Coinbase-Backed Avantis (AVNT) Surges Another 35%, Heres Why

Tech

Coinbase-Backed Avantis (AVNT) Surges Another 35%, Heres Why

AVNT, the native crypto token of crypto and RWA perpetual DEX Avantis, skyrocketed an additional 35% on Monday, extending its massive run in a week. This comes as South Koreas largest crypto exchanges list the token, following Coinbase, Binance, and Bybit.

Avantis (AVNT) Soars Over 35% 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 Koreas 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 35% to surpass $1 mark today. Leading crypto exchanges Coinbase, Binance, and Bybit listed the token last week, which saw a 200% jump in prices.

Avantis Futures Jumps Over 105%

At the time of writing, AVNT is trading at $1.07, up more than 40% in the last 24 hours. The 24-hour low and high are 0.7305 and $1.11, respectively. Furthermore, the trading volume has increased by 47% in the last 24 hours, indicating massive demand among traders.

Avanti (AVNT) Futures Open Interest. Source: Coinglass