- Blur’s TVL spikes to an ATH of $162 million.
- While Blur’s TVL skyrockets, active addresses and new user counts declined.
In a recent update, Blur [BLUR] shared a remarkable achievement. Surprisingly, this new milestone didn’t originate from the NFT realm that the platform was renowned for but instead emerged from an entirely unexpected source.
Blur records all-time high TVL
In a recent Blur update, the platform showcased its latest accomplishment by reaching a significant milestone in Total Value Locked (TVL). The post revealed that it had achieved an all-time high in TVL, marking a remarkable journey of progress.
Analyzing the TVL statistics from DefiLlama, it became apparent that after the launch of its token on 14 February, its TVL soared to approximately $124 million.
Subsequently, there were fluctuations in the TVL, but a positive trend emerged on 11 May, propelling it to new heights. As of this writing, the TVL stood at around $162 million, surpassing the previous all-time high of $160 million.
This accomplishment highlighted its entry into the Decentralized Finance fray.
Active addresses and new users drop after BLUR launch
While the Total Value Locked (TVL) reached all-time highs, there was a noticeable decline in the number of active addresses and new users on the
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Author: Suzuki Shillsalot
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