Latin America shows once again that it has potential for the development of the Cryptographic industry. On this occasion, Tropykus, a savings and loan platform of Latin origin, has positioned itself within the top 10 of DeFiLlama with more than 100% growth in its TVL in the last 30 days.
According to DeFiLlama On-chain data, On March 14, 2023, the platform exceeded one million dollars in Total Value Locked (total value locked), in addition, With this increase, it momentarily positioned itself as the third protocol with the highest growth in a week. Subsequently, this became the fourth protocol with the highest growth in just 30 days, and is currently part of the top 10 in this category registered by DeFiLlama, ranking seventh at the time of writing this note.
Loan Category Ranking – Source: DeFiLlama
Tropykus is mainly focused on the Latin American market, with a special presence in Argentina, El Salvador, Colombia and Venezuela.
Evolution of Tropykus TVL – Source: DeFiLlama
In this sense, from Cointelegraph we have spoken with Diego Mazo, co-founder of TRU Web3 & Tropykus, regarding this fact, he told us that “We are happy about this milestone because we see people’s interest in using more and more Tropykus, in February we got 1 million dollars in deposits and now we are at 1.7 million. The growth is being interesting. And we’ve given over $500,000 in loans so far. We think the numbers show positive signs, but we’re interested in seeing more of the impact people get from using Tropykus. A bear market is not easy because people are not that active in general, but in the end we provide a common financial solution for savings and loans, our users do not seek to speculate for the most part. It is about building a financial tool with real impact”.
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