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Month in review: June 2025 🗓️
We saw explosive growth this month with no signs of slowing down.
Protocol has grown 3-5x across most major metrics such as TVL, open interest, trading volume and revenue.
We expect to surpass 1 million ADA revenue sometime in July and we’re now approaching 10 million ADA TVL.
TVL is up 80% over the last 7 days and up 1,500% over the last month.
Currently $5.2 million in TVL, about a 4x away from cracking the top 5 tvl on Cardano. We expect this number to increase significantly as we’ve kept liquidity deposits limited, and still have main features ahead, including snek perps, strike v2, and using strike as collateral for more leverage.
Liquidated strike from collateral is burned, which will introduce the deflationary nature of STRIKE.
We’re currently expanding the team and will make more announcements on this in the coming days.
Strike staking has seen a large uptick, now sitting at 75% staked, 13.6m strike worth 30.6m ADA.
Strike/ada saw over 20 million ada trading volume this month, by far the highest traded defi token on Cardano.
Thanks to everyone for the support and we’ll have the next update soon.
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