Arweave's AO platform pre-bridges $260 million of stETH, with a TVL of over $200 million
According to Cryptoslate, on June 24th, the super parallel computing platform AO based on Arweave has attracted $260 million worth of stETH funds through pre-bridge connection within less than ten days of its release, making it the 28th largest decentralized finance (DeFi) platform in the past four days. Sam Williams, the founder of Arweave and AO, stated on X (formerly known as Twitter) on June 22nd that AO's total locked value (TVL) has now reached $209.43 million, on par with Cardano's TVL, and surpassing well-known blockchain projects such as zkSync, Fantom, Scroll, Algorand, Filecoin, and ICP.
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