On January 9, Avalon Labs officially announced that it will soon enter the TGE (Token Generation Event) phase and launch its governance token AVL. As an ERC-20 token, AVL will power the long-term sustainability of the Avalon Labs ecosystem, aimed at empowering community members to participate in ecological governance and decision-making. It is reported that the AVL token plays a crucial role in the governance mechanism and will also provide multiple practical functions for holders. Airdrop registration will soon open, with more details and airdrop claim information to be announced shortly. As a leading financial infrastructure platform in the BTCFi space, Avalon Labs has surpassed $2 billion in total locked value (TVL), maintaining its leading position in the industry. In 2024, Avalon Labs successfully completed a $10 million Series A funding round led by the renowned venture capital firm Framework Ventures, further consolidating its strength in the crypto finance sector.