PulseChain went live for 10 days with a TVL exceeding 400 million USD, and the SEC has issued subpoenas to its promoters

ChainCatcher message, according to DeFiLlama data, the TVL of Pulse Chain has exceeded $440 million, making it the eighth largest chain, only behind Avalanche and Optimism. This chain has only one native DEX application, called PulseX.

It is reported that the PulseChain blockchain and its native DeFi exchange PulseX officially launched on Saturday, May 13, 2023. The native DEX PulseX allows users to exchange tokens with each other on PulseChain.

Notably, according to previous reports, the U.S. Securities and Exchange Commission (SEC) issued subpoenas to promoters of cryptocurrencies such as PulseChain, PulseX, and HEX last November. (Source link)