According to Foresight News, Avalon Finance, a Bitcoin lending protocol, has seen its total value locked (TVL) exceed $30 million just a week after its deployment on the Bitcoin public chain, Bitlayer. Currently, the total TVL of Avalon Finance has reached $250 million.
Previously, Avalon Finance was officially deployed to the Bitcoin public chain, Bitlayer, on May 8. It supports various native assets of Bitlayer, including the stablecoin bitUSD issued by bitSmiley.
