Institutional investors purchased $25 million worth of Avalanche (AVAX) last week

According to the latest report by institutional crypto fund manager CoinShares, Avalanche was the second biggest performer in the week ending February 21, with inflows totaling $25 million.

Avalanche is the fourth-largest DeFi blockchain in the market, with a total value locked (TVL) reaching 10.5 billion USD. Avalanche is currently behind Ethereum ($117.3 billion), Terra ($16 billion), and Binance Smart Chain ($11.9 billion), according to data provided by DeFi Llama.