February 2022 Highlights: Resilience Despite Macro Headwinds

On its fourth month of Mainnet Beta, Cronos continued its momentum and exhibited strong growth despite macro headwinds.

Despite rocky conditions marketwide, the Total Value Locked (TVL) of Cronos continued its upward trajectory, surpassing the $2.5 billion mark in the mid of February. This positioned Cronos as one of the very few chains that remained fairly resilient despite uncertain macro conditions and kept its TVL upward trajectory. (Figures below are as of February 28, 2022).

Snapshot of the Cronos ecosystem projects as of February 24, 2022. (Courtesy of Cronos News)

The Crypto.com ecosystem has continued supporting the rollout of Cronos with more integrations such as:

Cronos also welcomed several notable cross-chain and native projects, as well as tooling and infrastructure partnerships, in February, such as:

Single Finance, a multi-chain leverage yield farming protocol, offers USD-based capital-protecting pseudo-market-neutral strategies for leveraged yield farmers on Cronos. On the 14th of Feb, Single announced the launch of its Cronos LP Time machine feature, a database that provides Performance analytics of liquidity pools. Single Finance strategy vaults are set to go live by Q1 2022.

See you next month with another exciting update from the Cronos team.