Data: Gains Network’s total lockup is $51 million
According to reports, according to data from Defellama, up to now, the total lockup volume of Gains Network is $51.06 million, including $34.84 million on Arbitrum and $16.23 million on Polygon, with a growth rate of 11.33% in the latest month.
Interpretation of this information:
The message states that Gains Network has a total lockup volume of $51.06 million, as reported by Defellama data. The breakdown is $34.84 million on Arbitrum and $16.23 million on Polygon, which are both popular layer two scaling solutions for Ethereum. Furthermore, there has been an 11.33% growth rate in the past month.
It is important to note that lockup volume refers to the amount of cryptocurrency that users have staked or locked up in smart contracts within Gains Network. This indicates that there is a certain level of trust from users towards the platform, as they are willing to lock up their assets in exchange for potential rewards.
The fact that Gains Network is present on multiple layer two scaling solutions also highlights the flexibility of the platform. This allows users to choose their preferred scaling solution depending on their needs and preferences, which ultimately contributes to a better user experience.
Overall, the growth rate of 11.33% in the past month also indicates that Gains Network is gaining popularity and likely attracting new users. This could be attributed to the platform’s unique features such as its decentralized prediction markets and yield farming opportunities, as well as its compatibility with popular scaling solutions.
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