NEOPIN Becomes Top Klaytn DeFi Protocol with Over 3x TVL Growth in Just 80 Days
Key Takeaways
- TVL experienced a remarkable growth, more than tripling from $20.97 million in January to $63.36 million in March, within a short span of 80 days.
- The launch of the RWA based product has successfully completed the transformation into an all-in-one DeFi platform.
- NEOPIN is committed to achieving its ambitious goals of becoming the leading DeFi platform in Asia within the year and breaking into the top ten global DeFi platforms within the next three years.
Decentralized finance platform NEOPIN announced that it had surpassed $60 million in TVL for Ethereum-compatible assets, according to DeFiLlama, the largest TVL aggregator for DeFi. This milestone has propelled NEOPIN to become the top Klaytn DeFi.
Following the Project Dragon (PDT)announcement in January, which is the merger of Klaytn and Finschia ecosystems, NEOPIN quickly introduced related DeFi products, successfully taking the lead in the merger ecosystem. In addition, NEOPIN has been upgraded to the next level as an all-in-one decentralized finance platform, with the introduction of multi DeFi products based on Real World Asset (RWA). NEOPIN has been rapidly expanding the support for various cryptocurrencies and products. NEOPIN’s Ethereum-compatible assets TVL tripled in just 80 days, soaring from $20.97 million on January 8th to $63.36 million by March 28th. NEOPIN’s consolidated TVL, including assets outside of those compatible with Ethereum, has surged past $190 million.
NEOPIN completed its first major update for PDT in February and is now progressing with its second update, aiming to diversify products with RWA and Ethereum. NEOPIN aims to tap into the future global RWA market, valued at $5 trillion, and plans to make its mark on the global Ethereum community at ETH Seoul 2024, where it will serve as a venue sponsor. NEOPIN aims to become the leading DeFi protocol in Asia by year’s end, by facilitating the smooth migration of digital assets between Klaytn and Finschia, thereby attracting a diverse user base and enhancing liquidity.
Ethan Kim, CEO of NEOPIN, stated, “As NEOPIN is the only DeFi platform currently servicing both Klaytn and Finschia, we are confident that NEOPIN, having risen to become the top DeFi protocol on Klaytn, is the closest contender for the title of ‘Top PDT DeFi’.” He added, “We plan to continue our current record-breaking growth trajectory to establish ourselves as the leading DeFi protocol in Asia by the end of the year and to place NEOPIN’s name among the ‘Top 10 Global DeFi Protocol’ within three years.”
About NEOPIN
NEOPIN is a decentralized finance platform based on DeFi (decentralized finance), which enhances trust and stability.
Since 2017, NEOPIN has been building blockchain expertise and technology by participating as a node validator operator for various global blockchains, including Ethereum, Tron, Cardano, Cosmos, Klaytn, and Finschia. Last year, it was selected as an innovative company by the Abu Dhabi Investment Office (ADIO) in the UAE for its regulatory compliance and expertise, becoming the first Korean blockchain company to receive direct and indirect investment, and is working with the Abu Dhabi Global Market (ADGM), a special financial zone in the UAE, to create the world’s first DeFi regulation through a public-private partnership. We have recently selected Real World Asset (RWA) tokenization and DeFi derivatives as future areas of ecosystem expansion, and are strengthening related technology research and DeFi product development. For more information, follow NEOPIN on Twitter.
