Avalon Labs’ governance token AVL made a prominent debut at the second largest cryptocurrency exchange in Korea.
Following the list, AVL’s 24-hour trading volume rose to $36.47 million, surpassing Bitcoin volume on the platform, ranking it as the third highest trading volume.
Avalon Labs, the company behind AVL, is actively working on developing USDA, a bitcoin-backed stablecoin, as part of a broader Bitcoin rebellion system. The company aims to create a chain of financial hubs for Bitcoin by offering a variety of financial products, including BTC-backed lending, Bitcoin-backed stubcoin, yield-generating accounts, and Bitcoin-backed credit cards.
According to the official website, Avalon Labs aims to create a scalable, transparent, accessible financial network designed to empower Bitcoin holders and expand Bitcoin’s role as a dynamic economic asset.
AVL serves as a governance token for the Avalon Labs ecosystem and plays an important role in community-driven decision-making.
*This is not investment advice.
