Avalon Labs’ governance token AVL has made a exceptional debut on South Korea’s second-largest cryptocurrency change Bithumb.
Following its itemizing, AVL’s 24-hour buying and selling quantity rose to $36.47 million, surpassing Bitcoin’s quantity on the platform and rating because the third-highest buying and selling quantity.
Avalon Labs, the corporate behind AVL, is actively working to develop USDa, a Bitcoin-backed stablecoin, as a part of the broader Bitcoin DeFi ecosystem. The agency goals to create an on-chain monetary hub for Bitcoin by providing a spread of economic merchandise, together with BTC-backed lending, a Bitcoin-backed stablecoin, yield-generating accounts, and a Bitcoin-backed bank card.
In accordance with its official web site, Avalon Labs goals to construct a scalable, clear, and accessible monetary community designed to empower Bitcoin holders and broaden Bitcoin's function as a dynamic financial asset.
AVL serves because the governance token of the Avalon Labs ecosystem and performs an necessary function in community-driven decision-making.
*This isn’t funding recommendation.
