ON-CHAIN PERFORMANCE & GROWTH
Folks Finance has shown strong growth and stability, successfully transitioning from a single-chain leader to a multi-chain platform.
Metric | Performance / Status (Post-TGE) | Significance |
Peak Value Locked (TVL) | Reached a peak TVL of around $400M in its history (primarily on Algorand). Current TVL is actively growing on new chains. | High TVL indicates strong user trust and deep liquidity, essential for lending protocols. |
User Adoption | Approximately 200,000 users and 20,000 active wallets. | Demonstrates a wide-reaching, engaged community that is actively transacting. |
Ecosystem Integrations | Currently active on 8+ chains (including Algorand, Ethereum, Avalanche, Polygon, BNB Chain, etc.). | The vast chain support is the core of their "Cross-Chain Capital Layer" strategy. |
Cross-Chain Tech | Leverages Chainlink CCIP (secure messaging) and Wormhole NTT (native token transfers). | Using battle-tested, high-assurance interoperability layers reduces bridging risks and enables their seamless cross-chain experience. |
THE SIGNIFICANCE OF THE TGE
The Token Generation Event (TGE) for the native $FOLKS token occurred on November 6, 2025, and marks the protocol's move toward full decentralization.
Aspect | Details & Significance |
Token Utility | Governance: Used to vote on all future protocol upgrades. Utility: Staking $FOLKS grants tiered rewards, fee discounts, and premium features (e.g., advanced lending strategies). |
Distribution | Fixed Supply of 50 Million $FOLKS. Initial Circulation: 25.4% of the supply was unlocked at TGE. Community-Centric: 35% is allocated to the Community (airdrops, user incentives), with a large portion being airdropped to early users. |
Governance | The TGE formalizes the shift to a DAO structure, giving token holders the ultimate control over the protocol's treasury, risk parameters, and strategic direction. |
Market Impact | The launch was accompanied by immediate listings on major exchanges (like Binance and KuCoin), dramatically increasing liquidity, visibility, and accessibility for a global audience. |
