<\/p>\n
Cross-chain liquidity layer Yei Finance launched its CLO token on Sei and BNB Smart Chain today.<\/p>\n
CLO is up 245%<\/a> since this morning, surging from a $17.5 million market capitalization to $61 million in a matter of hours. Roughly 13% of the token supply is currently circulating, and CLO trades at a $475 million fully diluted valuation (FDV).<\/p>\n Yei is the largest decentralized finance (DeFi) protocol on Sei with $229 million<\/a> in total value locked (TVL), accounting for just over 47% of the ecosystem\u2019s DeFi liquidity.<\/p>\n The protocol\u2019s lending layer, Yei Lend, maintains nearly all of this liquidity with $227 million in TVL. Despite being the chain\u2019s largest lending protocol, however, Yei Swap falls short of other Sei DEXs<\/a> in terms of total volume, with ecosystem leader Sailor processing $124 million in spot volume over the last week compared to Yei Swap\u2019s $16 million.<\/p>\n While Sei\u2019s ecosystem has been growing, with TVL and activity hitting all-time highs<\/a> this summer, the SEI token itself has struggled. SEI is down 80%<\/a> from its $1.14 all-time high set in March 2024, and currently changes hands at just $0.22, or a $2.2 billion FDV.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Cross-chain liquidity layer Yei Finance launched its CLO token on Sei and BNB Smart Chain today. CLO is up 245% since this morning, surging from a $17.5 million market capitalization to $61 million in a matter of hours. Roughly 13% of the token supply is currently circulating, and CLO trades at a $475 million fully […]<\/p>\n","protected":false},"author":2,"featured_media":408105,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-408104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/408104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=408104"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/408104\/revisions"}],"predecessor-version":[{"id":408106,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/408104\/revisions\/408106"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/408105"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=408104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=408104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=408104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}