Blockchain News
Crypto.com Picks Top 5 Protocols
The Cronos chain, launched in November 2021, quickly gaining users and intense activity. It became the fifth largest Ethereum Virtual Machine (EVM) chain by April this year. As the first blockchain to interoperate with the Ethereum and Cosmos ecosystems, Total Value Locked (TVL) on the chain exceeded $3 Billion in less than six months - an astonishing growth rate.
The parent company backing the chain–Crypto.com recently released a list of five major Decentralized Finance (DeFi) projects responsible for driving interest and growth in the Cronos ecosystem, with the top three accounting for 80% of the TVL.
Let’s look at the top five projects on the Cronos chain by TVL as per data on DefiLlama:
VVS Finance: Leads the pack with a TVL of $733 million. Has long been the top decentralized exchange (DEX) on Cronos, offering popular DeFi services such as token swaps, liquidity mining, and staking, with an easy-to-use interface. More details on...
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