Cryptocurrency News

Ava Labs raises $350M at $5.25B valuation: Report

04/14/2022

Less than a minute

2022.04.14 20:06

Ava Labs raises $350M at $5.25B valuation: Report

According to a report published by Bloomberg on Thursday, Ava Labs is en route to raising a new round of funding for $350 million at a valuation of $5.25 billion. Details of the agreement have not been made public. Ava Labs is the lead developer of the Avalanche (AVAX) blockchain.

The total value locked, or TVL, on AVAX currently sits at $14.6 billion, according to data from DeFi Llama. Decentralized finance, or DeFi, borrowing and lending protocol Aave accounts for 33.72% of the market share on the blockchain.

04/14/2022

Less than a minute

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