Arweave and AO founder Sam Williams said in a post on X yesterday that $260 million of stETH has been pre-bridged to Arweave-based AI application computing protocol AO, driving it to become the 28th largest DeFi protocol in the past four days. According to Williams, AO TVL is now on par with Cardano ($209.43 million), surpassing major blockchain projects such as zkSync, Fantom, Scroll, Algorand, Filecoin, and ICP. According to the introduction, AO is a new protocol built on Arweave's permanent data storage layer that allows parallel applications to run through a decentralized computing model. At the same time, it also allows artificial intelligence applications to run on-chain and large language models to run within smart contracts.