Avalanche Bridge Launches Native Bitcoin Support; AVAX Surges 7.4%
— Ecosystem, Launches, Avalanche, Avax, Billion, Surges, Recedes, Bitcoin, Bridge, Lending, Marks, Drop, Native, Support, Defillama, Sector, Protocols — 1 min read
There is currently $2.68 billion in TVL across the Avalanche ecosystem, according to DefiLlama. That's an $11 billion drop from December as the DeFi sector recedes amid concerns over lending protocols. There is also $2 billion of TVL in the overall market, which is down $10 billion from December to $3.4 billion. DeFi is a key component of the TVL market, but the market is still recovering from concerns over the protocols of the lending industry. In December, DeFi was down $6 billion from $8 billion to $1 billion in the market. Source