Liquid Staking Platform on Bahamut Chain, Lolik, Surpasses $50 Million in Total Value Locked
The Bahamut blockchain network, launched by Fastex in May 2023, is currently experiencing active development and growth. This is evident from the robust transaction activity, innovative consensus mechanisms, and ecosystem expansion that the network is witnessing.
Total Value Locked (TVL)
Although exact TVL figures were not specified in the recent data, Bahamut’s network engagement is significant. Over 500,000 transactions were recorded in July 2025, indicating healthy network usage and user adoption. The average transaction fee remains extremely low at 0.000003 FTN, demonstrating the network's efficiency and affordability.
Partnership with Lolik
Although there is no direct information available about a partnership with Lolik, this specific collaboration may either be not publicly announced or not well documented in current sources.
Fasttoken (FTN) Performance
Fasttoken (FTN) is the native cryptocurrency powering Bahamut’s EVM-compatible blockchain. It supports staking, governance, and cross-chain activities. FTN utilizes a novel Proof of Stake and Activity (PoSA) consensus mechanism, rewarding validators for both staking FTN and generating network activity via smart contract usage. This fosters high utility dApps and validator engagement.
Validators can become active by depositing 8192 FTN to earn rewards, indicating a well-structured incentive model to secure and grow the network.
Lolik and DeFi
Users deposit Fastex's Fasttoken (FTN) in Lolik and receive stFTN in exchange, which can be used in decentralized finance (DeFi) while staking. As of this writing, Lolik offers an annual percentage rate of about 6% for FTN.
Over the past three months, Lolik has added about $10 million in liquidity each month, and its TVL reached a record $50 million on August 28, 2024. However, DefiLlama does not consider Lolik's deposits when measuring Bahamut's total value locked (TVL) to avoid double counting.
TVL Distribution
Bahamut's TVL is not solely dependent on Lolik. The main contributor to Bahamut's TVL is its decentralized lending dapp, Mutuari, which holds $2 million in TVL. SilkSwap, Bahamut's decentralized exchange, has a record TVL of $577,000, and together with Mutuari and Lolik, they contribute significantly to Bahamut's TVL.
Lolik is the largest DeFi app on the Bahamut blockchain, but it's important to note that SilkSwap's TVL surged 300% in the past month alone, indicating rapid growth across the ecosystem.
Integration and Expansion
Bahamut integrates gaming, DeFi, and physical collectibles within its ecosystem, with features such as liquid staking and cross-chain bridges enhancing token utility and interoperability with Ethereum. The network is developer-centric, actively showcasing its technology at global events like Consensus 2025, which supports ecosystem visibility and likely user growth.
The current price of FTN is $2.53, up over 123% over the year. As Bahamut continues to grow and expand, it's an exciting time to be part of this dynamic and innovative blockchain network.
News about Bahamut's growth continues with the integration of web3 technology in the finance industry. The partnership between Bahamut and Lolik, while not publicly announced, is expected to bring DeFi opportunities for users as deposited FTN in Lolik rewards an annual percentage rate of about 6%. The collaboration could also contribute significantly to Bahamut's total value locked (TVL), which, although not solely dependent on Lolik, is seeing rapid growth, with SilkSwap's TVL surging 300% in the past month alone. Additionally, the robust transaction activity on the network, such as the 500,000 transactions recorded in July 2025, demonstrates healthy network usage and user adoption.
