This morning, Liqwid Labs took to Twitter to share some news about the project’s Total Value Locked (TVL). According to the post, Liqwid Labs has surpassed $10 million in TVL, and now has the highest increase of all Cardano protocols.
Liqwid Labs TVL (Source: Liqwid Labs)
The Liqwid team concluded the post by thanking their community for their support. The team also stated that the development team now has their eye on pushing the project’s TVL to $100 million and beyond.
LQ price (Source: CoinMarketCap)
Despite this announcement made by the Liqwid team, Liqwid Finance (LQ) is still one of the cryptocurrencies trading in the red today. According to the crypto market tracking website, CoinMarketCap, LQ is currently trading hands at $3.74 after a 13.02% drop in price over the last 24 hours. The crypto also reached a high of $4.37 and a low of $3.58 over the same time period.
LQ weakened against Bitcoin (BTC) and Ethereum (ETH) by 12.31% and 11.10% respectively during this time. Things are not looking much better when it comes to LQ’s weekly performance. At the moment, LQ is down by more than 50% over the last seven days.
LQ’s 24-hour trading volume is currently in the red zone and now stands at $404,377 after a more than 37% decrease since yesterday. Its market cap of $1,363,647 means that LQ is currently ranked as the 2991st biggest crypto in terms of market capitalization. This places the crypto right behind Unipilot (PILOT) and in front of OctaSpace (OCTA).
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
The post Liqwid Labs Announces That Its TVL Has Surpassed $10 Million appeared first on Coin Edition.
See original on CoinEdition
Source: Cryptocurrency - investing.com
