Market cap rises to $109 million, ANVL surges over 83% in 24 hours

Odaily News: Following reports that Peter Thiel's Founders Fund led a $5 million purchase of Anvil governance tokens, ANVL surged over 83% in 24 hours, now trading at $0.001242, with a market cap rising to $109 million. FDV is currently reported at $124 million, with 24-hour trading volume of $415,000. Anvil is built on Ethereum and aims to use digital assets as collateral for financial commitments such as payments and credit. Its research and development company, Anvil Research Labs, has simultaneously launched an SDK to help enterprises and financial institutions integrate the protocol without writing blockchain code. Consensus, Bitcoin.com, and payment company Flexa have been listed as partners.

Currently, ANVL has a total supply of 100 billion tokens, with a circulating supply of approximately 80 billion. Anvil network TVL is approximately $14 million. Unlike traditional DeFi lending protocols, Anvil primarily provides guarantees for financial commitments through on-chain collateralized assets, rather than having users borrow and pay interest.