Challenge

Avail is a chain-agnostic modular stack enabling rollups and appchains to scale efficiently. The network has secured over 580k+ transactions for 285k+ accounts in total. To continue its expansion, it needed a robust cross-chain transfer solution that:

• Avoided traditional transfer drawbacks like slippage and MEV risks.
• Ensured low gas fees in order to facilitate adoption on new chains.
• Provided continued control over token supply and functionality.
• Diminished the potential for liquidity fragmentation.
• Didn’t compromise on security and decentralization.

A strategic approach towards ecosystem expansion would play a crucial role in Avail's growth.

Solution

Wormhole’s Native Token Transfers (NTT) solution guaranteed AVAIL and stAVAIL could be seamlessly transferred to Base. It transformed AVAIL and stAVAIL into native multichain tokens, supporting Avail’s vision of having an interoperable ecosystem.

Avail was able to:

• Maintain complete control over token features like transfer limits and governance rights when it launched on Base.
• Enjoy precise supply management across chains using NTT's automatic burn-and-mint mechanisms, eliminating supply fragmentation.
• Diminish the potential for liquidity fragmentation that results from a reliance on liquidity pool mechanisms for cross-chain transfers
• Offer users significantly reduced fees compared to traditional liquidity pool methods.
• Provide a unified experience with minimal friction, transferring assets near-instantly at low costs.
• Create an optimal foundation for AVAIL's multichain presence and future DeFi integrations.

These advantages came at no security or decentralization costs for Avail.

Results

Since integrating Wormhole NTT on November 26, 2024, Avail’s token holders on Base grew to 1,500 within the first two weeks and are currently 9,249.

AVAIL is already actively integrated into DeFi primitives after expanding to Base with NTT. This includes an AVAIL-USDC pool on the Aerodrome DEX that accumulated ~$2.5M+ TVL and $6M+ trading volume within the first two weeks of launch and has generated a total trading volume of ~$50M USD so far.

Avail also received positive feedback from its community which was looking forward to doing more with the token. Receiving rewards seamlessly on the Base ecosystem was an appreciated addition to AVAIL’s utility besides staking on Avail Mainnet.