Gnosis Chain TVL doubled to $150 million since early October

Odaily News Affected by the expansion of MakerDAOs Spark Protocol to Gnosis Chain, Gnosis Chain TVL has doubled from the beginning of October to 150 million US dollars. At the same time, the transaction volume and fees on the network have also increased significantly. The funds are used to increase savings rates through MakerDAO’s Spark lending protocol, which currently offers interest rates in excess of 7%. By bridging to Gnosis Chain, users are increasingly converting their xDAI to Savings xDAI, thereby accruing interest on all sDAI held by the main bridge. (The Block)