Avalon Labs AVL token rally after Yzi Labs announces investment
The post Avalon Labs AVL token rally after Yzi Labs announces investment appeared on BitcoinEthereumNews.com. Avalon Labs (AVL) rallied by over 30%, rising vertically to a one-month high. The asset gained attention after Yzi Labs announced Avalon Labs as its next investment. Yzi Labs (formerly Binance Labs) announced its next investment project. After the news, the native AVL token rallied by over 30%, going vertical after weeks of flat price action. The AVL token traded at above $0.30, entering a turbulent period of hype. AVL is still down from its all-time peak of $0.75, achieved on March 10. Avalon Labs had a vertical rally, reaching a one-month peak above $30. | Source: Coinmarketcap AVL tokens have been trading since February when the airdrop was completed. Currently, only 16.6% of AVL tokens are unlocked, with multiple new token releases expected in the coming months. Around 161M AVL are in circulation out of the total supply of 1B tokens. AVL still depends mostly on PancakeSwap and other DEX. The involvement of Yzi Labs suggests AVL may gain more attention as part of the Binance ecosystem. AVL is an Ethereum-based token and will be an improbable selection for Binance Alpha, but the involvement of Yzi Labs may lead to more listings and support for AVL. Avalon Labs taps Bitcoin DeFi trend Avalon Labs is part of the Bitcoin DeFi trend, offering on-chain trading and lending with BTC as collateral. Avalon’s trading product is fully on-chain, transparent, and accessible to anyone. Avalon Labs already locks in $1.22B, down from over $2B in January. So far, the protocol carries $46.91 in collateralized loans. Despite the recent BTC rally, Avalon Labs operates at a smaller scale compared to Babylon Labs. As with other protocols, the value locked sometimes decreases with the end of the airdrop program. Bitcoin’s DeFi ecosystem has grown its value locked to $6.69B, led by Babylon Labs. Of…
The post Avalon Labs AVL token rally after Yzi Labs announces investment appeared on BitcoinEthereumNews.com.
Avalon Labs (AVL) rallied by over 30%, rising vertically to a one-month high. The asset gained attention after Yzi Labs announced Avalon Labs as its next investment. Yzi Labs (formerly Binance Labs) announced its next investment project. After the news, the native AVL token rallied by over 30%, going vertical after weeks of flat price action. The AVL token traded at above $0.30, entering a turbulent period of hype. AVL is still down from its all-time peak of $0.75, achieved on March 10. Avalon Labs had a vertical rally, reaching a one-month peak above $30. | Source: Coinmarketcap AVL tokens have been trading since February when the airdrop was completed. Currently, only 16.6% of AVL tokens are unlocked, with multiple new token releases expected in the coming months. Around 161M AVL are in circulation out of the total supply of 1B tokens. AVL still depends mostly on PancakeSwap and other DEX. The involvement of Yzi Labs suggests AVL may gain more attention as part of the Binance ecosystem. AVL is an Ethereum-based token and will be an improbable selection for Binance Alpha, but the involvement of Yzi Labs may lead to more listings and support for AVL. Avalon Labs taps Bitcoin DeFi trend Avalon Labs is part of the Bitcoin DeFi trend, offering on-chain trading and lending with BTC as collateral. Avalon’s trading product is fully on-chain, transparent, and accessible to anyone. Avalon Labs already locks in $1.22B, down from over $2B in January. So far, the protocol carries $46.91 in collateralized loans. Despite the recent BTC rally, Avalon Labs operates at a smaller scale compared to Babylon Labs. As with other protocols, the value locked sometimes decreases with the end of the airdrop program. Bitcoin’s DeFi ecosystem has grown its value locked to $6.69B, led by Babylon Labs. Of…
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