Data: The Merlin Chain lending protocol Avalon TVL has surpassed 100 million USD, becoming the largest lending protocol in the BTC ecosystem

ChainCatcher news, according to official sources, the first lending protocol of Merlin Chain, Avalon Finance, has surpassed a TVL of 100 million USD just one week after its launch, with over 7,000 users, making it the largest lending protocol in both Merlin Chain and the entire BTC ecosystem. It also set the record for the fastest TVL growth of any DeFi lending protocol in DeFi history. Avalon Finance has launched a community airdrop plan, with an airdrop ratio of up to 20%.

According to the crypto data platform RootData, Avalon Finance completed a 1.5 million USD seed round financing in March, with participation from SNZ Capital, Summer Capital, Matrixport Ventures, Spark Digital Capital, and Web3Port Foundation.