Big News For Avlanche.
Today officially Avlanche etf done and have is traded on Nasdaq officially.
1. Avalanche ETF = More Institutional Money → More Activity on Avalanche
The VanEck AVAX ETF does not buy BENQI directly, but:
Institutions buy AVAX
More AVAX flows into the ecosystem
More users use Avalanche DeFi
BENQI benefits first because it’s the main lending + liquid staking protocol
So this ETF is indirectly bullish for QI.
2. Impact on BENQI TVL & Usage
When:
AVAX price stabilizes / rises
Stablecoins on Avalanche increase ($1.65B already)
Then:
More AVAX is deposited in BENQI
More liquid staking via sAVAX
More borrowing & lending activity
This increases:
TVL on BENQI
Protocol revenue
Demand for QI token (governance + incentives)
Historically, when Avalanche TVL rises.
Final Verdict on BENQI
Impact rating: 🟢 Very Positive (Indirect but Powerful)
Why?
ETF brings credibility
More AVAX → more DeFi
BENQI captures most value
