Cronos Is Waking Up, and VVS Finance Is Behind It
Approximately $70 million of
@CronosNetwork's total $93 million TVL belongs to VVS Finance (
@VVS_finance), accounting for three-quarters of the chain’s TVL, according to DefiLlama.
Additionally, VVS Finance manages the lion’s share of the chain's DEX trading volume.
The chain’s trading volume increased by 28%, aligning with a 26% weekly increase in the chain’s DEX volume.
VVS Finance helps drive the trend by gradually whitelisting new tokens. Tokens listed on Cronos Launch become whitelisted on VVS, adding their trading volume directly to the protocol's pool.
VVS Finance is the main driver of activity on Cronos at the moment.