Data: Avalon Labs has collected a total of $5.48 million in fees since June.

BlockBeats News, September 2nd, according to DefiLlama data, since June, the cumulative transaction fee revenue of the Bitcoin financial services platform Avalon Labs has reached $5.48 million, with an average monthly transaction fee revenue of about $1.88 million. The platform's current TVL has reached $752 million.

In May of this year, Bitcoin stablecoin issuer Avalon Labs announced the completion of a strategic financing round, led by YZi Labs, with participation from Mirana, CE Innovation Capital, and GSR.