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The 'FT ecosystem' is heating up, with on-chain replicas such as BTC and Linea reaching record high TVL.

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New Bitcoin City, Tomo, and other on-chain FT mimicking protocols have recently seen consecutive increases in TVL and set new highs. Stars Arena, which was previously attacked by hackers, has also announced its reopening.

Table of Contents:

· BTC ecosystem simulation platform TVL breaks $1 million

· Linea ecosystem FT simulation platform goes live for a week with continuous TVL growth

· Avalanche simulation platform reopens after being attacked

BTC ecosystem simulation platform TVL breaks $1 million

BlockBeats News, on October 16th, according to DefiLlama data, the TVL of New Bitcoin City, a FT imitation project based on the Bitcoin Layer 2 network NOS, has reached $1.07 million.

Linea Ecology FT Simulated Trading Platform Goes Live for One Week TVL Continuously Rises

BlockBeats News, on October 14th, according to BlockScout data, the Tomo TVL project of friend.tech, a replica project in the Linea ecosystem, broke through 800ETH and is now reported at 802 ETH. On October 16th, according to DefiLlama data, Tomo TVL has reached $1.47 million in TVL.

Avalanche 仿盘遭攻击后重新开放

translates to

Avalanche's simulation platform reopens after being attacked

in English.

BlockBeats News, on October 16th, Stars Arena, a FT simulation platform based on AVAX network, announced on social media that it has reopened, but trading has not yet resumed. Stars Arena previously stated that trading would only resume after the complete audit report is released and the contract is open-sourced for community review.

Previously, BlockBeats reported on October 7th that Stars Arena was hacked and had a major security vulnerability in its smart contract. According to data monitored by PeckShield, Stars Arena lost approximately $2.9 million in the hack. Here is the link to the original report.

Related reading:

"Latest development on the incident: Stars Arena has announced reopening and recovered 90% of the lost funds from the attack"

On October 12th, Stars Arena announced in a security update that the team has successfully recovered nearly 90% of the lost funds. It is reported that the security incident was caused by an individual, and an agreement has been reached between the two parties. As a reward, Stars Arena paid the individual 10% of the bounty (26,610 AVAX) and 1000 AVAX lost in the cross-chain bridge, totaling 27,610 AVAX.