In a major announcement, decentralized lending platform Avalaon Labs completed its $1.88 million buyback and burn of its native AVL token. The recent development is part of the platform’s ongoing strategy to enhance long-term value for holders and strengthen the ecosystem. Soon after the announcement, the AVL token price shot up 9% earlier today, to $0.15.
Avalon Labs Burns 37% of AVL Token Circulating Supply
On September 10, Avalon Labs announced the completion of $1.88 million AVL token buyback and burn, eroding a massive 37% of the circulating supply from the market.
The company said it deposited 1.88 million USDT on Bybit beginning in June 2025, purchasing AVL at an average price of $0.1347. In total, 13,955,164 AVL tokens were repurchased and permanently removed from circulation.
Avalon Labs funded this entire plan through its monthly protocol revenue. Since June 2025, Avalon Labs has burned a cumulative 93,955,164 AVL, representing 37% of the circulating supply, as per data from BSC Scan. The firm said it remains focused on expanding its role as a leading on-chain capital market for Bitcoin and will continue exploring sustainable mechanisms to support long-term ecosystem growth.
“We remain committed to advancing our mission of building the leading on-chain capital market for Bitcoin, and will continue to explore sustainable mechanisms to strengthen the Avalon ecosystem,” noted Avalon Labs.
Earlier this year, crypto exchange Bybit integrated Avalon’s BTC Lending protocol as a bridge between centralized finance (CeFi) and decentralized finance (DeFi).
AVL Price Jumps 9% Today
Following the announcement related to token burning, AVL price shot up by 9% today, shooting to $0.15. Despite this, the AVL token is still trading at a 70% discount from its peak of $0.70. The daily trading volume has also surged 9%, moving above $25 million.
Earlier this year, in May, AVL token secured investment from Binance-backed YZi Labs. Yzi Labs’ participation indicates that AVL could attract greater visibility within the broader Binance ecosystem. However, as an Ethereum-based token, AVL remains an unlikely candidate for inclusion in Binance Alpha
Avalon’s native crypto AVL, has been trading since February following the completion of the airdrop. At present, just 16.6% of the supply is unlocked, with several scheduled releases set for the coming months. Of the 1 billion total supply, roughly 161 million AVL are currently in circulation.
Bhushan Akolkar
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets.
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Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
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