Pike Finance launches Pike Purple, a Monad-based cross-ecological liquidity solution

According to official news, the cross-chain lending protocol Pike Finance announced the launch of the cross-ecological liquidity solution Pike Purple to solve the problem of DeFi liquidity fragmentation in the EVM and non-EVM ecology. Pike Purple will support cross-ecosystem borrowing, lending, swaps and transfers without bridging/encapsulation, supports EVM and non-EVM ecosystems, such as Solana, Sui/Aptos, Cosmos, etc., is built on Monad, and uses Pyth Network oracles to feed prices. Service that allows token exchange and transfer across chains and ecosystems through the USDC+ pool. Development work is currently underway and the Monad public testnet is expected to be launched later this year. Previously, Pike Finance announced token economics, aiming to promote the development of cross-chain dApps through its governance token P. The total supply of P tokens is 2.14 billion, with an initial circulating supply of 411.95 million, in native ERC20 and SPL formats, which will be unlocked over 43 months according to the token release plan.