AVAX network TVL, partnering the Growth DeFi protocol with Trader Joe, has exceeded $ 11.5 billion

• The Growth DeFi Protocol has partnered with Avalanche’s largest decentralized exchange to drive higher trading volume.
• The Avalanche ecosystem launchpad is preparing for the first DEX offerings to come.
• DeFi loans and credits have intensified at Avalanche, which is boosting the on-chain activity of AVAX tokens.

The avalanche network’s on-chain activity will explode with new partnerships in the ecosystem. The $ 180 million incentive program attracted decentralized applications to the AVAX network.

Avalanche competes with the Ethereum killers for higher DeFi market shares

Avalanche Network, the leading smart contracts platform, currently has a TVL of over $ 11 billion. Users prefer fast transaction processing with low transaction costs; the AVAX network has proven to be the first choice for DeFi dealers.

Merchants new to the DeFi network looking for lending and borrowing logs have turned to Avalanche. The network offers swap, agriculture, credit and borrowing options in a single application, allowing traders to borrow up to 80% on USDT and 75% on BTC, ETH and AVAX.

The smart contract platform’s largest decentralized exchange, Trader Joe, generates total revenue of $ 440,000 per day, of which $ 73,000 goes into the treasury of the protocol.

Trader Joe daily aggregated trading volume.

The DEX recently teamed up with the Growth DeFi Protocol, which is planning cross-chain integration with the Avalanche blockchain network. With the new partnership, the protocol will be able to offer multi-chain functions and generate higher liquidity.

The network is hosting decentralized applications joining the AVAX ecosystem for the $ 180 million incentive program, and the ecosystem is preparing for upcoming initial DEX offerings.

Avalanche announced the launch of Stake DAO and the allocation of $ 3 million in incentives to the DeFi project.

Emin Gün Sirer, founder and CEO of Avalabs, expects the updates in the ecosystem to bring the next billion users to the Avalanche network.

FXStreet analysts have assessed the AVAX price trend and predicted that the altcoin will need to maintain its support to move back up to $ 80.