- Coinbase lists Avantis for spot trading soon.
- Avantis enables decentralized governance.
- Launch saw $200M in daily volume.
Coinbase has announced Avantis (AVNT) for spot trading, pending liquidity conditions in supported regions. Avantis, a DAO platform token, facilitates decentralized governance with daily trading volume reaching $200M and a market cap of $50M.
Coinbase has officially announced its intention to list Avantis (AVNT) for spot trading. The availability is contingent upon liquidity conditions and is expected to become active in supported regions soon.
Avantis is a token associated with a DAO platform that facilitates decentralized governance and treasury management. The platform was developed in partnership with Jesse Pollak, creator of the Base blockchain.
“The engine powering universal leverage has arrived. Whether you’re claiming, staking, or trading – this is where the next chapter begins.” – Jesse Pollak, Creator of Base Blockchain, Coinbase
The listing is anticipated to direct significant capital flows into Base ecosystem tokens such as ETH, BTC, and ZORA. Avantis’s launch recorded a daily trading volume of approximately $200 million.
Coinbase has positioned the listing to comply with U.S. regulatory frameworks while explicitly labeling AVNT as not a security. This alignment enhances its appeal to a broader investor base.
No explicit new funding rounds have been linked to this listing, despite strong trading volume at launch. Market capitalization for AVNT settled at $50 million, raising expectations in the market.
Analysts suggest that like previous Base chain token launches such as Zora, Avantis could attract considerable institutional and retail interest, impacting related DeFi protocols significantly.
