Mode Network's TVL has plummeted 99% from its peak in May last year.
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最新报道：According to DL News, data from DefiLlama shows that the total value locked (TVL) of Ethereum's Layer 2 network, Mode Network, has plummeted 99% from its peak of $582 million in May 2024 to approximately $4 million. The price of the network's native token, MODE, has fallen by over 98% from its historical high. After receiving $5.3 million in funding from the Optimism Foundation in January 2024, Mode Network attracted a surge in liquidity through airdrop incentives. However, with the reduction of incentives, the more than 50 DeFi projects on its chain now generate almost no actual revenue. Notably, the platform's official website still displays a TVL of $500 million, a significant discrepancy with on-chain data.
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