[Data: Avalon Labs has accumulated $5.48 million in fees since June] BlockBeats News, September 2, according to DefiLlama data, Bitcoin financial services platform Avalon Labs has accumulated $5.48 million in fee revenue since June, with an average monthly fee revenue of approximately $1.88 million. The platform's current TVL stands at $752 million. In May of this year, Bitcoin stablecoin issuer Avalon Labs announced the completion of a strategic funding round, led by YZi Labs, with participation from Mirana, CE Innovation Capital, and GSR.