The blockchain ranks 13th by DeFi depth, though its locked value remains far below the more than $11 billion peak reached in November 2021.
Avalanche's total value locked, or TVL (crypto deposited in DeFi protocols), has risen 7% to $441 million. The increase leaves the chain ranked 13th in DeFi depth, a common measure of liquidity and activity across decentralized finance markets. Even with the gain, Avalanche remains well below its November 2021 peak of more than $11 billion, underscoring how far activity on the network is still below prior-cycle highs.