- AVL exceeded the BTC turnover Bithumb and reached $ 36.47 million in the 24 hours after the list.
- Avalon Labs extends its system with USDA and a Bitcoin-secured credit fund to integrate Defi into Tradfi.
Nobody had expected AVL, the Avalon Labs Governance token, to step into the spotlight so quickly. AVL rose by more than 83 %as soon as it was noted on Bithumb, the second largest cryptocurrency market in South Korea, and rose by $ 0.76 before there was a correction.
AVL exceeds Bitcoin sales with a strong start
AVL showed an astonishing trade volume in addition to an increasing price. AVL even exceeded Bitcoin’s trading volume to Bithumb and reached $ 36.47 million 24 hours after listing. In view of the fact that Bitcoin traditionally has the largest trading volume on various stock exchanges, this is not a small performance.
The ecosystem that builds Avalon Labs is one of the main reasons why AVL is so popular. The company develops USDA, a stablecoin based on Bitcoin. With a 1: 1 connection to the US dollar, USDA promises stability and also generates fresh liquidity for the Bitcoin Defi market.
Expand horizons: Avalon’s plans go beyond stablecoins
What about the initiatives on which AVL works if you can rise like this due to a listing? Avalon Labs focuses on Bitcoin tablecoins, but also has more ambitious ideas. In February, CNF reported that Avalon Labs expressed plans to open the first debt fund supported by Bitcoin for the sector. With this measure you expand the spectrum of your crypto offers beyond USDA.
Avalon even plans to submit this product as part of Regulation A of the US Securities and Exchange Commission (SEC), which will enable wider access for small investors.
Bridging between Defi and Tradfi with Bitcoin
Avalon Labs has also announced its timetable for 2025. The main focus? The integration of Bitcoin into the general financial system. Your goal is not only the creation of Bitcoin-based financial instruments, but also the connection of defi protocols with traditional financial services.
In view of the numerous legal obstacles and the hurdles that stand in the way of the introduction of Bitcoin, this is a daring undertaking. However, Avalon seems to believe that Bitcoin serves as the basis for a more open and decentralized financial system and not only as a speculative asset, which is why it is of greater importance in the financial sector.
Beyond the climb: What’s next for AVL?
AVL is obviously not an ordinary cryptocurrency, with an amazing price tip and a trading volume that Bitcoin exceeds on Bithumb. Nevertheless, the question arises whether it is only a fashion appearance or whether there are solid principles that drive its expansion forward.
AVL has the potential to become a major market participant if Avalon Labs can implement all its plans-from USDA, a Bitcoin debt fund, to the fusion of defi and traditional banking.
No Comments