**Avalon Labs Reaches Record $442M in TVL After Rebranding and CeDeFi Launch**
Avalon Labs, formerly known as Avalon Finance, has seen significant growth since its rebranding and April launch. The decentralized finance (DeFi) lending platform's total value locked (TVL) hit a record $442.5 million on September 14, marking a $100 million increase in just ten days. This milestone places Avalon among the top 50 largest DeFi apps by TVL.
The rebranding reflects Avalon's recent introduction of Avalon CeDeFi, a hybrid platform combining traditional finance compliance with blockchain efficiency. The Bitcoin-focused CeDeFi platform offers an 8% fixed rate and flexible repayment options, with a total supply of $82 million in the FBTC/USDT pool.
Avalon Finance, the flagship app, supports eight chains and is the largest DeFi app on Bitlayer by TVL.