Avantis (AVNT), one of the most notable projects in the cryptocurrency market in recent days, has seen a sharp rise following its listings on major exchanges. The token, reportedly backed by Coinbase's Base and Pantera Capital, surged over 50 percent earlier today, reaching an all-time high of $1.54. Trading volume also increased by 37 percent to $633 million. Coinbase led this rally, accounting for 31 percent of the total volume.
Simultaneous listings on Binance, Upbit, and Bithumb
With today's announcements, Avantis made waves in the market by listing on three major exchanges on the same day. Upbit, one of South Korea's largest crypto exchanges, announced that AVNT will be traded in Korean Won (KRW), Bitcoin (BTC), and Tether (USDT). Trading began on September 15 at 1:30 PM KST. Upbit emphasized that users can only transfer via the Base network and that the contract address must be verified correctly. Following Upbit, Bithumb also announced the listing of AVNT. Trading opened there in the same time zone, and the token's starting price was set at 1,140 KRW.
Finally, Binance announced that AVNT will be traded in USDT, USDC, and Turkish Lira (TRY) pairs. With trading commencing at 8:00 AM Turkey time, the token was also temporarily available on Binance Alpha. However, it was announced that it would not be visible on the Alpha platform after spot trading began, and AVNT would be seeded.
Despite being a young project, Avantis launched only last week, it quickly gained global reach. Built on the Base network, Avantis is a decentralized exchange designed for perpetual futures. AVNT, the platform's governance and utility token, distributed 12.5% of its total supply, completely unlocked, via airdrop during the token generation event (TGE). This move helped build a strong community early on. Listed on leading exchanges such as Coinbase, Bybit, Gate, Bitget, and KuCoin, the token significantly increased its global liquidity with today's news on Binance, Upbit, and Bithumb. This boosted investor confidence and led to sharp price momentum.
Notable price movement
Looking at the last 24 hours, the AVNT price, after an extended period of sideways movement, saw a sharp rise following the listing news. The price quickly rose from $0.80 to over $1.50. Although a slight correction followed, the token managed to hold above $1.20. This rise also led to a rapid expansion in Avantis's market capitalization.
