Avantis now holds more than $100 million in user deposits and its AVNT token shot up 45%, a milestone the team announced on 21 Oct 2025. The move is prompting traders, crypto treasuries and institutional desks to reassess the token’s liquidity and risk, as both centralized and decentralized venues reported heavier trading according to financial media.
Avantis is a perpetuals exchange that runs on the Base network. Locked deposits hit $100 million, a figure the project framed as evidence of user trust and deeper liquidity, with TVL defined as the dollar value of all assets users have deposited in the protocol.
Once the news went out, AVNT climbed 45%, and some outlets even recorded 60 % intraday moves, underscoring the speed of the repricing.
AVNT trades on Binance, Coinbase and Gate.io, and the AVNT/USDT pair on Binance clocked $9.17 million in 24-hour turnover, a sign that spot liquidity rose. Right after the announcement, both centralized and decentralized exchanges saw heavier trade, according to financial media.
The keys to Avantis’ leap
Adoption and liquidity are the near-term effects for a larger deposit pool can let treasuries and larger accounts execute orders with less slippage, improving perceived depth across pairs.
Concentration risk remains a key variable with heavier whale bags and fresh listings increase the odds of sharp reversals if a few wallets sell at once. Big wallets added 11.5 % to their stacks, a step often read as a show of faith but still relevant for stress scenarios.
Derivatives and leverage amplify moves as open interest on perpetuals swelled, and any pullback raises liquidation risk if positioning is crowded.
Avantis targets $500 million in locked deposits next, a threshold that will test whether inflows and depth persist. Traders and treasuries should track whale concentration, open interest and the locked deposit count as live gauges of liquidity and potential volatility.
