Arweave's AO platform is set to bridge 260 million dollars of stETH, with a TVL exceeding 200 million dollars
PANews reported on June 24th that according to Cryptoslate, AO, a hyper-parallel computing platform based on Arweave, has attracted $260 million in stETH funds through pre-bridging within less than ten days of its launch. This makes it the 28th largest decentralized finance (DeFi) platform in the past four days. Sam Williams, founder of Arweave and AO, stated on X (formerly Twitter) on June 22nd that AO's total value locked (TVL) has now reached $209.43 million, equal to Cardano's TVL and surpassing well-known blockchain projects such as zkSync, Fantom, Scroll, Algorand, Filecoin and ICP.
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