Avalon Labs destroys 93.9 million tokens to help Bitcoin govern the future
Source: CoinWorld
Time: 2025-09-10 15:02:00
Avalon Labs has destroyed 93.9 million AVL tokens to reduce the supply of its Bitcoin-backed governance tokens and increase its value. The move supports its broader strategy in the on-chain finance sector, including lending, stablecoins and earning products, while increasing community engagement through decentralized governance. The destruction of the token aims to enhance scarcity and long-term growth, consistent with the growing institutional adoption of Bitcoin as a financial asset.