Avantis (AVNT) shot to a historical record high of $0.4600, subsiding to $0.4397. The volume of the token increased 127.62% within 24 hours to reach the mark of $291.16 million. This is a very high figure as compared to its market capitalization of $89.92 million. It also increased its fully diluted valuation to $439.23 million, indicating that there is an increasing demand in the Base Blockchain ecosystem.
Coinbase and Aerodrome Finance dominate the trading volume. This is important, as Avantis is among the biggest Base protocols. The network, owned by Coinbase, provides both liquidity and visibility. The next catalyst could be a listing on Binance or Upbit. Historic tier-1 listings have helped to drive price increases in additional assets.
According to the Nansen data, the smart money wallets currently contain 1.14 million AVNT tokens. This is a steep rise after the airdrop earlier this week. Whale holdings had also increased to over 1.27 million tokens. This given activity implies good accumulation tendencies. This is appreciated by investors as a positive indication of future price movement.
Source: Nansen
In perpetual futures, Avantis and Hyperliquid have established a competition. It allows trading leveraged cryptocurrencies and tokenized stocks at low fees. In August, the platform managed a perpetual trading volume of $4.7 billion. According to DefiLlama, this was slightly lower than the yearly high of $4.85 billion. The information supports its increased participation in derivatives trading.
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Avantis has already recorded $1.8 billion in activity for September. This elevates it to the leading player on Base, which recorded $11.8 billion in perpetual futures in July. The rise in network activity highlights the significance of widespread adoption. Traders are increasingly favoring Avantis as a reliable platform with expanding liquidity.
CoinGlass data shows that the trading volume increased by 88.01% to $799.63 million. Open interest also rose 36.37 percent to $39.32 million. The OI-weighted funding rate closed at -0.0074%. These are healthy market participation figures. The level of leverage in positions is balanced as well.
Source: CoinGlass
Avantis is gaining traction among investors and traders. The rise in volumes, whale accumulation, and dominance inside Base enhance its future. Prices may continue to change, but the fundamentals are positive. In case of a tier-1 exchange listing, Avantis may continue its growth trajectory. The tendencies in the current market indicate the growing reach of the crypto derivatives sphere.
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