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Avalon Labs will be deployed on the IoTeX platform to expand DePIN asset services
According to BlockBeats, on October 17, BTC ecological lending protocol Avalon Labs announced that it will be officially deployed on the DePIN modular platform IoTeX to expand service support for DePIN assets. The current TVL in the Avalon protocol has exceeded US$700 million.
The integration with IoTeX will help Avalon explore more possibilities in the DePIN field and bring a large amount of BTC assets into the IoTeX ecosystem. Avalon Labs has previously received investments from SNZ capital, Martrixport and other institutions.
Since IoTeX announced its 2.0 DePIN modular strategy in July, IoTeX’s influence in the DePIN space has continued to grow, with the DePIN Summit it hosted during Singapore 2049 attracting over 5,000 participants.
The integration with IoTeX will help Avalon explore more possibilities in the DePIN field and bring a large amount of BTC assets into the IoTeX ecosystem. Avalon Labs has previously received investments from SNZ capital, Martrixport and other institutions.
Since IoTeX announced its 2.0 DePIN modular strategy in July, IoTeX’s influence in the DePIN space has continued to grow, with the DePIN Summit it hosted during Singapore 2049 attracting over 5,000 participants.
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