Everyone is so tired of new L1s blockchain failing, like Berachain and Movement
The solution is here → @monad_xyz
→ Don't forget, Monad has raised $244M from @paradigm
The key to Monad’s success? Its DeFi engine is roaring
LSTs have become the backbone of any DeFi ecosystem, and Monad is no different. We’ve seen top chains like Ethereum, Bitcoin, and Solana focus heavily on liquid staking.
→ It's clear that @MagmaStaking is a critical player in Monad’s DeFi ambitions
Let's dive in ↓
2/ Key Metrics ↓
• Magma is the Top 2 liquid staking protocol in Monad, holding 1.9M MON, accounting for 26% of the total supply.
• With a total of 3.1M holders, Magma is gaining massive traction in the Monad ecosystem.
• 30M total transactions highlight the growing adoption and usage of Magma as the leading LST option in the ecosystem.
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