AVNT has just broken through the historical high of $1.50, with the two major exchanges in South Korea igniting the market!

The native token AVNT of the RWA perpetual DEX Avantis, associated with crypto assets, surged over 60% in price on September 15 due to two Korean centralized exchanges launching simultaneously, briefly breaking the $1.5 mark before slightly retracing to around $1.34. Driven by market enthusiasm, AVNT's weekly increase has exceeded 200%, and the total amount of futures open contracts has also reached a historic high.

Korean market boosts AVNT surge

With the acceleration of the tokenization trend, Avantis continues to attract global investor attention. The platform is built on the Base network and is currently the largest RWA perpetual Decentralized Exchange, supported by several internationally renowned investment institutions, providing high-leverage trading (up to 500 times) covering Crypto Assets and RWA with no transaction fees.

On September 15, two South Korean cryptocurrency exchanges announced the listing of AVNT, opening trading pairs with Korean Won, BTC, and USDT, and supporting deposits and withdrawals on the Base network. After the news was released, the price of AVNT surged rapidly, with an intraday increase that once exceeded 80%.

The effect of CEX listing continues to ferment

Before entering the Korean market, AVNT completed listings on multiple international CEX exchanges last week, with a price increase of up to 350% in a single week. The addition of the Korean market further expands trading depth and liquidity, attracting more short-term and medium to long-term capital into the market.

Price and trading volume both surged

As of September 15, when this article was written, AVNT reported at 1.34 USD, with a 24-hour pump of over 60%. The intraday low and high prices were 0.7305 USD and 1.57 USD, respectively. According to on-chain and market data, the trading volume surged by 147% in the past 24 hours, indicating that investor demand for the token continues to heat up.

Futures market reaches all-time high

(Source: Coinglass)

According to Coinglass data, the total amount of open contracts for AVNT futures has surpassed 150 million USD for the first time, reaching 151 million USD, an increase of 105% compared to the previous day. The rapid expansion of the derivatives market shows that investors are not only actively positioning in the spot market but are also increasing their bets on the future trend of the token in the futures market.

Conclusion

The AVNT Token's simultaneous listing on two major exchanges in South Korea has driven both its price and trading volume to soar, setting a historical high in the futures market. With the development of RWA tokenization and a decentralized perpetual trading platform, Avantis is expected to continue expanding its influence in the global market. However, investors should still be wary of short-term volatility and the risks of high-leverage trading.