On February 16, 2024, two major blockchain platforms, Klaytn and Finschia, announced their merger into a unified mainnet, Project Dragon. Project Dragon aims to create a giant blockchain in Asia by organically integrating the two ecosystems and assets, leading the growth of the Web3 market in Asia. The merged new chain will be compatible with Ethereum and Cosmos, with existing tokens KLAY and FNSA replaced by a unified token.

Behind these platforms are the tech giants of Korea and Japan – Kakao and Line, equivalent to Korea’s version of WeChat and Japan’s version of WeChat. The merged L1 project holds high expectations as both Korea and Japan are crypto-friendly countries with a high percentage of young people holding cryptocurrencies.

DeFi infrastructure Neopin is launching the first cross-chain bridge for the Klaytn and Finschia merger, supporting bidirectional cross-chain transactions between Ethereum and Klaytn, as well as between Finschia and Klaytn. It will provide DeFi infrastructure for Project Dragon, including Yield Farming, Swap, Staking, Bridge, and more.

Neopin’s goal is to provide users with higher trust and stability by implementing a regulatory framework and bridging the gap between TradFi and DeFi spaces. It currently supports Ethereum, Polygon, Arbitrum, Cosmos, Klaytn, Finschia, and Tron.

The parent company of Neopin, Neowiz, is Korea’s largest gaming company. The Neopin team consists of 35 members from institutions such as Binance, Crypto.com, BNB Chain, Gnosis, Samsung, Coupang, Neowiz, and CJ ENM. Since 2018, Neopin has been operating validators for Ethereum and Cosmos. With deep expertise in Web3 and understanding of the crypto ecosystem, the team comes from reputable organizations.

Neopin recently updated its roadmap, launching the Finschia Bridge, adding USDT support to the EVM Bridge, and introducing new liquidity pools. TVL has been steadily increasing, reaching new highs with a 120% growth in two months. Neopin plans to launch AI-based yield farming, promising even more exciting performance for TVL.

To allow more people to experience the charm of DeFi, Neopin recently launched a series of DeFi Carnival events to celebrate NEOPIN surpassing $180 million in consolidated TVL. Stay tuned for more lucrative airdrop activities in the future.

Neopin is an indispensable DeFi infrastructure for Project Dragon, ranking among the top in TVL. Project Dragon, jointly built by Korea and Japan, boasts a high number of cryptocurrency users and acceptance in both countries, making projects on the chain more likely to gain attention. With a current market value of around $70 million, Neopin is still undervalued compared to projects valued at billions, indicating significant potential for the future.