PANews reported on December 10 that Avalon Labs (formerly AvalonFinance) has officially launched the new generation L1 general blockchain ZetaChain. The two parties will work together to develop the first general lending application to support a seamless cross-chain lending experience for native BTC.
Avalon Labs is a leading DeFi protocol with a total locked value (TVL) of over $1 billion. The first universal application developed with ZetaChain is built on ZetaChain's universal EVM, which can achieve native interoperability with EVM, non-EVM, Bitcoin, and Layer 2 solutions. In addition, with ZetaChain's Gateway technology, users can operate multiple blockchains with one click without switching networks, greatly improving the convenience of cross-chain interaction. Since its launch in 2024, ZetaChain has developed rapidly in the field of chain abstraction, and currently has more than 4 million independent wallet addresses and 156 million transactions.
