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| Algorand Casino Chart on Vestige |
$CHIPS Now Has The Highest TVL On Algorand
Algorand Casinos ASA token, known as $CHIPS, have since a couple days ago taken the over lead in the Algorand ecosystem in terms of total value locked (TVL).
TVL, which is often valued in USD, commonly refers to the the total amount that has been committed to a certain platform or ecosystem. In this case it also represents the amount of liquidity provided the the liquidity pools from different decentralized exchanges, such as Tinyman or HumbleSwap.
Algorand Casino launched in early 2022 and it's the largest gambling dApp in the Algorand ecosystem. Users can play games such as poker, blackjack, and more using the $CHIPS tokens. In addition, they offer sports betting and staking possibilities through their platform. Every week they give 1000 $CHIPS to their top players.
Recent Increase in Price and TVL
The price of $CHIPS have seen a staggering 200% increase in price in the past 3 months. Algorand Casinos TVL has also grown to almost $1 million USD, taking number one position according to the numbers on Vestige. It passed $DEFLY, which has a total value locked of roughly $914,000 as of 16th of January 2023.
Algorand Casino officially made a tweet in celebration of this achievement. See below.
While we #BuildonAlgorand our community went 🐻 hunting!
— AlgorandCasino (@algorandcasino) January 15, 2023
We're so grateful that we've been able to start out the year writing so many thank you posts to the #chipmates and #algofam at large!
Thank you so much for making this possible!
For utility, check:https://t.co/xKOtQpeYPg pic.twitter.com/O4yGNP5x2N
$CHIPS official ASA ID is 388592191.
