Not chasing AI, not buying Memes, smart money is steadily making profits on the Avalanche C chain.

You may not have noticed, but Avalanche's C-Chain has recently become popular again.

As the majority of the ecosystem's TVL slowly declines and market discussions are dominated by AI, Restaking, and Memes, the C chain has quietly rebounded against the trend: active addresses have increased for three consecutive weeks, mainstream protocol TVLs have risen again, and even the "forgotten" old project BENQI has made a strong comeback.

At the same time, Avalanche has launched the Visa virtual card, Core Wallet supports gas-free operations, and the on-chain infrastructure continues to upgrade – all of which hint at one fact:

The value of infrastructure is being repriced.

Smart money has already quietly boarded. They don’t tell stories or chase trends, yet they are always ahead of others.

What is "smart money"? It's not about being the richest, but about being the longest-lasting.

Many people think that smart money is just "whales", but in reality, "smart" ≠ the largest wallet, but rather the highest long-term win rate.

Their three major treasures:

• Bet calmly, neither greedy nor fearful: be not aggressive in a bull market, and not pessimistic in a bear market. Only those who can survive through three rounds of bull and bear markets are truly alive.
• Risk control first, profits later: It's not about how explosive the APY is, but whether the protocol code has been audited.
• On-chain transparency with controllable liquidity: not afraid of locked assets, just afraid of being locked without notice; not afraid of a drop, only afraid of having no place to check the data.

These people are more like a hybrid of fund managers and hackers in Web3: they understand financial modeling and can read smart contract code. They usually don't say much, but when they act, they often become the trendsetters of the ecosystem. For example, the recent surge in liquidity for BENQI is one of the choices made by these 'quiet smart people' on-chain.

The "hedging posture" of smart money: not going crazy, just being "Buddhist"

In the second half of 2024, amid market fluctuations and low sentiment, smart money is beginning to allocate towards stable yield protocols.

For example, the old project BENQI in the Avalanche ecosystem: TVL skyrocketed to 520 million USD, with Liquid Staking's $sAVAX reaching nearly 10 million AVAX, almost hitting new highs every day.

What they chose was not the coin that could increase tenfold, but:

• Stable APR: Currently about 5.2%
• Assets are reusable: sAVAX can participate in lending and staking without affecting liquidity.
• Clear mechanism and transparent operation: No fancy lock-up terms
• User-friendly interface: Non-technical users can easily get started.

You may not see it, but the on-chain data doesn't lie: there are addresses that convert AVAX to sAVAX for several days in a row, and then use it for lending and borrowing operations, totaling more than one million dollars. This combination of "income - collateral - compound interest" is a typical "fear of death but not idle" strategy of smart money.

is not an outcast, but a trump card

Many people mistakenly believe that Avalanche's promotion of Subnet multi-chain means that the main chain C-Chain will be marginalized. But the reality is that the C-Chain is becoming the core of infrastructure development.

Look at these "silent big moves":

• Avalanche Visa virtual card launched: USDT / USDC / AVAX can be spent directly, even Alipay can be linked.
• Core wallet supports gas-free operations: significantly lowers the entry barrier for new users.
• On-chain data service upgrade: Developers and investors can query contract and asset data with one click.

The significance behind this is: the C chain is not about showing off technology, but about capturing real users and asset inflows.

For smart money, this is the core logic behind their bet on Avalanche: while everyone tells stories, only infrastructure can truly be the armor that withstands cycles. And BENQI, as part of the early infrastructure, is being gradually reassessed and repriced.

Stable returns, not just a transitional solution for "waiting for the bull market"

By broadening your perspective, you will find that smart money is not investing in a specific project, but rather in a long-term logic:

Stable returns are a moat during periods of market panic.

Whether it's BENQI's $sAVAX, Lido's $stETH, or Frax's sfrxETH, they are all finding new release paths for "non-tradable assets."

You will also find that they are continuously laying out:

• Frax focuses on stable pools such as sDAI to improve asset utilization;
• Pendle's structured yield products continue to be popular, with various APR curve combinations sparking innovations in arbitrage strategies;
• Maker launches SubDAO to decentralize governance pressure and enhance long-term stability;
• EigenLayer leverages "Restaking" to unlock new layers of yield, attracting a re-concentration of TVL.

These choices may seem conservative, but they are the foundation of the next bull market - refined, transparent, and sustainable.

Don't ask the story, ask the underlying logic

If you are still asking "which coin can increase by 10 times", then smart money will tell you:

"The emotion that rises tenfold is not value."

What they really care about is:

• Can the risk exposure of this protocol be controlled?
• Are the sources of income real and sustainable?
• Is on-chain liquidity real? Is the TVL data solid?
• Is the team continuously iterating? Is the community active and providing feedback?

Only when the answers to these questions are all YES will they press that familiar "Confirm" button.

The starting point of the next bull market is not a certain miracle chain, nor a certain miraculous narrative, but these quiet yet firm "smart choices."

To be a smart person, start with these four things.

If you see this, congratulations, you are already "smarter" than 90% of the market. Here's another checklist to help you avoid pitfalls:

• Audit and Open Source: Does the project have third-party audits, and are the contracts open source?
• Check on-chain data: TVL, active wallets, asset structure, can it be verified on-chain?
• Analyze asset availability: Can it be lent or used in combination after staking?
• Assessing team and community vitality: Are there ongoing product updates and community dialogues?

The bull market is not far away, but first learn to be smart. Opportunities are promising, but the foundation must be stable. Don't chase the hype, be a smart person.