Hey there, crypto enthusiasts! If you’ve been keeping an eye on the decentralized finance (DeFi) space, you’ve probably heard of DefiLlama, the go-to platform for tracking Total Value Locked (TVL) across various protocols. Well, they’ve just dropped some exciting news! As of July 30, 2025, DefiLlama is now tracking Iguana Stableswap on Etherlink, and the numbers are looking promising with a TVL of $2.16 million. Let’s dive into what this means for the blockchain community!

What’s Iguana Stableswap?

Iguana Stableswap is a decentralized trading platform designed to make swapping stablecoins seamless and efficient. Think of it as a one-stop shop for traders who want to exchange assets like USDT or USDC without the wild price swings you’d see with regular cryptocurrencies. Built on Etherlink, a Layer 2 blockchain powered by Tezos Smart Rollup technology, Iguana Stableswap offers low-cost transactions and fast confirmation times—perfect for anyone looking to dip their toes into DeFi trading.

Why Etherlink Matters

Etherlink stands out because it’s an EVM-compatible (Ethereum Virtual Machine) blockchain that keeps costs ridiculously low—think less than $0.001 per ERC-20 transaction! Plus, it leverages Tezos’ security features and sub-second confirmation times, making it a developer-friendly environment. This combination is a game-changer for projects like Iguana Stableswap, enabling them to scale while keeping fees minimal.

The $2.16M TVL Milestone

The Total Value Locked (TVL) of $2.16 million is a big deal. It shows how much money users have staked or locked in the Iguana Stableswap protocol, reflecting growing trust and adoption. For context, a higher TVL often signals a healthy ecosystem, attracting more users and developers. DefiLlama’s decision to track this platform highlights its potential to become a key player in the DeFi world.

What’s Next for Iguana Stableswap?

The crypto community is buzzing with excitement, as seen in the replies to DefiLlama’s tweet. Some are even shouting “WAGMI” (We’re All Gonna Make It), a popular meme coin sentiment, while others are sharing personal success stories with investment experts. This kind of engagement suggests Iguana Stableswap could be on the verge of a breakout moment. Keep an eye on meme-insider.com for the latest updates on this and other meme token trends!

Final Thoughts

Whether you’re a seasoned blockchain practitioner or just curious about DeFi, the launch of Iguana Stableswap on Etherlink is worth watching. With DefiLlama’s tracking and a solid $2.16M TVL, this could be the start of something big in 2025. Got questions or want to dive deeper? Drop a comment below or explore more at meme-insider.com—we’re here to help you stay ahead in the crypto game!