In times of market turbulence, the projects that truly stand out often rely on structure rather than narrative.
FOLKS is a typical case.
Despite the overall unfriendly environment, $FOLKS still achieved a phase increase of 8×. This is not a coincidence; it feels more like the market is re-evaluating a long-underestimated core asset in cross-chain lending.
@FolksFinance is a DeFi protocol that has been in operation for 5 years.
What makes me feel that Folks is different is its approach to solving structural issues in cross-chain lending.
Most protocols' “cross-chain” still rely on bridges or wrapped assets; while Folks' design is:
👉 You can deposit assets on one chain and borrow directly on another chain
No need for bridging, no need for wrapped assets, this in itself is the underlying form of the next phase of DeFi.
It is worth mentioning Folks Mobile.
It is collaborating with licensed VASP to develop, not just another DeFi App, but an attempt to build a:
• Compliant
• Simple
• Native encrypted mobile entry
To manage assets, yield, cross-chain, and strategy execution in a trustworthy environment.
On the ecological level, Folks has already covered 9 chains:
Ethereum, Avalanche, Base, BNB Chain, Arbitrum, Polygon, Algorand, Sei, Monad
And supported by top-notch infrastructures like Wormhole, Chainlink CCIP, Circle CCTP, etc.
The $FOLKS token itself is also being reinterpreted by the market:
• Circulating across 9 chains via Wormhole NTT
• Launched at 2 USD on Binance, with a historical peak of over 17 USD
• In terms of FDV, it is already among the top three EVM lending tokens (only behind Aave and Morpho)
• Has been launched on multiple top exchanges, recently opening Bybit futures
This reflects not short-term hype, but a consensus that cross-chain lending will become the main line of the next phase of DeFi.
Lastly, a note:
Behind Folks are leading institutions like Coinbase Ventures, Jump Crypto, ParaFi, Borderless, etc.
These capital firms typically do not bet on “short-cycle narratives.”
If you are paying attention to the next phase of DeFi rather than a replica of the previous round,
$FOLKS is worth studying seriously once.
