Here’s why DinoSwap’s (DINO) TVL rose above $330M a week after launch

Decentralized finance (DeFi) remains one of the fastest-growing subsectors of the cryptocurrency ecosystem and newly launched platforms looking to grow their userbase and attract liquidity typically offer high-interest staking pools for the first few weeks after launching.

One new project that has steadily gained traction in terms of user growth and total value locked (TVL) since farming went live is DinoSwap (DINO), a Polygon network-based cross-chain protocol that rivals the likes of PancakeSwap and other automated market makers.

DINO/USD 1-hour chart. Source: CoinGecko
DinoSwap total value locked. Source: Defi Llama