Avalon Labs has burned 80 million AVL, accounting for 44% of the circulating supply (total supply 6%)
Valued at 16 million USD!!
Burning tokens leads to currency deflation, indirectly rewarding long-term holders.
However, that's not the main point; the key issue is how the prospects of Avalon’s BTCFi business look. This is the foundation for the future value of the token.
Recently, two news items caught my attention:
1. @yzilabs invests in Avalon
2. @SuiNetwork has repeatedly stated this year that they want to vigorously develop BTCFi, with over 5 related projects laid out.
✅ It seems that top public chains and investors are still enthusiastic about BTCFi.
So why is institutional interest in BTC finance still high? ❓
It's because web2 institutions and companies are crazily buying BTC, often allocating 1%, 2% of their total holdings...
Some positions will definitely choose to stake BTC for "lending," borrowing liquidity to invest.
This is a reasonable assumption; it’s unlikely that BTC will just sit in wallets or custodians.
Instead, BTC is treated as a base asset, with more financial plays and operations built on top of it, creating immense business opportunities! ❗️
✅ Whoever can first position themselves in BTC finance will be able to enjoy the largest piece of the pie in the future.
Avalon Labs has officially burned 80M $AVL, representing 44% of the circulating supply.
These unclaimed airdrop tokens, worth approximately $16 million, have now been permanently removed from circulation. Over the past year, a total of $20M worth of $AVL has been claimed by more than 100,000 Avalonians. We’re proud to have our users, supporters, and believers as key stakeholders in Avalon Labs. As $AVL enters a deflationary cycle, more value will be unlocked, aligning long-term incentives and strengthening the foundation of our ecosystem. Thank you for your continued support.
This burn isn't the end, it’s the beginning. Today, we launch a new phase: Business Expansion.
Expect more. Avalon moves forward.
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