According to Foresight News, the financial infrastructure platform Avalon Labs will enter the TGE (Token Generation Event) phase and launch its governance token AVL. As an ERC-20 token, AVL will power the long-term sustainable development of the Avalon Labs ecosystem, aiming to empower community members to participate in ecological governance and decision-making. The official announcement states that airdrop registration will soon open, with more details and airdrop claim information to be announced shortly.
Currently, Avalon Labs' TVL has exceeded $2 billion, and in 2024, it successfully completed a $10 million Series A funding round led by Framework Ventures, further consolidating its strength in the crypto finance sector.