This week, the price of Avantis (AVNT) tokens surged dramatically, reaching a peak of $1.56, setting a new all-time high, but the momentum receded on September 16. Since the mainnet launch in February 2024, Avantis has rapidly grown to become the largest derivatives trading platform in the Base ecosystem and the largest DEX (decentralized exchange) in the field of RWA (real-world assets) trading and market making. It allows users to trade cryptocurrencies, foreign exchange, commodities, and indices using stablecoins as collateral, offering leverage of up to 500 times. The rise of Avantis not only showcases the immense potential of synthetic derivatives, decentralized oracles, and composable liquidity protocols but also signals that the Web3 financial revolution is rapidly bringing traditional financial assets into the on-chain world.
- Avantis: The Derivatives Giant and New Favorite Exchange on the Base Chain
Avantis is a perps DEX (perpetual contract decentralized exchange), with its core innovation being the construction of a "universal leverage layer" that allows users to trade various assets such as cryptocurrencies, foreign exchange, commodities, and indices using stablecoin collateral.
Stunning Data: Since the mainnet launch in February 2024, Avantis has processed over $18 billion in trading volume, executing over 2 million trades for more than 38,500 traders. Currently, Avantis has a total locked value (TVL) of $23 million across over 25,000 LPs (liquidity providers) and more than 80 markets, solidifying its position as the center for perps.
RWA Trading Leader: Avantis is not only the largest derivatives trading platform on Base but also the largest DEX in the field of RWA trading and market making. It supports users trading crypto assets like BTC and ETH, as well as non-crypto markets such as the Japanese yen, gold, and U.S. stock indices, including 22 RWA assets.
High-Leverage Trading: Traders can choose leverage of up to 500 times, allowing them to express directional views with minimal capital.
Zero Trading Fees and Incentive Mechanism: Avantis has pioneered a product where traders do not need to pay opening, closing, or borrowing fees. Instead, they only pay a portion of the profits when closing winning trades. Additionally, the protocol offers loss rebates and positive slippage features, adjusting incentives between traders and LPs by returning part of the fees or profits to users, encouraging traders to arbitrage open contracts and stabilize LP exposure.
- AVNT Token: Launch on Major Exchanges, Price Surge Ignites the Market
The AVNT token launched on major exchanges such as Binance, Upbit, and Bithumb on September 15, causing the price to soar over 80%, reaching $1.56 and setting a new all-time high, with daily trading volume exceeding $1.5 billion.
Upbit Takes the Lead: Upbit was the first to announce, officially opening trading at 1:30 PM on September 15, supporting trading pairs in Korean won (KRW), Bitcoin (BTC), and USDT. Upbit specifically reminded users that deposits and withdrawals are limited to the Base network, with the official contract address being "0x696F9436B67233384889472Cd7cD58A6fB5DF4f1"; funds will not be credited if using unsupported networks.
Bithumb Follows Suit: Bithumb subsequently announced that it would open AVNT trading at the same time, setting the reference price for the first day at 1,140 KRW.
Binance Confirms Listing: Binance also confirmed the listing, providing trading pairs with USDT, USDC, and Turkish lira (TRY), officially opening spot trading at 2 PM on September 15, UTC+8, while marking it with a Seed Tag (early project risk warning label) to remind investors of the risks.
Airdrop Effect Fuels Momentum: AVNT had just held its token generation event (TGE) last week, releasing 12.5% of the total supply as an airdrop, significantly boosting early price effects. Within just a few days, it has been listed on mainstream platforms such as Coinbase, Bybit, Gate, Bitget, and KuCoin, and subsequently gained support from three more exchanges, rapidly expanding market coverage and liquidity, with investor interest continuing to rise.
- Avantis Architecture: A Capital-Efficient Synthetic Engine
At the core of Avantis is a capital-efficient synthetic engine. It does not rely on traditional order book matching but pairs each trader with the USDC treasury that bears the other side of the trade.
USDC Treasury: This treasury aggregates deposits from thousands of LPs and acts as a single counterparty. This structure allows the protocol to provide deep liquidity across many markets without needing separate liquidity pools for each currency pair, enabling Avantis to list over 80 markets.
Risk Management: Avantis introduces risk portions and time-lock parameters, allowing LPs to choose their preferred risk exposure. LPs can passively deposit into the senior portion or take on more risk in the junior portion, which has higher return potential but also absorbs a larger share of losses. Additionally, LPs can choose time locks (e.g., 30 days or 90 days) to control the duration of their capital investment, with longer locks generating more fees. This design mimics the concentrated liquidity model of Uniswap v3 while applying it to risk management on a perps trading platform.
Coordination of Interests Between Traders and LPs: Avantis further coordinates the interests of traders and LPs through innovative mechanisms such as loss rebates, positive slippage, and zero trading fees, encouraging traders to help balance the platform's long/short bias and reduce treasury risk.
- $AVNT Token: Balancing Utility and Governance
As the native token of Avantis, $AVNT serves as both a governance token and a utility token, with multiple roles:
Security and Staking: Holders can stake $AVNT in the Avantis security module to support the USDC treasury during extreme market volatility. Stakers can earn $AVNT rewards and trading fee discounts.
Community Rewards: 50.1% of the total supply of 1 billion tokens is reserved for traders, liquidity providers, referrers, and builders who contribute to Avantis. Airdrop 1 (accounting for 12.5% of the supply) will reward protocol activity since February 2024, while on-chain incentives (28.6%) will fund future XP seasons and community contributions. Builders and ecosystem grants (9%) will support the creation of new front-end and trading tools, such as AI agents and Telegram bots.
Governance: Token holders will be able to propose and vote on protocol decisions, from asset listings and fee structures to buyback plans and cross-chain deployments.
The remaining 49.9% of the supply is allocated as follows: team (13.3%), investors (26.61%), Avantis Foundation (4%).
Conclusion:
The successful rise of Avantis is not only a highlight in the Base ecosystem but also a microcosm of decentralized financial innovation in the field of RWA trading and market making. Through its unique synthetic engine, capital-efficient architecture, and mechanisms that coordinate the interests of traders and LPs, it has successfully brought diversified assets such as cryptocurrencies, foreign exchange, commodities, and indices on-chain, offering highly attractive features like high-leverage trading and zero trading fees. With the launch of the $AVNT token on major exchanges and the surge in its price, Avantis is expected to further solidify its leadership position in the Web3 financial space and continue to push the boundaries of RWA trading and market making, providing global users with more efficient, transparent, and inclusive financial services.
Related Reading: A New Way to Play Gold! After Outpacing 45 Years of Inflation, Spot Gold Says Goodbye to the "Easy Win" Era
Original: “Avantis Soars After Major Exchange Listings, How Did Base's Largest Derivatives DEX Rise?”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
