Gnosis Chain TVL has doubled since the beginning of October, with significant increases in trading volume and fees

ChainCatcher news, according to The Block, influenced by MakerDAO's Spark Protocol expansion to Gnosis Chain, the Gnosis Chain TVL has doubled since the beginning of October, while the transaction volume and fees on the network have also significantly increased.

It is reported that these funds are used to increase savings rates through MakerDAO's Spark lending protocol, which currently offers an interest rate of over 7%. By bridging to Gnosis Chain, an increasing number of users are converting their xDAI into Savings xDAI, thereby generating interest from all sDAI held by the mainnet bridge.