What exactly is Avantis (AVNT) connected to top exchanges?

Author: Nicky, Foresight News

On September 15, 2025, the native token AVNT of the Base ecosystem derivative protocol Avantis officially launched on the South Korean exchanges Upbit, Bithumb, and Binance's main site. Previously, the token had landed on platforms such as Binance Alpha, Coinbase, Bitget, and Bybit on September 10. The price of AVNT nearly doubled within 24 hours, attracting market attention.

From 0 to Base: The largest derivative protocol of Avantis's two-year accumulation

Avantis is a decentralized derivatives protocol based on the Base chain, focusing on perpetual contract trading, supporting synthetic derivative trading of assets such as cryptocurrencies, foreign exchange (FX), commodities (gold, crude oil, etc.), and US stock indices, with a maximum leverage of up to 500 times.

Since the mainnet launch in February 2024, its cumulative trading volume has surpassed $22 billion, with an annualized trading volume exceeding $60 billion, serving over 41,000 traders, the number of liquidity providers (LPs) has exceeded 25,000, open interest reached $25 million, and cumulative fees exceeded $7.4 million.

Currently, the platform's 24-hour trading volume has reached 169 million USD, with a total locked value (TVL) of 16.75 million USD, among which the TVL of the Junior Tranche (the LP pool that bears 65% of the losses) and the Senior Tranche (the LP pool that bears 35% of the losses) are 10.6 million USD and 6.14 million USD, respectively.

Behind this data is Avantis's exploration of the “Universal Leverage Layer.” The platform reduces the cost of high-frequency trading through innovative features such as “Zero-Fee Perps” and “Loss Rebates,” while providing loss protection for LPs (by hedging the public positions, the platform promises LPs a long-term positive return).

The agreement adopts a unique risk layering model, allowing liquidity providers to choose funds with different risk levels. The primary fund bears up to 65% of the loss risk and shares 65% of the fee revenue; the advanced fund bears up to 35% of the loss risk and shares 35% of the fee revenue.

The current annualized yield for Junior and Senior Vaults is approximately 20% (locked for 180 days), with additional XP subsidies provided to attract long-term participation.

Team and Financing

Avantis is developed and operated by Lumena Labs, with a core team composed of seasoned professionals from the fields of DeFi, finance, and technology. Co-founder and CEO Harsehaj Singh was responsible for consumer infrastructure and DeFi project investments at Pantera Capital and graduated from the Haas School of Business at the University of California, Berkeley; co-founder and CTO Brank D has full-stack development experience in building trading systems and has led the technical architecture handling hundreds of thousands of users and managing assets on a scale of billions of dollars.

Other team members come from institutions such as McKinsey, Lazard, and Barclays, focusing on on-chain consumer product innovation, particularly accumulating rich experience in leveraged trading, risk infrastructure, and real-world assets (RWA).

From a capital perspective, Avantis has received continuous support from institutions for its growth. In September 2023, the project completed a $4 million seed round financing, led by Pantera Capital, with follow-ups from Founders Fund, Galaxy Digital, Base Ecosystem Fund, and others; in June 2025, it secured another $8 million in Series A financing, jointly led by Pantera Capital and Peter Thiel's Founders Fund, with participation from Symbolic Capital, SALT Fund, and other institutions. The total amount raised in the two rounds of financing reached $12 million, which will mainly be used for technological upgrades (such as expanding into asset classes like stocks, sports, etc.), launching a customized EVM-compatible chain to enhance transaction speed, and ecological construction.

Token Economics and Distribution Mechanism

The total supply of AVNT tokens is 1 billion. The tokenomics design emphasizes the principle of community first, with 50.1% of the tokens allocated to the community and the remaining 49.9% allocated to the team, investors, and the foundation.

In the community allocation, 12.5% is used for the initial airdrop, rewarding users who have participated in the protocol since February 2024; 28.6% is for on-chain incentives, which will reward liquidity providers, traders, and referrers through XP seasonal rewards in the future; 9% is allocated to builders and ecosystem funding to support the development of new front-ends and applications based on the Avantis SDK.

Team and advisor allocation is 13.3%, with a 12-month lock-up period followed by a 30-month linear release period. Investor allocation is 26.61%, with the same long-term release arrangement to ensure ecosystem stability. The foundation reserves 4% as strategic funds and 6% as liquidity reserves for exchange marketing and market-making partnerships.

Market Makers: Liquidity support from institutions such as Flowdesk

As a participant in the Series A financing, Flowdesk is an important market-making partner in the Avantis ecosystem. This digital asset trading company, headquartered in Paris, was established in 2020 and is regulated by the French Financial Markets Authority (AMF). It provides liquidity services, over-the-counter trading, and fund management solutions, with technology deployed on Google Cloud to ensure security and scalability, covering liquidity for CEX, DEX, and real-world assets. In March 2025, Flowdesk completed a financing round of $102 million (including $52 million in equity/debt hybrid financing), led by HV Capital and others.

Ecosystem Construction and Technology Development

Despite Avantis achieving significant results on the Base chain, it still faces the need for technical optimization. For example, due to the block generation speed limitations of the Base chain, the platform currently experiences delays in opening and closing positions, as well as occasional order failures; zero-fee contracts have a profit cap (officially stated to be gradually removed as LP scale expands); the limit price take profit and stop loss functions do not yet support ratio settings; and mobile adaptation also needs improvement.

Avantis is building a developer ecosystem, providing SDK toolkits for developers to access deep liquidity on the Base chain. It has currently established partnerships with several projects, including Bankr (an AI agent that trades through tweets), Keyrock (institutional market maker), Pyth (oracle provider), and Nitrate (Telegram trading bot).

The protocol plans to undergo a comprehensive technical upgrade, improving the automated market maker mechanisms to support any type of price feed, including gold, crude oil, and sports odds. In addition, the project plans to launch a dedicated blockchain compatible with EVM, providing a fast and gas-free trading experience.

These upgrades will be rolled out in the form of Avantis v2 over the next few months, expected to bring a 10-fold increase in capital efficiency, advanced trading features, and cross-margin support for real-world asset markets.