AVNT (Avantis) has pumped 32.51% in the last 24 hours.

Gate News Bot news, on October 21, according to CoinMarketCap data, as of the time of writing, AVNT (Avantis) is currently priced at 0.64 USD, with a rise of 32.51% in the last 24 hours, reaching a high of 0.69 USD and a low of 0.47 USD. The current market capitalization is approximately 165 million USD, an increase of 40.5 million USD compared to yesterday.

Avantis is the largest derivatives exchange on Base, supporting trading of physical assets and crypto assets. AVNT is Avantis's native utility and governance token, used for protocol incentives, trader rewards, and community-driven development. Avantis offers traders various features, including loss protection and positive slippage, while also optimizing yields for liquidity providers. The platform also provides the Avantis SDK, enabling developers to access real-time price feeds, execute fast trades, and manage positions.

AVNT recent important news:

1️⃣ New USDT-based contract trading pairs The Sun Wukong Exchange has added the AVNT/USDT perpetual contract trading pair, supporting up to 20x leverage. This move expands the trading channels for AVNT, providing investors with more trading options and flexibility, which helps to enhance the liquidity and market attention of AVNT.

2️⃣ The exchange launches a large-scale token airdrop event The Sun Wukong Exchange is currently conducting an airdrop event of 5 million SUN tokens, with 86% of the prize pool already claimed. This large-scale marketing activity may attract more users to pay attention to the trading pairs on the platform, including the newly launched AVNT/USDT contract, indirectly promoting the rise in AVNT's trading volume.

3️⃣ Demand for derivative trading is rising As the largest derivatives exchange on Base, the rise in the price of Avantis's AVNT token may reflect the market's increasing demand for cryptocurrency derivatives trading. The newly added contract trading pairs further satisfy this demand and may be an important factor driving the rise in AVNT's price.

From a technical perspective, the significant rise of AVNT within 24 hours indicates positive market sentiment, but investors should remain cautious of potential short-term pullbacks. On the fundamental side, the continuous improvement of the Avantis platform's functionalities and the expansion of its market coverage are conducive to the long-term development of AVNT.

This message is not intended as investment advice; investors should be aware of market volatility risks.