According to the latest data from Bijie.com on November 18, the total locked value (TVL) of Avalon Labs has exceeded 1.5 billion US dollars, and the locked value of its Bitcoin stablecoin USDa has exceeded 500 million US dollars just one week after its launch. As the leading project of BTCFi financial infrastructure, Avalon Labs aims to release more Bitcoin liquidity through Bitcoin stablecoins and inject new vitality into the BTCFi ecosystem. Avalon Labs is the leading financial infrastructure platform in the BTCFi field, currently managing approximately 16,667 Bitcoins. Avalon Labs won the championship in the second round of the BNB incubation program and was successfully selected for the MVB8 Season 8 accelerator program.