L2Beat’s TVL sums the dollar value of tokens canonically bridged, externally bridged, and natively minted, while DeFiLlama, the other prominent source, only considers assets actively engaged in decentralized applications. Per DeFiLlama, Manta and Base are contesting for the ninth spot, each boasting a TVL of around $420 million.
Juiced USDS Yields Woo Solana Traders to Sky’s Stablecoin
The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month...