FlokiFi Locker Reaches New All-Time High

FlokiFi Locker surpassed $9 million in Total Volume Locked (TVL), doubling its total assets locked in under four days.

Floki has been making headlines with a pending DAO proposal set to implement a major token burn. Users are clearly flocking to the FlokiFi Locker to lock up and secure assets in preparation for the burn. The protocol is attracting investment as it increased from $4.04M on January 26, according to DefiLlama. That’s a 127% increase!

Floki has also been on the radar of some major centralized exchanges. The token pushed up the trending charts on CoinMarkerCap Community on January 28-29, garnering almost as much attention as bitcoin. There are also rumors that Binance is buying up Floki tokens after the two partnered for the payment service of the Floki merch store.

The TVL on FlokiFi has since returned back to under $9M, sitting at $8.7M. With an average lock of around $8k, users are bringing in large sums to the protocol. The vast majority of FlokiFi investments are on Ethereum, where there is over $6 million TVL.

What is Floki:

Floki Inu began with a tweet from Elon Musk. When the billionaire announced he would name his Shiba Inu puppy Floki, it created a deluge of ‘Floki’ dogcoins. The most successful of these is Floki Inu. Floki Inu is currently the third most popular meme token on the market, behind Dogecoin and Shiba Inu. It is backed by a community of committed enthusiasts and a strong marketing campaign.

Where to find Floki:

Website | Twitter | Telegram | Discord