No chasing AI, no buying Memes, smart money is steadily making profits on the Avalanche C chain.

Author: 0xResearcher

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

While the TVL of most ecosystems is slowly declining and market topics are crowded with AI, Restaking, and Memes, the C chain has quietly rebounded against the trend: active addresses have risen for three consecutive weeks, the TVL of mainstream protocols is on the rise again, and even the "forgotten" old project BENQI has made a strong comeback.

Meanwhile, Avalanche has launched the Visa virtual card, and the Core wallet supports gasless operations. The on-chain infrastructure continues to upgrade—these signs all hint at one fact:

The value of infrastructure is being repriced.

Smart money has quietly gotten on board. They don't tell stories, nor do they chase trends, but they are always ahead of others.

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

Many people think that smart money refers to "whales," but in reality, "smart" ≠ the biggest wallet, but rather the one with the highest long-term win rate.

Their three main treasures:

Bet calmly, neither greedy nor afraid: 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 management comes first, profits come later: it's not about how explosive the APY is, but whether the protocol code has been audited.

On-chain transparency, controllable liquidity: not afraid of locked positions, just afraid of being locked without being informed; not afraid of falling, just afraid of not having a place to check 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 take action, they often become a barometer for the ecosystem. For example, the recent surge in liquidity for BENQI is one of the choices made by these "quiet smart people" on the chain.

The "hedging posture" of smart money: not going crazy, just being "Buddha-like"

In the second half of 2024, characterized by market fluctuations and low sentiment, smart money is starting to position itself in stable yield protocols.

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

They did not choose a coin that "can increase tenfold," but rather:

APR Stability: Currently about 5.2%

Assets are reusable: sAVAX can participate in lending and staking without affecting liquidity.

Clear mechanism and transparent operation: no flashy lock-up terms.

User-friendly interface: Non-technical users can easily get started.

You may not have noticed, but on-chain data does not lie: there are addresses that continuously convert AVAX to sAVAX for lending loop operations for several days, totaling over a million dollars. This "yield - collateral - compound interest" combination strategy is a typical "scared but not idle" strategy of smart money.

It's not a pawn, but a trump card.

Many people mistakenly believe that Avalanche's launch 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: the threshold for new user experience has been significantly lowered.

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 skills, but about capturing real users and asset inflows.

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

Stable returns are not just a transitional solution for "waiting for a bull market".

Zooming out, you will find that smart money is not investing in a specific project, but in a long-term logic:

Stable returns are a moat during times 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 like sDAI to improve asset utilization.

Pendle's structured yield products continue to be popular, with various APR curve combinations sparking innovative arbitrage strategies.

Maker launches SubDAO to decentralize governance pressure and enhance long-term stability;

EigenLayer leverages "Restaking" to unlock a new layer of returns, attracting a re-concentration of TVL.

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

Don't ask for the story, ask for the underlying logic.

If you are still asking "Which coin can increase by 10 times?", then smart money would tell you:

"What rises 10 times is emotion, not value."

What they really care about is:

Can the risk exposure of this agreement be controlled?

Is the source 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 mythical chain or a certain mythical narrative, but rather these quiet yet firm "smart choices."

If you want to be smart, 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?

Analysis of asset availability: Can it be lent or used in combination after Staking?

Assessing the team and community vitality: Are there ongoing product updates and community dialogues?

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