First DEX on Oasis Network hits $100M TVL in 24 hours By Cointelegraph

YuzuSwap, the first decentralized exchange operating on the Oasis Network, has seen rapid uptake since launching on Jan. 11, underscoring heightened demand for decentralized finance protocols.

In its first 24 hours of operations, YuzuSwap achieved a total value locked, or TVL, of $100 million, the company reported Wednesday. Trading volumes over the 24-hour time frame reached $323 million. Within DeFi, TVL refers to the total value of assets being staked on decentralized protocols.

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