PANews reported on August 21 that according to TK Research analysis, the $BIO token is steadily growing in the DeSci field, with the current total value locked (TVL) of Bio Protocol being approximately $9 million. Among this, about 70% is short-term locked (1 to 4 weeks), about 30% is medium to long-term locked, and 15.1% is locked for the longest period of 104 weeks.
The analysis suggests that the continued growth of medium to long-term locked positions may drive token price increases, while the high proportion of short-term positions could bring some selling pressure. If the proportion of medium to long-term locked positions further improves, $BIO may usher in a new round of price increases.
