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VVS Finance Represents Three-Quarters of Cronos TVL as DEX Volume Climbs 26%

By NBTC2 min read

DefiLlama data show that $VVS Finance (@$VVS_finance) accounts for roughly three-quarters of the total value locked (TVL) on @CronosNetwork. About $70 million of the chain’s $93 million in TVL is held in the decentralised exchange (DEX), making it the network’s dominant protocol. The chain’s native token is $CRO, and the exchange’s token is $VVS.

$VVS Finance Leads Cronos DEX Activity

The protocol also accounts for most DEX trading volume on the chain. Chain-wide trading volume rose 28%, alongside a 26% weekly rise in DEX volume.

The protocol page on DefiLlama illustrates the substantial share of Cronos activity that flows through the exchange.

$VVS Finance recorded $36.93m in DEX volume over the past 30 days. The protocol operates on Cronos, which accounts for 100% of its TVL. DefiLlama’s Cronos chain page, meanwhile, listed $136.79m in DeFi TVL and $1.39m in 24h DEX volume as of Oct 22, 2026. TVL figures for the chain have varied from week to week, so the share held by any individual protocol will change with market conditions. $VVS Finance has also been established on the network for some time. The Cronos Labs blog says it launched on Cronos in November 2021 and reached an all-time TVL of $1.4 billion within three months. Its current TVL is well below that peak.

Cronos Launch Listings Feed $VVS Volume

The way new tokens reach the exchange is one factor behind recent activity. $VVS Finance has been gradually whitelisting new tokens. Tokens listed on Cronos Launch are whitelisted on $VVS, directing their trading volume straight to the protocol’s pools.

The connection between token launches and the exchange gives $VVS Finance a built-in channel for new liquidity. It also leaves the chain’s activity heavily reliant on a single protocol, a concentration that can magnify changes in TVL and volume if usage of that protocol shifts.

For now, DefiLlama’s TVL and volume figures indicate that $VVS Finance remains Cronos’s main activity driver.

Sources

DefiLlama: $VVS Finance TVL, Fees, Revenue and Volume
DefiLlama: Cronos DeFi TVL, Fees and Revenue
Cronos Labs: Ecosystem Spotlight on $VVS Finance

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NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

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