Total value locked across DeFi is fast approaching record highs again, suggesting that crypto is in the second leg of its bull market.
Liquidity market protocol BENQI has reached $1 billion in total value locked, or TVL, less than a week after launching on the Avalanche (AVAX) network, a major milestone that highlights the explosive growth of DeFi lending services. Benqi Finance announced the milestone on Twitter late Sunday, where it thanked its community for the overwhelming support. Absolutely speechless…Thank you everyone for the overwhelming support. @avalancheavax #AvalancheRush #Avalanche $QI pic.twitter.com/36zRSrvHSs— BENQI (@BenqiFinance) August 23, 2021
The protocol generated $200 million in TVL in the first 24 hours and $500 million in the first two days, as per the update from Aug. 21. In DeFi, total value locked refers to the assets that are currently being staked on a specific protocol. The figure does
Źródło: https://cointelegraph.com/news/defi-protocol-benqi-hits-1b-tvl-days-after-launching
