Cronos EVM Volume Surpasses $300M in November, Reaching a 6-Month High
Cronos EVM volume has surpassed $300 million for the first time in six months, with Total Value Locked (TVL) at $858 million—matching last year’s November figures.
Key Takeaways
Cronos EVM volume surpasses $300 million in November 2024, the first time since May 2024.
In the past 22 months, only three months (March, April, and May 2024) have seen EVM volume surpass $300 million.
Total Value Locked (TVL) on the Cronos network stands at $858 million, the same level as in November 2023.
Cronos EVM Volume Reaches $300M Milestone Again After Six Months
November 2024 saw Cronos regain momentum, with its EVM (Ethereum Virtual Machine) volume crossing $300 million—an achievement not seen since May 2024, when the volume peaked at $570M. In the past 22 months, the Cronos EVM volume has surpassed the $300M mark only three times:
March 2024: $378M
April 2024: $435M
May 2024: $570M
The impressive volume surge indicates a growing interest in the Cronos ecosystem and its expanding capabilities. As of now, the Total Value Locked (TVL) on Cronos stands at $858 million, which is the same level it reached back in November 2022. This level of TVL suggests that, while the network’s growth may have slowed since last year, it is still attracting significant capital and remains a key player in the EVM ecosystem.
Cronos EVM Volume Growth
Since early 2023, Cronos EVM volume has experienced steady growth with occasional spikes. However, the volume fluctuations over the past several months reflect a complex landscape for the network. The recent rise in November 2024 follows an ongoing effort to improve the network’s infrastructure, partnerships, and overall ecosystem development.
Total Value Locked (TVL) Status
The TVL of $858 million, which reflects the total capital locked in DeFi projects on Cronos, mirrors the network's status one year ago. This consistency suggests that the ecosystem continues to be a reliable hub for decentralized finance (DeFi) and other blockchain applications while reflecting global cryptocurrency interest and price increases in CRO.
As Cronos continues to expand its ecosystem, this resurgence in volume could be an indication of a strong end to 2024, positioning the network for further growth in the coming year. Keep an eye on future developments as Cronos looks to solidify its place in the competitive EVM space.