Liqwid Labs Announces That Its TVL Has Surpassed $10 Million
- The Liqwid Labs development team will now aim to reach $100 million in TVL.
- LQ is currently trading hands at $3.74 after a 13.02% drop in price.
This morning, Liqwid Labs took to Twitter to share some news about the project’s Total Value Locked (TVL). According to the post, Liqwid Labs has surpassed $10 million in TVL, and now has the highest increase of all Cardano protocols.
The Liqwid team concluded the post by thanking their community for their support. The team also stated that the development team now has their eye on pushing the project’s TVL to $100 million and beyond.
Despite this announcement made by the Liqwid team, Liqwid Finance (LQ) is still one of the cryptocurrencies trading in the red today. According to the crypto market tracking website, CoinMarketCap, LQ is currently trading hands at $3.74 after a 13.02% drop in price over the last 24 hours. The crypto also reached a high of $4.37 and a low of $3.58 over the same time period.
LQ weakened against Bitcoin (BTC) and Ethereum (ETH) by 12.31% and 11.10% respectively during this time. Things are not looking much better when it comes to LQ’s weekly performance. At the moment, LQ is down by more than 50% over the last seven days.
LQ’s 24-hour trading volume is currently in the red zone and now stands at $404,377 after a more than 37% decrease since yesterday. Its market cap of $1,363,647 means that LQ is currently ranked as the 2991st biggest crypto in terms of market capitalization. This places the crypto right behind Unipilot (PILOT) and in front of OctaSpace (OCTA).
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