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First DEX on Oasis Network hits $100M TVL in 24 hours -Breaking

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YuzuSwap has been a rapidly growing exchange on Oasis Network since its launch on Jan. 11. This demonstrates the increased demand for decentralized financial protocols.

The company announced Wednesday that YuzuSwap had achieved $100 million in total value locked (TVL) within its first 24 hours. The trading volume for the 24 hour period was $323 million. TVL is the value of all assets that are being staked using decentralized protocols within DeFi.

TVL highlights DeFi’s explosive growth over the past 12 months. Source: DeFi Llama