The Avantis (AVNT) token has experienced a remarkable surge, skyrocketing over 35% following its listings on two major South Korean exchanges, Upbit and Bithumb, on September 15. This brisk rise has catapulted the token’s weekly gains to exceed 200%, marking a significant milestone for the decentralized exchange’s native asset. Backed by notable investors including Coinbase and Pantera Capital, AVNT is drawing considerable attention in the crypto market.
The listings on Upbit, South Korea’s largest cryptocurrency exchange, and Bithumb, the second-largest, have significantly enhanced AVNT’s accessibility in the Asian market. Upbit allows trading in KRW, BTC, and USDT pairs, while Bithumb has introduced the token for immediate trading in the KRW pair. These developments have greatly contributed to an upsurge in trading activity and a rise in investor interest.
At the time of this report, AVNT was priced at $1.07, reflecting a staggering increase of more than 40% within 24 hours. Its daily trading volume witnessed a 47% rise, hitting a daily peak of $1.11. Such robust trading metrics indicate heightened demand, potentially linked to the growing interest in real-world asset (RWA) trading and tokenization that Avantis emphasizes.
Amidst the price rally, AVNT has also seen significant growth in the derivatives market. Futures open interest across all major exchanges surged to nearly $151 million, representing a 105% increase in just 24 hours. Exchanges such as Binance, Bybit, and KuCoin reported substantial jumps in open interest as traders capitalize on the fluctuating prices and short-term volatility. These trends underscore an increase in both retail and institutional interest in AVNT.
Avantis capitalizes on the trend of tokenization by enabling users to engage in perpetual trading, allowing leverage of up to 500x with zero trading fees. Positioned as a “universal leverage layer” across tokenized markets, the platform is designed to facilitate the trading of both cryptocurrency and real-world assets more efficiently.
With the support from both global and regional exchanges, AVNT is gaining visibility and traction among traders, particularly those seeking high-leverage trading opportunities. As the platform continues to expand its reach and trading features, it may see an even greater influx of participants eager to capitalize on the burgeoning tokenization market.
