Avantis’ AVNT Token Stages 78% Recovery Amid Strong Base Ecosystem Fundamentals

Avantis' AVNT token has surged 43.3% in 24 hours, marking a 78% rebound from its post-airdrop lows. The recovery comes despite persistent selling pressure from airdrop recipients who received tokens on September 9 at $0.488.

Smart money traders capitalized on the dip, with Nansen data showing profitable addresses increased holdings by 20.5% during the rally. The token bottomed at $0.208 before reaching a daily high of $0.371 on September 10.

Avantis dominates as Base's largest decentralized perpetuals exchange, processing $4.6 billion in August volume - 39.3% of Base's total perpetual trading activity. Base consistently ranks among top-10 chains for perpetual volume, regularly exceeding $10 billion monthly.

The ethereum Layer-2 powerhouse provides Avantis with a $5 billion TVL foundation, generating $1.22 million in protocol fees and $14.3 million annualized revenue according to DefiLlama metrics.