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 Korea’s 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 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 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.
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.
Varinder Singh
Varinder is a seasoned leader in the fintech and crypto media with over 12 years of experience, including over 6 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 5000 news articles and papers.
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Source: https://coingape.com/coinbase-backed-avantis-avnt-surges-another-35-heres-why/