In less than a month, @eulerfinance's TVL has increased significantly on @$avax, making the network the second-largest blockchain supported by the protocol after Ethereum.
As more institutions enter the crypto markets and explore blockchain technology, some are able to incorporate these lending opportunities to earn yield on their assets.
Avalanche has a DeFi TVL of over $1.3 billion and an RWA asset value exceeding $159 million.
Meanwhile, Euler has over $1.5 billion in TVL across various networks, indicating strong demand for the platform among users.
Although Avalanche is a relatively new integration, its recent launch positions the protocol on a solid path to attract institutional capital inflow into Avalanche.