NewsletterCoinbase-Backed Avantis (AVNT) Token Surges Another 80%, Here’s Why
Highlights
- Coinbase Avantis (AVNT) token soars more than 80% today, extending rally to over 350% in just a week.
- South Korea's crypto exchanges Upbit and Bithumb announces support for AVNT listing.
- Avantis gains demand amid the tokenization trend in the global markets.
AVNT, the native crypto token of crypto and RWA perpetual DEX Avantis, skyrocketed an additional 80% on Monday, extending its massive run in a week. This comes as South Korea’s largest crypto exchanges list the token, following Coinbase, Binance, and Bybit.
Avantis (AVNT) Token Soars Over 80% After Upbit and Bithumb
Avantis continues to gain massive demand from investors as the tokenization trends see massive growth. Avantis is the largest RWA perpetual DEX built on the Base network and backed by Coinbase and Pantera Capital. The exchange serves as a universal leverage layer to trade crypto and RWA with up to 500x leverage and zero fees.
South Korea’s largest crypto exchange Upbit announced AVNT listing on September 15. The crypto exchange listed the token in KRW, BTC, and USDT pairs.
The 2nd largest South Korean crypto exchange Bithumb follows and announces its support for listing Avantis’ AVNT token. The exchange to list the AVNT in KRW trading pair.
The token is available for trading immediately after the announcement. Also, exchange clarified that users can only deposit and withdraw AVNT through the Base network.
The latest listings caused AVNT token to skyrocket more than 80% to surpass $1.5 mark today. Leading crypto exchanges Coinbase, Binance, and Bybit listed the token last week, which saw a 350% jump in prices.
Avantis Futures Jumps Over 105%
At the time of writing, AVNT is trading at $1.43, up more than 80% in the last 24 hours. The 24-hour low and high are 0.7305 and $1.57, respectively. Furthermore, the trading volume has increased by 147% in the last 24 hours, indicating massive demand among traders.
The total AVNT futures open interest across all crypto exchanges hit $150 million for the first time. It reached a record high of nearly $151 million, up 105% in the past 24 hours.
The derivatives market showed massive growth in the last few hours, as per CoinGlass data. At the time of writing, the 24-hour AVNT futures open interest on Binance, Bybit, and KuCoin jumped by more than 105%, 98% and 113%, respectively.
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