A few days ago, I was observing @avantisfi. Although I guessed it would likely go live on Coinbase, given that it is the largest perpetual contract exchange on Base, I didn't expect it to happen so quickly. It just launched on Binance and then immediately went live on Coinbase.
Currently, it has accumulated over $20.6 billion in trading volume, with approximately $21 million in TVL, and over 41,000 traders have participated. In the past 24 hours, the trading volume exceeded $180 million, covering categories such as foreign exchange (EUR/USD, USD/JPY, etc.), commodities (crude oil, gold), crypto assets (BTC, ETH, SOL, etc.), indices (SPX, NASDAQ), and US stock perpetuals (coming soon).
Avantis is not only the largest decentralized derivatives platform on the Base chain but is also expanding to become a multi-asset marketplace on-chain, resembling a Web3 version of Tonghuashun or Xueqiu. With the compliance and scalability of the Base chain, along with support from top institutions like Founders Fund and Pantera, Avantis is opening a new gateway for both traditional finance users and crypto traders.
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