Pulsechain Becomes Top 10 Blockchain: TVL Increases to $500 Million
By:C, FionaThe Pulsechain blockchain and its native DeFi swap PulseX went live on May 13, 2023. The native swap application PulseX allows users to exchange tokens on PulseChain for one another. So, in less than 10 days of its launch, PulseChain has been able to claim a spot in the top 10.
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PulseChain is Thriving
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 to witness a 37.52% increase in the number of funds locked on its platform. At press time, the TVL reflected a value of around $462.58 million.
Richard Heart recently took to Twitter to bring to light the rising interest over time pertaining to Pulsechain. As depicted below, the same has noted a steep incline of late, bringing to light the strong community interest.
On other protocols, like Ethereum, BSC, Arbitrum, Polygon, Avalanche, and Cronos, the TVL dropped from 0.48%-2%. Tron was the only exception along with PulseChain that managed to puncture the gloom and register a green figure. According to DeFiLlama’s numbers, the value of funds locked on Tron noted a 2% incline and reflected a value of $5.5 billion at press time.
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