Avalanche's top DeFi protocol Benqi Finance is experiencing another growth peak. Its liquidity staking product sAVAX has recently surpassed a cumulative staking volume of 9.97 million AVAX, equivalent to approximately $190 million, reaching its highest level since the historical peak in November 2024, and the value continues to grow.
According to Flipside Crypto's on-chain data, this rapid growth trend indicates that more funds are flowing into Benqi amid the current market uncertainty, pursuing the dual goals of stable returns and asset efficiency.
Stable Annual Yield of 5.23%, sAVAX Stands Out in Volatile Markets
Benqi's sAVAX product offers approximately 5.23% annual percentage rate (APR), becoming a standout on-chain yield tool in the current market. Users can obtain sAVAX by staking AVAX, earning staking rewards while maintaining asset liquidity, which can be widely used across various DeFi protocols to achieve efficient asset utilization.
As sAVAX automatically appreciates based on rewards, users can achieve continuous compound growth without manually claiming earnings, making it particularly suitable for prudently managing assets during market fluctuations.
Smart Money is in Action: Don't Let Your AVAX Sit Idle!
Recent on-chain data shows that more "smart money" is converging on Benqi. As market adjustments continue, liquidity staking has become an important channel for risk aversion and value appreciation. With its robust mechanism, transparent data, and excellent user experience, Benqi is gradually becoming an indispensable core infrastructure in the Avalanche ecosystem.
If your AVAX is still idle, it's time to rethink your asset allocation strategy. By staking AVAX as sAVAX, you can not only earn rewards but also participate in a broader DeFi ecosystem, enhancing asset efficiency.
● Flipside Crypto: Benqi Finance Dashboard
● Official Tweet Source: X.com - @0x_Ali3N
