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Moons Total Value Locked explodes and heads towards 1M on Camelot DEX just days after launching on Arbitrum One.

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by COINS NEWS 91 Views

Moons Total Value Locked explodes and heads towards 1M on Camelot DEX just days after launching on Arbitrum One.

Moon Total Value Locked (TVL) has absolutely exploded on Arbitrum One. Just a few days ago the Celer Bridge opened which allowed fast bridging between One and Nova. Since then ARB One liquidity has ballooned and we are now at $851K TVL for Moon/ETH on Camelot DEX.

https://app.camelot.exchange/pools/0x5e27A422ec06A57567a843FD65A1BBB06aC19FC0

Back when we were trying to build liquidity on SushiSwap the highest we ever got was $990K before Reddit Sunset their Involvement in the project and our TVL never recovered. That means in just a few days since launching on One we are approaching a new TVL high for a single pool and soon might pass $1M in a single pool (for the first time ever).

Our current defi TVL for Moons is as follows:

  • $851K Camelot (Arbitrum One)
  • $262K Sushiswap (Arbitrum Nova)
  • $221K Rcpswap (Arbitrum Nova)

That means our total TVL across all defi pools is at $1.335M. Moons have never comfortably been over $1M TVL. That means we hit a new high for total TVL on all Defi pools.

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For Comparison we were always #1 or #2 for TVL on Sushi because Nova is such an obscure chain. On Arbitrum One for all V3 Camelot pools we currently sit at #27, so we potentially still have a lot of room for our pool to grow. (especially since we almost hit $1M in 3 days)

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If anyone is looking to buy/sell Moons on a defi pool they should be looking at Camelot (Arbitrum One) as that pool should have the least total slippage.

submitted by /u/GabeSter
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