Research Unlock: An overview of Avalanche DeFi Ecosystem and BOOST Campaign

The Avalanche DeFi ecosystem has seen significant growth driven by the BOOST campaign, which incentivizes liquidity for well-established assets through AVAX token rewards.
The campaign has positively impacted the ecosystem’s total value locked (TVL) and liquidity, particularly in protocols like Trader Joe and GMX, while also supporting less prominent exchanges like Pharaoh.
Lending protocols such as Aave and Benqi have shown varied success with their use of incentives, directly affecting their liquidity and usage.
Stablecoin supply in the Avalanche ecosystem has increased significantly, indicating new capital inflows and overall ecosystem growth facilitated by the BOOST campaign.
This Research Piece is unlocked by Ava Labs.