TVL reaches 1 billion in one month, what is the biggest Kronos broadcasting company?

Kronos Chain, launched by exchange arm Crypto.com, completed its main beta on November 8, and a month later on December 13, TVL hit $ 1.5 billion. What is that? Why does TVL have more than a billion victories in a month?

Cronos is an EVM channel that works seamlessly with the Crypto.org channel also developed by Crypto.com.This will result in a successful DeFi, NFT, and Metaspace ecosystem for the 10 million users of the Crypto.com ecosystem.

01

Chronos data performance

Cronos' TVL, starting at $ 4.8 million, increased in 35 days.3125%, an increase of US $ 1.5 billion.

Footprint analysis: Cronos TVL

The main objectives of Cronos are DEX and Yield, and more recently Cronos announced support such as CRO EVM funds to attract differentiated operations.

Footprint analysis: TVL by category

Cronos TVL is led by the DEX platform, with VVS Financial and CronaSwap in the top two. According to Footprint Flash, VVS Financial's TVL peaked at $ 1.12 billion on December 13.

Footprint analysis: DEX TVL Distribution

Footprint analysis: VVS Finance from TVL

CRO is the historical symbol of the Cronos platform.Prices rose to around US $ 0.95 in November, driven by strong economic ecosystems and aggressive protests. After peaking, the CRO fell to $ 0.52 on December 18.

Footprint analysis: CRO price

02

Why is Kronos growing so fast in such a short time?

a strong incentive plan

The Particle B blockchain accelerator provided Cronos with $ 100 million ecosystem finance services and created a CRO EVM fundraiser to help developers and partners.

Cronos are announced $ 500,000 to promote the developer to send their projects and the ideas of DEVI, web3 and events, deliver their ideas and ideas.

Advertising mode

Crypto.com is not efficient for the type of advertising and always completed the target announcement. In June, the first lighter-class was announced crypto.com is a long time. Crypto.com has begun to support more than 20 countries by marketing and supporting many most popular qualities. November, the Center Splips have been Crypto.com arena.

Developer friendly ecosystem

- Mix a mixture

Cronos is powered by Ethermint and supports rapid deployment of DApps and smart contracts on EVM-enabled chains.

- Scalability

Cronos can perform better than Ethereum, which makes it faster, cheaper, and more user-friendly.

concludes

Crypto.com has developed a comprehensive cryptocurrency platform that provides users with one-stop-shop services for sites and derivatives trading, centralized and decentralized finance, NFT, point-of-male intelligence (POS), gift contracts, etc.

So, backed by the investment portfolio of the famous Crypto.com exchange, Cronos has a strong first come and cool start quality. At the same time, ecosystem-friendly development and incentives contribute to the rapid development of ecosystem wealth.

Going forward, Cronos' ability to outperform the competition of public channel exchanges will depend on its ability to provide consumers and manufacturers with a better choice. Everyone is welcome to join the Footprint Analytics community, follow us and stay tuned for updates on our new channel.