🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
Time to prove if you’re a true Gate veteran!
💰 Join the challenge — 5 lucky winners will share $50 in GT!
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🗓️ Deadline: October 8, 2025, 24:00 (UTC+8)
Avalon Labs acquisition and burned 13.95 million AVL worth 1.88 million USD
Avalon Labs has completed the acquisition and burning of 13.95 million AVL tokens with a total value of 1.88 million USD, carried out on Bybit since June 2025 at an average price of 0.1347 USD/AVL.
All capital comes from monthly protocol revenue, reflecting the stable usage level of the platform. As of now, Avalon has burned a total of 93.95 million AVL, equivalent to 37% of the circulating supply.
This move demonstrates a long-term commitment to increasing sustainable value for the AVL community and ecosystem.