Monad ecosystem FastLane announced that its TVL has surpassed $100 million in 48 hours.
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TL;DR
FastLane, part of the Monad ecosystem, announced its TVL exceeded $100 million in 48 hours, driven by its LST protocol shMonad. It will distribute rewards to nodes and DeFi apps while advancing mainnet migration and integrations.
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MonadFastLaneTVLshMonadDeFi
Mars Finance reports that FastLane, the ecosystem behind Monad, announced that its TVL (Value at Value) surpassed $100 million within 48 hours. This figure is related to the adoption progress of its Liquidity Staking Token (LST) protocol, "shMonad." According to the protocol design, staking rewards will be distributed to Monad nodes, DeFi applications, and validators. FastLane will advance the node migration from the testnet to the mainnet and plans to integrate with multiple DeFi protocols. Specific technical details and timelines have not yet been fully disclosed.