NEOPIN

<h3 id="strong-key-takeaways-strong"><strong>Key Takeaways</strong></h3><ul><li>In just one month, NEOPIN’s TVL surged by over $10 million, jumping from $23.55 million to $35.29 million, driven solely by Ethereum-compatible assets.</li><li>This remarkable growth was propelled by the strategic initiative to launch new products tailored for the Project Dragon, Klaytn and Finschia merger ecosystem.</li><li>NEOPIN aims to solidify its position as the premier DApp within the Project Dragon ecosystem by the first half of the year.</li></ul><p>NEOPIN, a decentralized finance platform, announced that its strategy of integrating with Klaytn and Finschia’s ecosystem had seen early success. As a result, the Total Value Locked (TVL) of Ethereum-compatible assets in NEOPIN’s DeFi protocol surged by $11.7 million in a single month. TVL, which stands for Total Value Locked, is the total amount of virtual assets deposited. It’s a crucial metric used to assess the scale and growth potential of blockchain services.</p><p>According to data from DefiLlama, a prominent global ranking site for DeFi protocols, NEOPIN recorded a TVL of $23.55 million as of January 16th when the merger plan for the Klaytn and Finschia ecosystems was announced. Just a month later, on February 25th, NEOPIN’s TVL surged by over $10 million to reach $35.29 million.</p><p>The growth in TVL can be attributed to NEOPIN’s quick adoption of major updates aimed at boosting its leading DeFi ecosystem, ‘Project Dragon Token (PDT),’ Klaytn and Finschia merger ecosystem. Their swift introduction of related DeFi products has also played a significant role. Currently, NEOPIN is the only protocol across all blockchain services providing bridges that facilitate asset transfers between the Klaytn and Finschia networks.</p><p>The newly unveiled pair deposit product between KLAY and nFNSA (wrapped FNSA on Klaytn via the NEOPIN Finschia Bridge) has quickly caught the eye of the blockchain community. Within just 8 days of its release, the product’s TVL skyrocketed by over 9 times. This highlights NEOPIN’s DeFi product as the one with the most rapid TVL growth among those introduced. Furthermore, following the major updates in February, NEOPIN has been consistently achieving impressive results, such as securing the top position in Klaytn dApp based on transaction volume.</p><p><strong>Ethan Kim, CEO of NEOPIN</strong>, expressed, “NEOPINs vision, execution, and early success with PDT, the top DeFi protocol, are being well-received not only in Korea but also in Asian markets such as Greater China.” He added, “We’ll swiftly unveil a range of services to lead the blockchain ecosystem and launch DeFi products related to Klaytn and Finschia with more vigor. Our goal is to firmly establish PDT as the top dApp by the first half of the year.”</p><h3 id="strong-about-neopin-strong"><strong>About NEOPIN</strong></h3><p>NEOPIN is a decentralized finance platform based on DeFi (decentralized finance), which enhances trust and stability.</p><p>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<a href="https://twitter.com/NeopinOfficial" rel="noopener noreferrer nofollow"> Twitter</a>.</p><h3 id="strong-x1f465-join-the-neopin-communities-strong"><strong>&#x1f465; Join the NEOPIN Communities</strong></h3><p><a href="https://onelink.to/5ynn8k" rel="noopener noreferrer nofollow">App</a> | <a href="https://neopin.io/" rel="noopener noreferrer nofollow">Web</a> | <a href="https://twitter.com/NeopinOfficial" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://medium.com/neopin-official" rel="noopener noreferrer nofollow">Medium</a> | <a href="https://discord.gg/neopinofficial" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://t.me/neopin_announcements" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://zealy.io/c/neopin" rel="noopener noreferrer nofollow">Zealy</a></p>

NEOPIN's TVL Surges Beyond $10 Million in a Single Month

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NEOPIN

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