David Edwards
FLOKI has made a significant move by teaming up with DWF Labs Liquid Markets, paving the way for institutional investors to dive into over-the-counter (OTC) trading of FLOKI on a grand scale. This strategic partnership positions FLOKI to tap into the growing interest from institutional circles, marking a pivotal moment in its journey to become a leading global cryptocurrency.
In addition to this major leap, FLOKI’s crypto locker protocol, FlokiFi Locker, has reached a new peak, boasting a Total Value Locked (TVL) of $148.8 million. This achievement not only sets a new record for the protocol but also eclipses the TVLs of prominent memecoins, highlighting the expanding trust and adoption within the FLOKI ecosystem.
FlokiFi Locker, by utilizing FLOKI as its core utility token, plays a vital role in the ecosystem. It allows for the locking of LP tokens, fungible tokens, and NFTs on both the ETH and BSC chains. Each lock transaction leads to the purchase and subsequent burning of $FLOKI, bolstering its utility and reinforcing its status as a deflationary asset. Furthermore, FLOKI maintains its strong trading presence, ranking as the 11th most traded cryptocurrency worldwide.
Disclaimer:
This blog is for educational purposes only. The information we offer is not investment advice. Please always do your own research before investing. Any opinions expressed in this article are not a recommendation that any particular cryptocurrency (or cryptocurrency token/asset/index), cryptocurrency portfolio, transaction, or investment strategy is appropriate for any particular individual.
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