Avantis, a perpetual decentralized exchange on the Base network, saw its native token, AVNT, surge over 17% in the past 24 hours following the launch of its V2 upgrade. Daily trading volume skyrocketed 1,573% to approximately $80 million as the platform added over 100 new assets and committed to listing more than 500 real-world asset markets. The upgrade, described as Avantis’ largest, expanded trading capacity to $500 million in initial Open Interest, offering users leverage up to 250x. Network activity rose in tandem, with daily transactions climbing 262% to 9,400 from 2,600 on August 8th, though the activity remained modest compared to Base’s broader user base.
Avantis’ V2 upgrade represents the platform’s largest update, expanding market access, trading capacity, and user features. At launch, V2 added over 100 assets and offered up to $500 million in initial Open Interest capacity, along with plans for over 500 real-world asset markets.
The platform further stated, “We have a roadmap to list 500+ RWA markets (including exotic markets never seen before onchain), with $500M+ OI over the coming weeks.” The upgrade allowed for leverage of up to 250x while expanding Avantis’ trading instruments.
Network activity increased throughout the week, with daily transactions rising from 2,600 on August 8th to 9,400 at the latest reading, representing a jump of approximately 262%. The weekly total reached 38,500 transactions, though activity remained modest compared with Base’s broader user base.
AVNT’s price reflected the stronger activity, breaking above a descending trendline on August 7th after clearing higher levels from around $0.085. Buy-side liquidity sat near the $0.12 resistance, making that level the next potential target for the token.
The Trend Strength Index approached its upper range at 0.81 while the MACD histogram remained positive but shallow, suggesting buyers retained control without strong conviction. Daily market structure shifted bullish, indicating a possible reversal or pause in the existing downtrend.
