Here is Why Avalon Labs (AVL) is Surging Over 83% Today

Avalon (AVL), the native token of Avalon Labs, surged over 83% to hit $0.76 before undergoing a correction. The surge followed its listing announcement on the South Korean-based crypto exchange Bithumb, which boosted market interest and trading activity.

The new listing represents a significant step in expanding Avalon’s ecosystem and accessibility. This follows AVL’s debut on Bybit’s spot trading platform on February 12, 2025, further strengthening its market presence.

Bithumb Announces AVL’s Debut

According to Bithumb’s announcement, AVL is set to debut on the Won market, with trading scheduled to start at 3:00 PM on Friday, March 7, 2025. The token will be supported on the Ethereum network, and deposits via other networks will not be available.

📢 New Listing

🚀 아발론(#AVL) 원화 마켓 추가 안내
🚀 $AVL/KRW will be listed on #bithumb!

🔸 Details : https://t.co/TrJ6ph8hDj #bithumb #AVL @avalonfinance_ pic.twitter.com/eRNif5EVFR

— Bithumb (@BithumbOfficial) March 7, 2025

Additionally, deposits and withdrawals will begin within two hours of the official announcement, requiring 33 confirmations for deposit verification. Bithumb has also set the base price for AVL at 574 won.

Moreover, some restrictions will apply to ensure a stable trading environment. Specifically, buy orders will be restricted for the first five minutes after trading begins.

In addition, selling orders will be restricted for five minutes if the price falls below 90% or exceeds 200% of the standard price. Automatic orders will only be allowed after the first transaction has been executed following the market opening.

AVL Listing Airdrop

Bithumb has planned an airdrop event to celebrate AVL’s listing. Participants who trade AVL for three consecutive days from March 7 to March 9, 2025, will receive a share of a 500,000 AVL reward pool. 

The rewards will be distributed equally among all eligible participants, with the final allocation depending on the number of participants and market conditions. The event will end on March 9 at 11:59 PM, and rewards will be distributed on March 21, 2025.

Avalon Labs’ Ecosystem

Avalon Labs is focused on building a comprehensive on-chain financial hub for Bitcoin (BTC). Central to its ecosystem are two essential tokens, AVL and USDa.

AVL serves as the native governance token, enabling community-driven decisions and providing numerous benefits within Avalon’s ecosystem. Its design prioritizes functionality, emphasizing long-term utility over speculative tokenomics.

Meanwhile, USDa, Avalon’s Bitcoin-backed stablecoin, is fully collateralized by BTC. It offers users a stable, bank-independent on-chain currency, maintaining a 1:1 peg to the US dollar. This structure boosts Bitcoin’s use in decentralized finance (DeFi) by overcoming the traditional limitations it faces in this space.

Building on this, Avalon’s goal is to position USDa as the leading Bitcoin-backed stablecoin, placing it alongside USDT and USDC in fiat-backed markets. With $2 billion in institutional credit lines and a structured collateralization model, Avalon creates a reliable and scalable financial infrastructure for BTC.

Enhancing Bitcoin’s Financial Utility

In addition to USDa, Avalon enhances Bitcoin’s utility by offering fixed borrowing rates and Liquid Staking Derivatives (LSDFi), allowing BTC holders to access liquidity and earn yield without needing to sell their assets. This approach places the firm at the forefront of Bitcoin-backed finance, offering stability and consistent growth in a fast-changing market.

In line with this vision, Avalon merges the benefits of centralized finance (CeFi) with the decentralized nature of DeFi to create a secure, liquid, and sustainable financial ecosystem. Additionally, the fixed borrowing rate, backed by Bitcoin, ensures a predictable financial environment for users engaged with the pioneer cryptocurrency.

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