why/How EOS will be the fastest growing chain by TVL this year?

in #steemit3 years ago

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With $EOS EVM already launched, a key metric to keep an eye on is "Total Value Locked" (TVL).

Once EVM is good to go, expect EOS to be the fastest-growing chain by TVL.

Right now, EOS has just $300M in TVL.

Expect this number to be in the BILLIONS in a few months...

How fast can $EOS grow its TVL?

Let's look at Avax as a comparable.

On August 15, 2021, Avax had just $250M in TVL (EOS is at $300M in TVL). Just 2 weeks later, Avax hit $2B in TVL. By December, Avax hit $13B in TVL.

This can happen VERY quickly.

What type of price action did Avax see during its meteoric rise in TVL (which I expect we'll see with $EOS this year)?

Avax went from $13 in August, to $48 by September and $130 in December.

So Avax did a 10x during this period of TVL growth.

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Feeling bullish on EOS yet...?

Why am I confident $EOS will have rapid growth in TVL?

EOS EVM is designed so that devs can fork a dApp to EOS with the click of a button.

Lots of token holders/liquidity waiting for opportunities to earn yield on their EOS, but not many yield-generating DeFi apps on EOS...Yet
The @EosNFoundation is sponsoring efforts to earn yield, and the EVM team is working on partnerships to bring dApps to $EOS EVM.

With lots of liquidity, there's an incentive for builders to come to EOS as well.

Imagine earning 25% APR on your EOS...Soon, it will be a reality.

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