ANVL surged over 83% in 24 hours, with its market cap rising to $109.4 million.

BlockBeats news, October 7th — possibly influenced by the news that "Peter Thiel's Founders Fund led a $5 million purchase of Anvil governance tokens," ANVL surged over 83% in 24 hours, now quoted at $0.001242, with its market cap rising to $109.4 million, FDV temporarily reported at $124 million, and 24-hour trading volume of only $415,000.

Anvil is based 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 the payments company Flexa have been listed as partners.

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