eToro's Yoni Assia Confirms Avalanche Partnership as Zengo Opens Chain to 2M Users
eToro CEO Yoni Assia publicly acknowledged a partnership with Avalanche on Nov. 5, a post avalanche-foundation amplified, with no product, scope or timeline disclosed. The nod followed confirmation that Avalanche is live inside Zengo, eToro's self-custodial wallet, reaching more than 2 million registered users.
Key Highlights
eToro CEO Yoni Assia publicly acknowledged a partnership with Avalanche on Nov. 5; avalanche-foundation amplified the post, with no product, scope or timeline disclosed.
Avalanche is accessible to more than 2 million registered users through Zengo, the self-custodial wallet owned by eToro, per a Nov. 4 confirmation welcomed by team1-brasil.
team1-brasil shared that 2,000 US community banks can now sell loan portfolios on Avalanche via FIS and Intain.
The Avalanche Foundation published a three-pillar economics research agenda — Measure, Capture and Distribute — on Nov. 4.
Avalanche TVL stood at $574.4M with $78.39M in 24-hour DEX volume; $WAVAX fell 4.2% and $BTC.b 5.3%.
Full Analysis
Crypto traded under risk-off pressure as a $3 trillion Wall Street wipeout and a tech rout pulled roughly $530 million out of Bitcoin and Ether ETFs in a single day, with Bitcoin recovering $76,000 but staying capped by service inflation and fading rate-cut expectations. On Avalanche, the story was distribution rather than price: eToro CEO Yoni Assia publicly acknowledged a partnership with the chain, and the network's reach inside eToro's wallet business came into focus.
eToro Ties Come Into View
Assia acknowledged the partnership with Avalanche on Nov. 5, a post the official avalanche-foundation account amplified. No product, scope or timeline was disclosed. The acknowledgment landed a day after Avalanche confirmed it is accessible to more than 2 million registered users worldwide through Zengo, the self-custodial wallet owned by eToro. team1-brasil welcomed the integration and retweeted Zengo's announcement alongside posts from Pumpfun and Empowr.
The two disclosures arrived in sequence but remain distinct: Zengo is a live integration, while Assia's post confirmed a relationship without describing what it covers.
Banking Rails and Tokenized Credit
team1-brasil also shared that 2,000 US community banks can now sell loan portfolios on Avalanche through FIS and Intain. The claim, posted Nov. 4, points to loan-portfolio sales as a use case reaching community banks via two established financial-infrastructure vendors.
On the research side, the Avalanche Foundation published an economics agenda on Nov. 4 built on three pillars — Measure, Capture and Distribute — covering how value is produced, retained and returned to the ecosystem. team1-brasil amplified the work of the foundation's lead economist on Nov. 5, framing it around neobanking growth and network value capture.
AI Settlement and Fan Loyalty Go Live
FinchTechAI said its skill, agent and task settlement layer is now live on Avalanche, a launch avalanche-foundation amplified on Nov. 4. The infrastructure targets settlement for AI agents and the tasks they perform.
In sports, the NHL's Tampa Bay Lightning launched Bolts Rewards on Avalanche, a points program built by Uptop, a Rain company, letting fans earn and redeem rewards for games, merch and experiences. The Cleveland Cavaliers' Brandon Jirousek reported a 21% lift in partner spend and a 51% lift in the online team shop from the Avalanche-built Uptop loyalty platform, according to a Nov. 3 report.
Builders, Meetups and Institutional Stage Time
Team1 Vietnam's UniHack 2026 opened Nov. 2 with close to 600 registrations, more than 20 university media partners and MEXC Vietnam as sponsor of the 30-day build program. Ava Labs Chief Business Officer John Nahas joined Anthony Scaramucci at SALT London on Nov. 4 to discuss why institutions choose Avalanche's customizable blockchain infrastructure.
team1-usa hosted Team1 Break Episode 04, "Redemption Arc," on Nov. 4, featuring founders from MyCrypt0world and TradingAloha alongside an Avalanche recap. team1 flagged the Aave V4 deposit milestone above $125M, the Engine RWA onchain strategy protocol launch and a Team1 builder meetup in Bolivia, while team1-brasil hosted a Brazil Connect blockchain introduction in Aparecida de Goiânia on Nov. 3.
Market Snapshot
Avalanche's chain TVL stood at $574.4M, with 24-hour DEX volume of $78.39M. Aave V3 held $277.59M on Avalanche and Uniswap V3 $4.72M. $WAVAX fell 4.2% and $BTC.b 5.3% over the period, with $PNG down 3.9%.
The week's throughline was reach: a wallet integration counted in millions of users, a banking channel counted in thousands of institutions, and a CEO acknowledgment that has yet to be filled in with a product. What comes next is the substance behind Assia's post — and whether the Zengo integration converts its registered base into on-chain activity as macro conditions stay hostile.