Mode TVL Grows 70% in a Month � Cryptomode

Cryptomode_202427 May, 2024Business

Mode?s significant TVL growth can be attributed to several factors. Previously, we noted the surge of the Linea blockchain, which saw its TVL increase by 120% in one month. A key driver of this performance was the LayerBank crypto-lending protocol, which saw a staggering 4559% increase in TVL during this period. LayerBank is also operational on the Mode blockchain, contributing significantly to the project?s TVL. Currently, the project ranks as the second-highest protocol by TVL on Mode. At the time of writing, LayerBank?s TVL has grown by 1813% in a month.