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Avalon

Bitcoin capital markets platform Avalon Labs burns 80M AVL, slashing circulating supply by 44%
Crypto Trends

Avalon Labs burns 80M AVL, slashing circulating supply by 44%

by admin June 9, 2025



Avalon Labs has burned 80 million AVL tokens, permanently removing them from circulation in a move that reduces the circulating supply by roughly 44%.

Announced on X on June 9, the tokens, worth an estimated $16 million, were mostly unclaimed airdrop allocations from a March 2024 campaign. Avalon framed the burn as the start of a “deflationary cycle” that aligns with long-term incentives.

Avalon Labs has officially burned 80M $AVL, representing 44% of the circulating supply.

These unclaimed airdrop tokens, worth approximately $16 million, have now been permanently removed from circulation. Over the past year, a total of $20M worth of $AVL has been claimed by… pic.twitter.com/GXMWKpmbNF

— Avalon Labs 🎩🔮 (@avalonfinance_) June 9, 2025

Over the past year, more than 100,000 users have claimed $20 million in AVL through the airdrop. The company thanked its users for helping shape the ecosystem and said it remains focused on aligning incentives between the project and its community. 

Token burns are designed to reduce supply, potentially increasing scarcity and price over time. In this case, market response was swift. AVL surged over 18% shortly after the announcement and ranked #1 in futures buys on Bybit. 

Avalon Labs is a financial technology company that is building Bitcoin-backed on-chain capital markets. The platform has already disbursed more than $1.2 billion in overcollateralized BTC-backed loans. To extend this model to institutional clients, it recently obtained a $2 billion credit line from prominent Asian conglomerates.

In addition to lending, Avalon created USDa, the first Bitcoin-backed stablecoin, allowing users to unlock liquidity without selling their Bitcoin (BTC). Through its CeDeFi protocol, Avalon also offers yield-generating savings products.

Users can deposit FBTC, a 1:1 Bitcoin-pegged asset, and borrow Tether (USDT) at fixed rates, funds that are deployed into high-yield strategies via platforms like Ethena Labs (ENA). Avalon operates across 20+ public blockchains and 50+ isolated lending markets, with total value locked exceeding $1.1 billion, as per DefiLlama data.

The burn follows several major developments for Avalon Labs. On May 26, YZi Labs, formerly Binance Labs, announced an undisclosed investment in Avalon, boosting the project’s institutional backing.

And in February, the firm revealed it was exploring a Bitcoin-backed public debt fund under Securities and Exchange Commission oversight, a step that could bring more traditional investors into the crypto credit market.





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June 9, 2025 0 comments
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Skyrim-style open world RPG Tainted Grail: The Fall Of Avalon releases out of early access today
Game Updates

Skyrim-style open world RPG Tainted Grail: The Fall Of Avalon releases out of early access today

by admin May 25, 2025


If you are in the mood to play Skyrim or the recent Oblivion remaster, but you don’t want to play a Microsoft-backed game for, oh, any number of reasons, the word on the grapevine is that open world RPG Tainted Grail: The Fall of Avalon is pretty decent. We don’t have a review as yet, but Khee Hoon Chan called Questline’s previous Tainted Grail: Conquest one of the best games you missed in 2021, and The Fall Of Avalon is currently humming along with an Overwhelmingly Positive Steam user consensus as it prepares to leave early access today. The Steam page also harbours a demo, plus the below, moderately thunderous trailer’s worth of first-person spellcraft, shattered cosmic castles and fishing mechanics.

Watch on YouTube

The Fall Of Avalon is set in another dark reimagining of Arthurian myth, one less abundant in beauty influencers than Tides Of Annihilation. It takes place about 600 years after King Arthur’s fall, in a realm of “unending strife” and plague that is divided into three zones.

The game is said to span 50-70 hours, with over 200 sidequests and an assortment of miscellaneous activities such as decorating your house, farming and “sketchbook journaling”. I sincerely hope that last one is a fully fleshed-out illustration subgame, or at least some kind of fantasy photography mechanic. We need more virtual idylls like Eastshade.

One overarching device is that the world worsens at night – that’s when the Wyrdness, “a chaotic primordial force”, comes out to play, making foes tougher. I too experience Wyrdness at night, but this is generally because I have decided to eat a family-sized bag of Flaming Hot Wotsits. The Fall Of Avalon’s Wyrdness is a touch less gastric in origin. According to the backstory, King Arthur actually ousted it many centuries before during his conquest of Avalon. Now, it’s back with a vengeance.

Fortunately for Avalon, you are an omni-capable RPG everyperson who can go about wyrdo-murdering using any combination of stats, perks and equipment. “Want to be a crazy alchemist-berserker punching enemies to death? Sure,” promises the Steam blurb. “A mystical blacksmith-mage summoning undead hordes? We’ve got you covered. A stealthy archer lurking in the shadows? Say less – this is the game for stealth archer enthusiasts.” Cry more, Thief.

I’m not keen on everything I’ve read about the game. There’s talk of a “mature, morally grey story”, for example. “Mature” and “morally grey” are terms used by rosy-cheeked children to describe the act of lying about whether they’ve brushed their teeth. Between that and the boilerplate industry talk of “limitless playstyles”, “meaningful choices” and “love letters” to the Elder Scrolls-style RPG genre, I doubt this will be very surprising on the whole.

Still, I quite enjoy the art direction’s core theme of “everlasting autumn”, and I like the environment design’s somewhat Fromsofty sense of rot. Did I mention there’s a plague? It’s called the Red Death. A bunch of priests are searching for a cure by means of torturous experimentation upon victims who are slowly transforming into monsters. Perhaps it’s the Flaming Hot Wotsits talking, but that sounds like just the thing for a Friday night. Let us know if you’ve played this and Have Thoughts.



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May 25, 2025 0 comments
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