Share this article
Ava Labs Set to Raise $350M at $5B Valuation: Report
The valuation would put the blockchain builder in the upper echelons of the crypto world by that measure.
Updated May 11, 2023, 4:05 p.m. Published Apr 14, 2022, 9:24 a.m.
Ava Labs, builder of the Avalanche blockchain, is raising a funding round that would give it a $5.25 billion valuation, according to a Bloomberg report Thursday.
- The Brooklyn, N.Y.-headquartered startup is raising $350 million, according to the report, which cited people familiar with the discussions.
- A $5.25 billion valuation would place Ava Labs in the upper echelons of most valuable crypto startups in the world, though it would be still some ways behind the likes of Ethereum scaler Polygon, which is worth $20 billion as of its recent funding round, and USDC stablecoin backer Circle, which was valued at $9 billion in February.
- Like several other blockchains, Avalanche is looking to draw projects and applications away from the Ethereum blockchain with the promise of high speeds and low transaction fees. Specifically, Avalanche offers "subnet" functionality, where application-specific blockchains can be spun up at scale.
- Ava Labs didn't immediately respond to a request for comment.
Read more: Avalanche-Based Blockbuster Game Shrapnel Completes $7M Token Sale
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Pye Finance Raises $5M Seed Round Led by Variant and Coinbase Ventures
The platform aims to make locked Solana staking positions tradable via an onchain marketplace.
What to know:
- Pye Finance raised a $5 million seed round led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent and Gemini.
- The startup is building an onchain marketplace on Solana for time-locked staking positions that can be traded.
- Pye says the product targets Solana’s large pool of staked SOL, worth roughly $75 billion, and aims to give validators and stakers more flexibility over terms and reward flows.
Top Stories
