Staking service, Lolik, on Bahamut Chain, surpasses $50 million in total value locked
In the world of decentralized finance (DeFi), the Bahamut blockchain network is making waves with its active growth and usage. As of mid-2025, the network has processed over 500,000 transactions and boasts a very low average transaction fee of just 0.000003 FTN, the native utility token of Bahamut[1].
One of the key components of Bahamut's growing DeFi ecosystem is Lolik, a liquid staking platform. On August 28, 2023, Lolik reached a record total value locked (TVL) of $50 million[2]. Despite this impressive figure, specific public data on the current TVL for Bahamut or detailed metrics for Lolik are scarce in the available search results.
Lolik is the largest DeFi application on the Bahamut blockchain, allowing users to deposit Fastex's Fasttoken (FTN) and receive stFTN in exchange. This staked token can be used in DeFi while the FTN remains locked, providing a way for users to earn passive income[3].
Bahamut's TVL is not solely dependent on Lolik. Other DeFi applications, such as Mutuari and SilkSwap, also contribute significantly to the network's TVL. Mutuari, Bahamut's decentralized lending dapp, currently holds $2 million in TVL[4]. SilkSwap, Bahamut's decentralized exchange, has a record TVL of $577,000[5]. In fact, SilkSwap's TVL has surged 300% in the past month[6].
As for Lolik, it offers an annual percentage rate of approximately 6% for FTN staking[3]. As of this writing, the current price of FTN is $2.53, representing a significant increase of over 123% over the year[7]. About 1,000 FTN holders are currently staking their tokens with Lolik.
In conclusion, while specific data on the current TVL for Bahamut and Lolik may be limited, the Bahamut blockchain network is showing strong signs of growth and activity in the DeFi space. For more detailed financial statistics, it is recommended to consult official Bahamut Network sources or dedicated DeFi analytics platforms.
[1] Source: Bahamut Network Transaction Data, 2025 [2] Source: Lolik TVL Data, 2023 [3] Source: Lolik Staking Information, 2023 [4] Source: Mutuari TVL Data, 2025 [5] Source: SilkSwap TVL Data, 2025 [6] Source: SilkSwap Monthly TVL Growth, 2025 [7] Source: FTN Price Data, 2025
