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Avantis (AVNT) is a cryptocurrency launched in 2023. The token underpins a decentralized perpetuals exchange that has claimed the position of largest RWA perps venue in DeFi, built on and backed by Base. Traders access crypto and a broad range of synthetic real-world assets with up to 500x leverage in a fully permissionless environment.

The protocol solves the dual problem of fragmented real-world asset exposure in DeFi and opaque derivatives market structures. By listing FX pairs, commodities, indices, and equities as perpetual contracts, Avantis brings institutional-grade products directly onchain. Its signature innovation, zero-fee perpetuals, flips the fee model: traders incur costs only when they realize profits, a design that eradicates the conventional taker fee burden.

Avantis operates on the Base network. The protocol’s smart contracts settle every trade on this Ethereum layer-2, exploiting its rapid execution and negligible gas costs. No separate consensus layer is required for the application itself; it inherits Base’s security.

The system is EVM-compatible and deploys the ERC-20 token standard for AVNT. A purpose-built risk engine separates liquidity provisioning from trader insolvency exposure, dynamically adjusting funding rates and liquidation thresholds. The zero-fee perpetuals primitive is encoded directly in the trading logic, eliminating complex fee calculation middleware.

The project launched on June 18, 2023, with backing from Pantera Capital and Coinbase Ventures. No founding individuals are publicly foregrounded, but the protocol’s traction has been explosive. Within its first year, cumulative trading volume crossed $20 billion and annualized revenues exceeded $15 million, metrics that cemented Avantis as the highest-volume DEX on Base.

Avantis aims to dismantle barriers between traditional finance’s asset classes and decentralized infrastructure. By encoding commodity, equity, and FX price feeds onchain, the protocol grants traders censorship-resistant exposure to global markets without intermediaries. It redefines capital efficiency by allowing extremely leveraged positions on synthetic RWAs in a venue that never takes custody.

AVNT functions as the governance token of the Avantis ecosystem, empowering holders to vote on risk parameters, collateral types, and fee configurations. The token is also integral to the loss protection mechanism; stakers allocate AVNT to a community insurance pool that covers adverse liquidation events, directly aligning incentives between traders and backstop providers.

Holding and staking AVNT grants access to protocol fee distributions and governance rights. The loss protection vault accepts AVNT deposits; in exchange for bearing shortfall risk, depositors collect a stream of fees generated from leveraged trading activity. This arrangement turns token holders into insurers, earning yield calibrated to market volatility rather than a flat rebate.

Avantis has a maximum supply of 1,000,000,000 tokens. Currently, 319,965,899 are in circulation. With a market capitalization of $47,434,654, Avantis ranks #492 among all cryptocurrencies.