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Top 3 cryptocurrency price predictions: BTC, ETH, and XRP pause before a key resistance zone
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opBNB completes Fourier hard fork, reduces block time to 250ms
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Gate Square New & Returning Creator Rewards are ongoing!
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Avalon Labs acquisition and burned 13.95 million AVL worth 1.88 million USD
Avalon Labs has completed the acquisition and burning of 13.95 million AVL tokens with a total value of 1.88 million USD, carried out on Bybit since June 2025 at an average price of 0.1347 USD/AVL.
All capital comes from monthly protocol revenue, reflecting the stable usage level of the platform. As of now, Avalon has burned a total of 93.95 million AVL, equivalent to 37% of the circulating supply.
This move demonstrates a long-term commitment to increasing sustainable value for the AVL community and ecosystem.