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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.

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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.

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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.

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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 FeaturePerpetual 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

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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.

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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

Glossary

daily trading volume

Pump.

decentralized finance

Definition ∞ Decentralized finance, often abbreviated as DeFi, is a system of financial services built on blockchain technology that operates without central intermediaries.

perpetual futures trading

Kraken's new perpetual futures platform enhances market access and refines risk management protocols for broader participant engagement.

asset offerings

New SEC proposals for crypto trading, custody, and offerings demand strategic review of operational frameworks to ensure compliance and market certainty.

token

Definition ∞ A token is a unit of value issued by a project on a blockchain, representing an asset, utility, or right.

evm

Definition ∞ The EVM is the computational engine for Ethereum.

trading volume

Pump.

total value locked

This research establishes a universal, game-theoretic definition for Maximal Extractable Value, fundamentally reframing economic attacks within public blockchains for systematic mitigation.

perpetual futures

Definition ∞ Perpetual futures are derivative contracts that allow traders to speculate on the future price of an asset without an expiration date.

capital

Definition ∞ Capital refers to financial resources deployed for investment, operational expenditure, or the facilitation of economic activity within the digital asset sector.

leverage

Definition ∞ Leverage is a trading technique that allows investors to control a larger position in an asset with a smaller amount of capital.

diverse asset

This survey illuminates how Zero-Knowledge Proofs fundamentally reshape computational integrity and privacy across distributed systems, enabling secure, data-private interactions.

application layer

Solana introduces modular, L1-integrated network extensions, providing bespoke execution environments that enhance specialization without fragmenting core liquidity.