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Crypto intelligence tracker DefiLlama data shows that the Total Value Locked (TVL) of Stellar (XLM) recently hit $62 million. This milestone suggests that there is a significant amount of assets being staked or locked within the Stellar network, showing increased activity within the ecosystem. A more exciting development is the ChowWow ($CHOW) project whose presale is selling at just $0.008 per DeFi token but has raised over $181,000 in just stage one.
ChowWow has practical use cases and is built with its community in mind. The ongoing presale is increasingly attracting investors with its low minimum purchase requirements alongside exclusive rewards and airdrops. This article explains Stellar's TVL milestone and ChowWow’s early feat as it raises $181,000 amid surging interest.
DefiLlama data shows that XLM's TVL has been on the rise this February and recently hit $62 million. This increase in TVL indicates that more users deposit or utilize assets within XLM-based protocols, adding credence to its recent bullish outlook. XLM's DeFi token price has been retested, and support for its 200-day EMA has been found at $0.284.
Currently, Stellar price is recovering from earlier losses in the month and is trading close to $0.340. If XLM breaks decisively and closes above the parallel channel pattern around the $0.416 level, it could rally to test its technical target at $0.740.
Powering the ChowWow ecosystem is the $CHOW native token, which is selling at just $0.01 in stage one of its blockchain ICO. From the tokens' sales, ChowWow has raised over $181,000 in a short timeframe. This project continues to achieve increasing prominence and interest in the crypto space, with its community growing stronger.
ChowWow’s gaming kingdom features distinctive collectibles and alluring rewards for in-game achievements. $CHOW tokens are to be used for in-game purchases and also as a means of distributing gaming rewards to players. The meme coin also features a deflationary approach, with a buy-and-burn mechanism to help propel its price.
Through its staking protocol, users can boost their portfolios by earning between 8% and 15% APY by locking their tokens, which will be paid monthly. ChowWow is built on Solana's (SOL) network, known for its high throughput and low transaction costs. As such, ChowWow will benefit from Solana's scalability and Proof of Stake mechanism, allowing users to enjoy secure transactions at affordable rates.
Stellar's high TVL could likely lead to greater liquidity and stability for the network. Meanwhile, ChowWow is a fast-rising platform for investors looking to enjoy high returns and have already hit the $181,000 milestone in blockchain ICO funding. The project allocates 70% of its supply to the presale, gaming rewards, and staking and also follows a sustainable roadmap to keep the $CHOW token in high demand.
Now is the optimal time to join the ChowWow journey and maximize returns before the price rises in subsequent stages.
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