Binance to List New Altcoin Avantis Despite Market Uncertainty

Binance has announced a new altcoin listing, Avantis (AVNT), which will be available on Binance Alpha and Binance Futures markets. The token is designed for DeFi protocol for leveraged tokenized asset transactions and has gained support from major investors like Pantera and Coinbase. Despite the announcement, the token's price has not been impacted. The team brings varied expertise from different fields, enhancing the token's appeal. The protocol has garnered 65,000 users so far, showing promise and adaptability in a rapidly evolving market.

Binance has recently announced the listing of Avantis (AVNT) on its Binance Alpha and Binance Futures markets. This move marks a significant milestone for the DeFi protocol, which is designed for leveraged tokenized asset transactions. Avantis has garnered support from major investors, including Pantera and Coinbase, and has seen substantial user adoption since its launch in February 2024.

Avantis is the largest derivatives exchange on the Base blockchain and the largest DEX for trading and market-making real-world assets (RWAs). The platform offers a Universal Leverage Layer, allowing users to trade markets that matter to them with on-demand liquidity, capital efficiency, and truly limitless leverage. The platform's zero-fee perpetuals (ZFP) feature, which only charges fees if traders profit, has driven explosive growth, with over $12 billion in cumulative volume and 1.5 million trades since launch [2].

The token, AVNT, is capped at a total supply of 1 billion tokens. The protocol is governed by the Avantis Foundation (Cayman), with a team led by veterans from Pantera Capital, Lazard, McKinsey, and Bow Capital. The broader team includes engineers and designers with experience from Binance, Quantopian, and large fintech firms. Users can trade AVNT on major DEXs and CEXs soon, with the ability to bridge to Base and begin trading immediately without KYC [2].

Despite the announcement of the Binance listing, the price of AVNT has not been significantly impacted. This could be attributed to the token's strong fundamentals and the growing interest in DeFi protocols. The protocol has already attracted 65,000 users, showcasing its adaptability in a rapidly evolving market.

Avantis is building out a multi-product suite with ambitious milestones, including on-chain equities, a native L2 (Avantis v2), composable yield vaults, and on-chain prediction markets. The platform's support from major backers like Pantera Capital, Founders Fund, Galaxy Digital, and Base Ecosystem Fund underscores its potential for future growth [2].

References:
[1] https://www.coingecko.com/en/coins/avantis
[2] https://coinmarketcap.com/currencies/avantis/