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- AVNT gained more than 17% as Avantis V2 drove a sharp increase in trading activity.
- Daily transactions rose about 262%, while trading volume reached roughly $80 million.
- The $0.12 resistance is the key upside level, while $0.09 remains important support.
Avantis (AVNT) has returned to the crypto market spotlight following the launch of its V2 upgrade, with the token posting a sharp gain alongside a major increase in trading activity. AVNT climbed more than 17% over 24 hours, while daily trading volume surged 1,573% to roughly $80 million.
The move comes as Avantis expands its perpetual decentralized exchange on Base with more markets, greater trading capacity and additional features. Rising network activity has added to the bullish backdrop, although AVNT now faces an important technical test around $0.12.
Avantis V2 Expands Markets and Trading Capacity
Avantis positioned V2 as its largest platform upgrade, significantly increasing the range of assets available to traders. The launch introduced more than 100 additional assets and initially provided up to $500 million in Open Interest capacity.
The platform also has a longer-term ambition to offer more than 500 real-world asset (RWA) markets, including markets designed to bring less conventional instruments onchain. Avantis has said it expects to expand toward $500 million-plus in Open Interest over the coming weeks.
The upgrade also allows leverage of up to 250x, giving traders access to a broader set of perpetual trading opportunities.
Network Activity Rises Alongside AVNT
The increase in market activity was accompanied by stronger network usage. Daily transactions climbed from about 2,600 on August 8 to roughly 9,400 at the latest reading, representing an increase of approximately 262%.
Weekly transactions reached around 38,500. While that growth indicates greater activity following the V2 launch, overall usage remains relatively small compared with Base’s wider user base.
The combination of higher transactions, trading volume and AVNT’s price rise suggests the upgrade has generated meaningful short-term attention. Still, sustained demand will be needed to determine whether the rally can develop into a broader recovery.
Can AVNT Break Above $0.12?
AVNT broke above a descending trendline on August 7 after moving through the $0.085 area. The token subsequently established higher levels, leaving $0.12 as a key resistance zone.
Technical indicators remain constructive but show signs of caution. The Trend Strength Index approached 0.81, while the MACD histogram stayed positive but relatively shallow. AVNT has also maintained a higher low near $0.09.
A sustained move above $0.12 could strengthen the recovery and signal further upside. Conversely, a break below $0.09 would weaken the emerging bullish structure.
Also Read: AVNT Price Outlook: Is the 30% Correction a Buy-the-Dip Opportunity?
Avantis V2 has coincided with a notable increase in AVNT price, trading volume and network transactions. However, the rally is approaching a critical resistance area. Whether AVNT can turn the V2-driven momentum into a sustained trend will likely depend on continued platform activity and a decisive break above $0.12.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
