AVNT Rallies 45% After Avantis Surpasses $100 Million in Total Value Locked

The Avantis (AVNT) token rallied by nearly 45% following the platform reaching a significant milestone: its Total Value Locked (TVL) surpassed $100 million, setting a new all-time high. Avantis, an on-chain perpetual derivatives and Real-World Asset (RWA) trading platform built on the Base network, announced this achievement, noting that its avUSDC simplifies access to perpetual yields. Data from DefiLlama showed the network's TVL surged 431% over the past month, reaching $106.5 million at press time. This growth is further supported by increasing user adoption, with on-chain data indicating a rise in new users and record-high returning traders. The AVNT token's price momentum followed the TVL surge, climbing approximately 44.69% in 24 hours to trade at $0.70, with trading volume increasing by 613%. Analysts suggest a bullish outlook, noting AVNT broke out of a falling wedge pattern, with short-term targets set at $0.8739 and mid-term targets at $1.1849.

(Source：BeInCrypto)