Home Cryptocurrency News Zilliqa (ZIL) Sky Rockets as the Digital Asset Crosses $100 million TVL

Zilliqa (ZIL) Sky Rockets as the Digital Asset Crosses $100 million TVL

Zilliqa is going big as the coin as the third-party Airdrop is about to end.

The market is going nuts again as Bitcoin has crossed $57,500 in the last 24 hours. Zilliqa (ZIL) has rallied along with the market deity and has soared over 14% to $0.174, as we write this.

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The scalable high-throughput blockchain, Zilliqa announced an airdrop for ZIL holders who stake them on the platform. The Zilliqa holders having a great time as they would be making huge profits from this bull run.

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What’s Next?

The COVID-19 pandemic has not slowed up Zilliqa, on the contrary, it appears to have sped things up. The community is keen and the projects are racked up like Formula 1 cars at the start line.

The crypto asset just crossed $100 million TVL, as this was expected to happen by the end of this week. When ZIL was around $83 million on March 11, a Twitter user named Altcoin Asian anticipated ZIL to break 100 million. On such a great run, he mentioned Defi pulse regarding when its going to list Zilswap on its DEX list. The crypto enthusiast tweeted:

“Zilswap TVL is going to break 100 million by end of this week with the explosion of liquidity being provided. Should be #8 on Defi Pulse according to the current TVL. @defipulsewhen are you going to put Zilswap on the DEX list?”

The trading volume of ZIL is up by 50.63% to $960 million, as it reaches a market cap of over $1.9 trillion.

The airdrop campaign named ‘Zillacracy’ which began on February 15 will end on March 16, 2021. The announcement highlighted that ZIL holders will the opportunity to be part of a daily lottery of 1,000 ZIL—airdropped to random addresses staking on the platform.

However, there is something big that’s coming Zilliqa’s way. Recently, Zilliqa Capital, a Singapore-based blockchain investment firm announced that it’s set to launch soon. The motive of the investment firm is to become the central business and investment hub for the blockchain platform Zilliqa (ZIL).

Zilliqa Capital has mentioned that they are on a big mission with the following launch. They will invest in high-growth blockchain projects that can fuel the billion-dollar DeFi market across ASEAN and India.

Basically, the Singapore blockchain firm will invest in the ZIL token as a strategic asset. It will make investments in Zilliqa as well as other relevant blockchain and crypto businesses.

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Conclusion

Zilliqa (ZIL) is making massive growth as the market seems much bullish. Analysts are expecting Bitcoin to jump over $60,000 and if that happens, we can see ZIL soar even higher. Moreover, the potential investment from Zilliqa Capital will play an important role in shaping ZIL’s price in the long-term.

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