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.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Crypto Market Crash Deepens as $1 Billion in Bitcoin, ETH, XRP, Altcoins Liquidated
- Bitcoin Price Crash to $89K, Last Chance to Buy Under $90K, Says Gemini Co-Founder
- XRP Gets Major Boost as Four Spot ETFs Prepare for Launch This Week
- Breaking: Solana ETFs by Fidelity and Canary Marinade to Launch on Tuesday
- Just-in: White House Reviews IRS Proposal To Tax US Citizen’s Outbound Crypto Holdings
- Will MOODENG Reach $0.1 and MEW Hit $0.002 After Robinhood Listing?
- What’s Next for Cardano Price After Breaking Below Key Support Level?
- Pi Coin Price Could Jump 30%, But There’s a Catch
- Expert Sees XRP Price Rally if it Holds Key Support Ahead of Ripple ETF Launch
- Chainlink Price Eyes Breakout as Whales Scoop 150K $LINK
- Top Analysts Predict How Low Bitcoin Price Might Fall?
