TVL surged 454% The peak number of daily active addresses exceeds 1.1w The daily trading volume of stablecoins increased by 949% When the market's attention is drawn to "stock tokenization", the "forex tokenization" track is also quietly gaining momentum. Since the official announcement of the expansion of multiple chains by "Swift on the Chain" Mento at the end of July, the August data has experienced a comprehensive outbreak ⤴️ A very direct logic: everything can be put on the chain, stocks/bonds/commodities can all be, why can't foreign exchange? XStocks is providing on chain trading channels for users who find it difficult to purchase US stocks, while Mento is providing "7x24 hours, zero slippage, and no intermediaries" multi chain forex services for users with forex exchange needs. Before transitioning to a multi chain forex service platform, Mento (@ MentoLabs) was a star stablecoin platform on the payment public chain Celo, and its accumulation in the stablecoin field can be traced back to 2020 At present, they support mainstream stablecoins in 15 countries including cUSD/cJPY/cEUR, which is indeed a good channel for countries with poor currency stability (such as Africa) or actuaries with exchange rate arbitrage needs (Dune data shows that 99% of trading volume in the past three months has been concentrated in cUSD, which is in line with expectations haha, but cEUR also experienced a peak in April this year) In fact, there are many projects exploring the tokenization of foreign exchange, such as Injective and even some business maps of WLFI USD1. Foreign exchange is to the financial world like blood vessels are to the human body. With a single mark, it's hard to say when the "coin stock moment" of foreign exchange will come Finally, please attach the data source TVL：https://(defillama.com)/protocol/mento Transaction amount/number of active addresses: https://(due. com)/mento-labs-eng/mento-overview