AVNT (Avantis) rose 6.28% in the last 24 hours.

Gate News Bot news, on September 29, according to CoinMarketCap, as of the time of writing, AVNT (Avantis) is currently priced at $1.47, with a rise of 6.28% in the last 24 hours, reaching a high of $2.32 and a low of $1.35, with a 24-hour volume of $780 million. The current market capitalization is approximately $380 million, an increase of $22.25 million compared to yesterday.

Avantis is the largest derivatives exchange on the Base network, focusing on trading physical and crypto assets. AVNT is the native utility and governance token of Avantis, used to drive protocol incentives, trader rewards, and community-driven development. The platform supports trading a variety of assets, including cryptocurrencies, foreign exchange, metals, commodities, and indices, operating directly from users' wallets. Avantis also provides the Avantis SDK, enabling developers to access real-time price feeds, execute fast trades, and manage positions.

AVNT recent important news:

1️⃣ AVNT price continues to fluctuate sharply The price of AVNT has experienced significant fluctuations over the past week. On September 22, the price of AVNT reached a high of $2.58, with a 24-hour volume exceeding $6.7 billion. It then underwent a substantial correction, dropping to $1.00 at one point. Currently, the price of AVNT has rebounded to $1.47, with a 24-hour rise of 6.28%. This dramatic volatility reflects the market's high attention to AVNT and short-term speculative behavior, while also exposing its price instability.

2️⃣ Avantis launches large-scale token incentive program Avantis announced that it will provide 40 million AVNT tokens as rewards in the third quarter, worth over 80 million USD. These tokens will be distributed to XP holders over the next 5 months. The incentive program aims to increase user engagement and platform activity, which may have a positive impact on the long-term value and liquidity of AVNT, but could exacerbate price volatility in the short term.

3️⃣ Gate exchange launches multiple AVNT-related activities Gate exchange has launched a series of activities related to AVNT, including HODLer airdrops, perpetual contract trading, and staking mining. Among them, staking GUSD or AVNT can participate in the activity to share a total of 750,000 AVNT token rewards, which helps enhance user participation and the liquidity of AVNT. These activities may support the volume of AVNT in the short term but could also lead to increased price volatility.

From a technical perspective, AVNT is currently in a phase of oscillating rise after experiencing significant fluctuations earlier. The current price of $1.47 still has a certain gap compared to the previous high of $2.58, indicating that market sentiment is becoming cautious. From a fundamental perspective, as the native token of the largest derivatives exchange on the Base network, the long-term development prospects of AVNT are still worth paying attention to, but investors should be wary of the potential for continued high volatility in the short term.

This message does not constitute investment advice, and investors should be aware of market volatility risks.