Thriving Dapps Shining on Story Protocol's Fresh IP Network
Story Protocol Gains Traction in the Blockchain World
The Story Protocol blockchain, a platform dedicated to protecting and monetizing intellectual property on-chain, has been making waves in the crypto space recently. The native token of Story Protocol, IP, has surged over 600% and is currently trading at $7.2.
Two weeks after its launch, Meta Pool, a liquid staking service supporting both Near and Ethereum, has integrated Story Protocol, boasting a TVL (Total Value Locked) of $8.5 million on the platform. The overall TVL on Story Protocol's network peaked at $17 million last week.
One of the key dapps on Story Protocol is Verio, a liquid staking platform for IP. Launched less than two weeks ago, Verio has already amassed a TVL of $13.5 million, making it the largest dapp on the platform. The only accepted token in Verio is IP.
Another notable dapp is PiperX, a decentralized exchange for Story Protocol. While the exact TVL of PiperX on Story Protocol was not provided, it has reached a TVL of $4.4 million. PiperX hosts several pools, and the most deposited tokens are USDC.e and Wrapped IP (WIP).
Story Hunt, another Uniswap-like DEX on Story Protocol, has a TVL above $3 million. The TVL of Story Hunt is dominated by USDC.e and WIP.
As of this writing, IP ranks 55th on Coinmarketcap with a total valuation of $1.8 billion. Despite a decline due to outflows from a lending protocol, most dapps on Story Protocol continue to grow.
Despite the growing interest and adoption, detailed, current performance data of other dapps like Meta Pool stIP and Story Hunt is not readily available in the recent public sources. For more specific updates and performance metrics for these individual dapps, one would typically consult specialized analytics platforms focused on the Story Protocol ecosystem, official project channels, or blockchain explorers for Story Protocol.
Story Protocol was launched earlier this month, marking a significant step in the blockchain industry's focus on creator economies and decentralized IP management. As the platform continues to evolve, it will be interesting to see how these developments unfold.
- In light of the growing interest and adoption in the Story Protocol blockchain, various dapps such as Verio, PiperX, and Story Hunt, are recording significant growth in TVL (Total Value Locked).
- Amidst this surge, the native token of Story Protocol, IP, has seen a dramatic increase of over 600%, reaching a current trading price of $7.2. This growth has attracted finance and technology enthusiasts to explore the platform's possibilities within the creator economies and decentralized IP management.
