PulseChain Becomes Top 10 Chain: TVL Inches To $500 Million
In the midst of the macro bearish conditions last year, the Total Value Locked [TVL] in DeFi dried up. Parallelly, the yields were also down to lows. As a result, the DeFi index price, showcasing the state of DeFi on Ethereum, also crashed. In 2023, however, the state of affairs started improving. Leaving aside the DeFi trend on Ethereum, there is no clear-cut trend with respect to the macro state of affairs. According to Crypto.com’s latest report, the DeFi market cap index was positive at +3.04% in the week extending from 10-16 May. However, the volume and volatility indices were negative at -10.58% and -29.99%, respectively. Source: Crypto.com Also Read: 2010’s $41 Bitcoin Pizzas Are Worth $267 Million Today PulseChain Thrives On the TVL front, most protocols had noted a minor influx on the weekly front. However, on the daily, 8/10 of them flashed red figures. PulseChain was one of the two exceptions. With just a single protocol, PulseX on board, PulseChain managed t...