Avantis Launches on Base Mainnet with $5.5 Billion in Testnet Trading Volumes
Avantis, the next generation DEX for trading and market-making perpetuals for crypto and real-world assets, has launched on Base mainnet. During its two months of testnet, Avantis saw over 400,000 trades from more than 50,000 onchain traders, resulting in more than $5.5 billion in trading volumes. The platform offers up to 75x leverage and exposure to price movements across crypto, forex, and commodities. Liquidity providers can fine-tune their risk-return profile while earning trading fees. Avantis also introduces an industry-first product called Avantis Loss Protection, which guarantees a rebate on any trading losses for contrarian traders.
Partnership with Chaos Labs and Audits by Zellic and Zokyo
To ensure economic security and competitive fees, Avantis has partnered with Chaos Labs for risk simulations and protocol economics. Chaos Labs’ trading parameters are live on the Avantis mainnet. Additionally, the platform has undergone audits by Zellic and Zokyo. Audit reports can be viewed through Avantis’ documentation.
Plans for Future Updates
In the coming months, Avantis plans to release multiple product updates including funding rates, one-click trading, gas sponsored trades, their own L2 built on the OP stack, and novel real-world asset pairs like Crude-oil and treasury rates.
The Avantis Edge
- Hyperscaling DeFi Market Making
- Democratized RWA Adoption
- Loss Protected Trading
- Fully Decentralized
About Avantis
Avantis is a decentralized leveraged trading and market-making platform built on Coinbase’s Base blockchain. It allows users to trade cryptocurrency, forex, and commodities with up to 75x leverage. The platform offers sophisticated risk management tools for traders and liquidity providers. Avantis is backed by industry-leading investors such as Pantera, Founders Fund, Galaxy, and Base Ecosystem Fund.
Hot Take: Avantis Revolutionizes Perpetual DEXs with Loss Protection
Avantis’ launch on Base mainnet marks a significant step towards the growth of onchain trading and the stablecoin economy. With over $5.5 billion in testnet trading volumes, Avantis has demonstrated its potential for success. The introduction of Avantis Loss Protection, the industry-first mechanism that guarantees rebates on trading losses, sets it apart from other exchanges. By prioritizing innovation at the protocol level, Avantis aims to bridge the gap between CeFi and DeFi in the perpetual DEX sector. With future updates and a commitment to economic security, Avantis is poised to revolutionize leveraged trading and market-making.
Owen Patter is a distinguished crypto analyst, accomplished researcher, and skilled editor, leaving a notable imprint on the cryptocurrency landscape. As a proficient crypto analyst and researcher, Owen delves into the intricate realms of digital assets, offering insights that resonate with a diverse audience. His analytical acuity is harmoniously paired with adept editorial skills, allowing him to transform complex crypto information into easily comprehensible content.