
Briefing
Avantis has launched its perpetual futures exchange on the Base network, marking a significant expansion of on-chain derivatives trading capabilities for cryptocurrencies and real-world assets. This deployment establishes Avantis as a leading leverage DEX within the Base ecosystem, attracting substantial early traction with over $200 million in daily trading volume and a Total Value Locked (TVL) of $22.5 million shortly after its token generation event and subsequent listings across major exchanges.

Context
The decentralized finance landscape previously exhibited a notable gap in comprehensive on-chain perpetual futures platforms offering broad exposure to diverse asset classes beyond cryptocurrencies. Users encountered fragmented liquidity, limited options for real-world asset (RWA) leverage, and often faced opaque fee structures that hindered strategic trading. This environment presented a clear need for an integrated platform capable of abstracting away complexity while expanding market access and optimizing user incentives.

Analysis
Avantis significantly alters the application layer by establishing a universal leverage layer on Base, enabling perpetual futures trading across cryptocurrencies, forex, metals, equities, and commodities. This platform introduces an innovative “Zero-Fee Perps” (ZFP) model, where traders incur fees only on winning trades, fundamentally reshaping user incentive structures and potentially driving higher engagement. Its architecture on Base, an EVM Layer 2 solution, ensures Ethereum-level security while benefiting from reduced costs and increased transaction throughput.
The ability to trade exotic RWA assets on-chain, combined with leverage up to 500x on crypto and 1000x on forex, positions Avantis to capture significant market share by addressing unmet demand for sophisticated, capital-efficient trading venues. Competing protocols face pressure to diversify their asset offerings and re-evaluate their fee models to retain users seeking comprehensive leverage solutions.

Parameters
- Protocol Name ∞ Avantis
- Native Token ∞ AVNT
- Underlying Blockchain ∞ Base (EVM Layer 2)
- Initial Daily Trading Volume ∞ $200 Million
- Initial Total Value Locked (TVL) ∞ $22.5 Million
- Key Feature ∞ Perpetual futures trading on cryptocurrencies, forex, metals, equities, commodities
- Funding ∞ $8 Million Series A led by Founders Fund and Pantera Capital
- Token Supply & Airdrop ∞ 1 Billion total AVNT tokens, 51% allocated to community, 12.5% distributed in initial airdrop to over 65,000 wallets
- Maximum Leverage ∞ Up to 500x on crypto, 1000x on forex

Outlook
Avantis is poised to become a foundational building block for advanced DeFi strategies on Base, given its broad asset coverage and innovative fee structure. The platform’s commitment to expanding RWA exposure on-chain suggests a roadmap focused on deepening liquidity and integrating further real-world financial primitives. Its early success and backing from prominent venture capital firms indicate a strong potential for competitors to emulate or fork its core features, particularly the ZFP model and diverse asset offerings. This innovation could catalyze a new wave of derivatives protocols prioritizing capital efficiency and expansive market access, thereby solidifying Base’s position as a hub for sophisticated on-chain finance.

Verdict
Avantis’s launch as a multi-asset perpetual futures DEX on Base, coupled with its innovative fee structure and significant institutional backing, establishes a new benchmark for on-chain leverage and real-world asset exposure within the decentralized application layer.
Signal Acquired from ∞ CoinCarp