Money is back to traditional, according to DeFi Llama cryptocurrency began to flow into decentralized financial markets.
Avalanche appears to be at the forefront as interest in cryptocurrency lending, staking and other decentralized financial solutions is growing again.
Avalanche While the locked value on it exceeds 11 billion dollars, it is just below the 13 billion dollars worth of BNB.
While the locked value on the BNB network is down 10% month-on-month due to market sentiment, AVAX appears to be keeping the money inside.
The Trader Joe protocol takes the second place in the AVAX network with a TVL of 1.5 billion dollars.
AVAX Protected TVL
When we look at the competitors of AVAX in terms of the locked value collected inside, we observe a monthly decrease depending on the market sentiment.
Accordingly, Ethereum ranks first with a total locked value of $124 billion, followed by Luna with $16 billion and BNB with $13 billion.
AVAX, which retreated to $ 53 levels during the decline in Bitcoin, again approached the $ 100 limit with the recent rise. This means that it experienced an increase of 83% in 25 days.
*Not Investment Advice.