News & Updates

Sovryn 30-Day Growth Surge

March 21, 2024
min read

A Data-Driven Look at Our Growth

Sovryn has shown significant growth in the past 30 days. TVL, Staked $SOV, Zero TVL, DLLR supply, stablecoin aggregation and more have all leaped in numbers in the past month. The data doesn't just track progress, it tells a story of ambition, strategy, and success. Sovryn’s latest statistics chart a course of exponential growth and expanded capabilities, signifying not just success but also a future rich with potential.

Strengthening the Backbone with Staked $SOV

At the heart of Sovryn's ecosystem, SOV staking exhibited a solid 10% growth. This represents our community's heightened confidence in the platform's vision. With 18,515,366 SOV staked, we fortify our backbone, and it's clear that our users are as invested in our future as we are in theirs.

Zero is consistently progressing

The Zero TVL's steady climb by 9% to $39,431,803 is a confirmation that the community was right in proposing to reignite it.

A 187% increase in the Zero Stability Pool to $358,576 echoes our commitment to providing a secure haven for investments. This substantial increase signals our users' confidence in Sovryn as a safeguard against volatility and recognition by depositors that they can earn from sudden market drops.


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DLLR & Stablecoin Supply

The DLLR supply's expansion by 27% to $4,856,128 ensures that liquidity is never a bottleneck. In addition, DLLR holders have increased by 26%. This growth is crucial for a DeFi platform, as it means that users' transactions are smooth and the ecosystem remains fluid and adaptable to their needs. DLLR adoption shows that users are increasingly appreciating a decentralized bitcoin-backed stablecoin.

With the integration of @babelfishmoney aggregated Ethereum and BSC stablecoins, we've noted a 52% growth to $1,131,668, ensuring that our users can move liquidity in and out of the major chains without interruptions.

A Leap in AMM and Lend TVL

Perhaps the most dramatic narrative is told by the AMM and Lend TVLs, which have swelled by 42% and 62% respectively to reach $20,511,457 and $5,590,424. This growth encapsulates the appeal of Sovryn's AMM and margin trading capabilities, drawing in users eager to participate in one of the most dynamic spaces within the Bitcoin DeFi sector.

An Aggregated Pulse in TVL

Our TVL soared to $70,739,893, marking a significant 20% increase. It's the aggregate pulse of the platform, capturing the cumulative trust and activity across Sovryn. This overall growth is a positive signpost pointing towards the platform's holistic development and success.

The Future—Integrating BitcoinOS

Amidst these soaring figures, BitcoinOS looms on the horizon as a revolutionary leap forward. This innovative layer will soon underpin our platform, igniting our growth and the potential for our users' earnings.

Sovryn is a thriving ecosystem ripe with opportunity. The data presented isn’t merely numbers and charts; it’s the pulse of a vibrant community poised for an even more prosperous future. As we continue to expand and innovate, we do so with the mission to empower and enrich each member of our community.

Stay Sovryn!


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