Avantis, a leveraged trading protocol, is experiencing notable Avantis growth on Base. Its Total Value Locked (TVL) recently surpassed the $30 million mark. This key milestone directly coincides with the launch of its AVNT governance token and the implementation of an aggressive airdrop incentive campaign. The on-chain analytics firm Lookonchain highlighted significant whale activity immediately driving demand.
On-chain data reveals an impressive picture for the protocol. The TVL registered an increase of over 200% within the last month, a metric that underscores its rapid adoption. This momentum has been fundamental for the platform. Concurrently, the cumulative trading volume has already exceeded $500 million since its inception. Interest intensified notably after the debut of its native token. Analysts point to massive purchases by large holders as clear evidence of the strong institutional interest the project is attracting.
The Avantis growth on Base is not an isolated event. It positions the protocol as a strong and agile competitor in the decentralized perpetuals niche. It directly targets established rivals with longer track records, such as GMX or Synthetix. Avantis operates on the Base network, Coinbase’s Layer 2 solution, which allows it to offer fast, low-cost transactions. Its platform supports leveraged trading of cryptocurrencies, forex, and commodities. Its value proposition seeks to solve liquidity issues and slippage that often affect the DeFi sector.
The market response to the protocol’s performance was immediate. The price of the AVNT token showed a rally of over 12.5% in the last 24 hours, according to recent data. Even more noteworthy, its performance over the last 14 days has accumulated a surge of over 175%. The Lookonchain platform reported a particularly significant move. A single “whale” (a large investor) withdrew 3.33 million ARB, equivalent to about $3.29 million, from the Binance exchange. Subsequently, this investor used the entire sum to acquire 2.19 million AVNT tokens, demonstrating strong conviction in the project’s future.
Can AVNT maintain this momentum against market volatility?
This rapid rise in TVL reflects the market’s growing appetite for new leveraged trading tools on Layer 2 networks. The Avantis growth on Base will now depend on its ability to retain the attracted liquidity. The airdrop incentives have clearly been effective for bootstrapping. However, long-term sustainability and protocol governance will be the ultimate test. Market observers will be watching closely to see if Avantis can consolidate its position against its direct competitors in the coming quarters.
