Travala’s AVA token skyrocketed by 300% in just one hour after former Binance CEO Changpeng Zhao (CZ) confirmed Binance’s pre-pandemic investment in the crypto travel platform. The revelation, shared via CZ’s tweet, reignited market interest in Travala, underscoring Binance’s ongoing support for the project.
Key Milestones and Growth Metrics
$100 Million Gross Annual Revenue
Travala recently surpassed $100 million in gross annual revenue, a dramatic increase from $59.6 million in 2023. The platform credits this growth to rising demand for flight and hotel bookings, which users can pay for with 100+ cryptocurrencies, including its native token, AVA.
“We invested in this crypto travel platform pre-COVID, pre-crypto winter, and held on. BUILD.”
— CZ on X
Bitcoin and AVA Reserve Initiative
Travala announced plans to establish a Bitcoin and AVA reserve to bolster innovation in blockchain-based travel. This strategic move aims to enhance industry trust and long-term development.
Travala’s Blockchain-Powered Travel Ecosystem
Company Background
Founded in 2017, Travala.com operates as a decentralized travel booking platform, offering:
- 3+ million travel products (hotels, flights, activities)
- Coverage across 230+ countries
- Crypto payments via AVA, Bitcoin, Ethereum, and others
Innovations in Decentralized Travel
Dtravel Launch (2021)
- A peer-to-peer alternative to Airbnb, rewarding hosts with platform ownership stakes.
- Focused on transparent, community-driven lodging solutions.
Partnerships and Integrations
- Collaborations with major crypto payment gateways to streamline bookings.
Binance’s Expanding Blockchain Portfolio
Recent Binance Labs Investments
- Kernel Partnership: Developing restaking infrastructure on BNB Chain for assets like BNB and BTC.
- BIO Protocol: Funding decentralized scientific research via BioDAOs (e.g., cryopreservation, mental health).
- Lombard: Leading Bitcoin liquid staking platform, controlling 40% of the market.
👉 Explore Binance’s latest blockchain ventures
FAQs
Why did AVA’s price surge 300%?
The spike followed CZ’s disclosure of Binance’s early investment, signaling confidence in Travala’s model.
How does Travala accept payments?
Users can book travel using 100+ cryptocurrencies, including AVA, BTC, and ETH.
What is Dtravel?
Travala’s decentralized competitor to Airbnb, offering hosts equity in the platform.
Final Thoughts
Travala’s integration of crypto payments and Binance’s backing position it as a pioneer in Web3 travel. With plans for a Bitcoin reserve and expanding services, AVA remains a token to watch.