Top 4 reasons why the Avantis coin price is pumping

The Avantis coin price has surged in the past few days following its closely-watched airdrop as more investors bought, and its market share in perpetual futures grew.

Avantis (AVNT) token jumped to a high of $0.8447, up by 315% from its lowest level this month. This surge brought its market capitalization to over $160 million.

Summary

Avantis token price jumped amid smart money accumulation.
It also soared as Avantis gained market share in the perpetuals industry.
Avantis benefited from the ongoing demand for Base Blockchain tokens.

AVNT price jumped as its market share of Avantis soared

The primary reason for the recent surge in AVNT price is Avantis’ continued market share gain in perpetual futures trading.

DeFi Llama data shows that the Avantis platform has handled over $2.46 billion in volume this month so far. It processed $4.6 billion in August.

Its performance could accelerate after it moves into the stock tokenization industry. It has already introduced tokenized Coinbase stock into its platform, and plans to roll out more.

Avantis is the biggest perpetual futures platform on Base | Source: DeFi LLama

Avantis soared amid increased demand for Base tokens

The other reason why the AVNT price is thriving is the robust demand for tokens in the Base Blockchain. For example, Aerodrome Finance token has jumped, bringing its market cap to over $1 billion as its market share soared.

Similarly, Zora has been one of the top coins in the ongoing altcoin season as it was integrated into the recently upgraded Coinbase wallet. Therefore, Coinbase may add Avantis to its platform as it did with Morpho and Aerodrome.