ON-CHAIN STATS/MATRICS (TVL, USERS, INTEGRATIONS, ETC.)
- Peak Total Value Locked (TVL): The protocol has a track record with a $400M peak TVL.
- Users: The platform has grown to approximately 200,000 users.
- Chains/Ecosystem: It currently operates across 8+ mainnet chains and is actively working on the xChain V2 upgrade to unify EVM and non-EVM chains.
KEY INTEGRATIONS:
- Chainlink CCIP: For secure cross-chain messaging.
- Wormhole NTT: For native, bridge-free token transfers across chains.
- Circle CCTP: For native stablecoin transfers.
- SubQuery: Used for transparency, providing real-time, verifiable data on protocol status and collateral ratios.
Funding: Backed by top investors, including Coinbase Ventures, Jump Crypto, ParaFi, and Borderless Capital.
DETAILS & SIGNIFICANCE OF THE UPCOMING TGE
Note: The Token Generation Event (TGE) for the $FOLKS token launched very recently (November 6, 2025).
- TGE Date: November 6, 2025.
- Token Name: $FOLKS (Native Governance and Utility Token).
- Max Supply: 50 Million $FOLKS tokens.
- Initial Supply: 12.7M tokens (25.4% of max supply) entered circulation at launch.
SIGNIFICANCE: - Full Decentralization: The TGE formally transitions the protocol to a decentralized governance model, allowing $FOLKS holders to steer its evolution.
- Liquidity & Visibility: Coincided with listings on major centralized exchanges (CEXs) like Binance (perpetual futures) and KuCoin (spot trading), dramatically increasing the token's market accessibility and speculative interest.
- Incentive Mechanism: The token underpins the protocol's incentive structure, giving holders a mechanism to earn tiered rewards like APY boosts or fee discounts for staking.
- Airdrop (Community Participation): A portion of the tokens (3.29% total) was allocated to an airdrop for early users and community members, with flexible claiming options (instant claim or linear unlock over 90 days)