Cronos is a new chain whose TVL reached $1.5 billion on December 13th, just one month since its Nov. 8 mainnet beta launch.
Cronos isn’t any new crypto project—it’s Crypto.com’s solution to provide decentralized applications to its 10 million users and beyond, substantially growing the DeFi and DApp ecosystem.
Built on the Cosmos SDK, developers will be able to migrate their DApps and smart contracts from Ethereum and EVM-compatible chains to the Cronos faster and cheaper than before.
Cronos Data
Starting from $4.8M, Cronos’ TVL saw a 3125% growth to its peak of $1.5 billion within 35 days.
Footprint Analytics: Cronos TVL
The price of Crypto.com’s token CRO had an insane surge in November to about $0.95, mainly because of aggressive advertising, before dropping to $0.52 on December 18th.
Footprint Analytics: CRO Price
The main category for projects on Cronos is DEX and yield, but the incentive plans, such as the CRO EVM Fund, aim to attract a greater diversity of p
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