Avantis is an on-chain leveraged trading protocol on Base and Ethereum, backed by Pantera Capital, Galaxy Digital, and Founders Fund. It enables leveraged positions on crypto and real-world assets with LP-provided liquidity.
Reviewed by TheTokener Research Team
TheTokener Score
Raise
$12,000,000
Token Price
$0.24
Blockchain
Base / Ethereum
Launch
April 23, 2025
Total Supply
1,000,000,000
FDV
$149,000,000
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Crypto and ICO investments are high-risk. Always do your own research. Full disclaimer.
TheTokener Score: 70/100. High
Our composite score evaluates team transparency, tokenomics quality, product maturity, security posture, and backer credibility.
Avantis is a perpetual futures protocol built natively on Base, Coinbase's Layer 2. Traders can open leveraged long or short positions on crypto assets and real-world asset pairs directly on-chain. Liquidity comes from LPs who deposit funds into Avantis vaults and earn a share of trading fees. The model is similar to GMX on Arbitrum, adapted for the Base ecosystem.
The Base deployment is strategically important: Base has grown rapidly as a preferred chain for DeFi projects seeking Ethereum security with lower fees. Avantis benefits from Base's growing TVL and Coinbase's distribution, and has received funding from the Base Ecosystem Fund.
The investor list is unusually strong for a perpetuals DEX. Pantera Capital has a long track record in crypto infrastructure. Founders Fund, Peter Thiel's venture firm, rarely invests in DeFi protocols, making their participation a notable signal. Galaxy Digital adds both capital and market-making infrastructure. The combined $12M across seed and Series A gives Avantis substantial runway.
AVNT launched at $0.24 in April 2025 and currently trades around $0.15, meaning early IDO buyers are underwater at current prices. The ongoing campaign rewards three groups: traders (Trading XP), liquidity providers (Liquidity XP), and holders of partner NFTs. XP points convert to AVNT airdrop allocations at each season end.
Season 3 distributed in early March 2026. The current campaign runs through March 30, 2026, with a Season 4 announcement expected. This is a live protocol with ongoing user incentives, not a pre-launch project.
Avantis competes with GMX, Hyperliquid, and dYdX in the perpetuals DEX market. Hyperliquid in particular has captured a dominant share of onchain perps volume. Avantis differentiates through its Base-native positioning and the RWA asset pairs, but faces an uphill battle on liquidity depth. TVL and volume metrics should be checked before any significant LP commitment.
| Allocation | % | Tokens | Notes |
|---|---|---|---|
| Community and Ecosystem | 35% | 350,000,000 | Airdrops, trading rewards, staking |
| Investors | 20% | 200,000,000 | 12-month cliff, 24-month linear vesting |
| Team | 18% | 180,000,000 | 12-month cliff, 36-month linear vesting |
| Protocol Treasury | 15% | 150,000,000 | Governance-controlled |
| Liquidity | 7% | 70,000,000 | CEX and DEX market making |
| Advisors | 5% | 50,000,000 | 24-month vesting |
| Round | Date | Price | Tokens | Raise | Vesting | Launchpad |
|---|---|---|---|---|---|---|
| Seed | 2023 | Undisclosed | N/A | $7,000,000 | Locked 12 months | Private |
| Series A | 2024 | Undisclosed | N/A | $5,000,000 | Locked 12 months | Private |
| TGE / Public | Apr 2025 | $0.24 | N/A | N/A | N/A | Public listing |
Avantis is a live, battle-tested protocol with tier-1 institutional backing and a real user base. The Pantera, Galaxy, and Founders Fund combination is one of the strongest backer profiles in active DeFi. The AVNT token is currently below its listing price, which either represents a buying opportunity or a sign of limited organic demand. The perpetuals market is highly competitive. Strong project for those bullish on the Base ecosystem and perps DeFi broadly.
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