🚀$SHIB vs. $FLOKI : Which Memecoin Has the Upper Hand in DeFi?🕵️♀️🕵️♀️🕵️♀️
🚀#BinanceAlphaAlert Shiba Inu’s Layer-2 chain Shibarium holds $748,254 in total value locked (TVL).🕵️♀️
👉Real-world asset tokenization is a global trend on which many blockchains have started capitalizing. The DeFi competition escalated this year, with Shiba Inu (SHIB) building its own blockchain, while Floki (FLOKI) made a strong entrance into the promising tokenized asset market.#CryptoRoundTableRemarks 🕵️♀️
Floki, the dog-themed memecoin named after Elon Musk’s pet, recently celebrated the two-year anniversary of its all-time high of $0.00033651, set on November 4, 2021.
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👉 Dropping 90% below this price, FLOKI increases its chances of full retracement with a brand-new decentralized staking product. TokenFi, produced by Floki’s developers, launched on October 27 on UniSwap and PancakeSwap. Despite dropping out of TOP by global market cap, FLOKI’s market dominance ratio remains strong at 0.0808.#meme板块关注热点 🕵️♀️
👉Meanwhile, SHIB enjoyed success following the Shibarium L2 release in August but later added a zero to its market price after the crypto bears took the wheel. Bitcoin ETF progress, Shiba Inu picked up on historically high BTC correlation soar double-digits but can’t reclaim a $1M TVL on Shibarium since September.#Binance 🕵️♀️
👉 Claiming an instant $100M surge in market capitalization, Floki’s new DeFi platform explores the interesting idea of tokenizing real-world assets (RWA), which enable users to trade real-world assets easily and are expected to unlock a multi-trillion dollar market soon, according to various financial analysts.
The staking rewards are airdropped in Floki’s sister token, TokenFi (TOKEN), which has a supply of 10 billion. The proportionate tokenomics of TOKEN split half of the supply between Ethereum $ETH and Binance Smart Chain (BSC), 🕵️♀️