FOLKS (Folks Finance) rose 17.18% in the last 24 hours

Gate News Bot news, on December 01, according to CoinMarketCap, as of the time of writing, FOLKS (Folks Finance) is currently priced at 11.05 USD, with a pump of 17.18% in the last 24 hours, reaching a high of 11.56 USD and a low of 8.68 USD. The current market capitalization is approximately 135 million USD, an increase of 19.8 million USD compared to yesterday.

Folks Finance is a community-driven decentralized platform that provides permissionless DeFi tools for multiple networks. The platform offers a comprehensive suite of DeFi services including cross-chain lending, liquidity staking, loan cycling, and DEX routing. Folks Finance currently operates on multiple blockchains such as Algorand and Avalanche, aiming to provide users with a convenient cross-chain DeFi experience.

FOLKS recent important news:

1️⃣ Cross-chain Lending Market Launched Folks Finance officially launched its native cross-chain lending market, significantly expanding its DeFi service offerings. This innovative feature allows users to seamlessly conduct lending operations across different blockchain networks, greatly enhancing the platform's practicality and appeal.

2️⃣ New round of financing completed Folks Finance recently completed a new round of financing, achieving a valuation of 50 million USD. This round of financing will provide important support for the platform's technological development and market expansion, and is expected to further promote the rise and value enhancement of the FOLKS ecosystem.

3️⃣ Cross-Chain DeFi Tool Suite Expansion The platform continues to strengthen its cross-chain DeFi toolset, adding multiple features, including improved liquidity staking and optimized DEX routing. These upgrades aim to provide more comprehensive and efficient DeFi services, helping to attract more users and increase the platform's total locked value (TVL).

From a technical perspective, the price of FOLKS has broken through previous resistance levels, showing a strong rise in the short term. On the fundamental side, continuous product innovation and successful financing have laid a solid foundation for the long-term development of FOLKS.

This message is not investment advice, and investors should be aware of market volatility risks.