding of late, with the sector continuing to draw in more networks, assets, and investors. The latest participant in the same is Elrond. In just 24 hours, the network managed to perform extraordinarily on all fronts.
The only concern that remains, however, is this – Is this a hype effect or will the growth remain organic?
The network launched its Maiar DEX recently as it stepped into the DeFi space. In doing so, it amassed $200 million in total value locked (TVL) in just one day, as per developers. Worth noting, however, that the DeFi stats showed that the TVL was still just around $130 million.
Maiar DEX fuelled Elrond TVL | Source: DeFi Llama – AMBCrypto
At the Token Generation Event over 1 million MEX, its
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