Avantis, the perpetual futures exchange built on Coinbase's Base network, has rolled out a V2 upgrade that adds more than 100 new tradable assets and lays the groundwork for over 500 real-world asset (RWA) markets in the coming weeks. The native AVNT token responded with a sharp jump in trading activity, though it has yet to convincingly clear resistance near $0.12.
Daily trading volume for AVNT surged 1,573% to roughly $80 million following the upgrade, according to on-chain data, as traders positioned around the protocol's expanded capacity. The token gained more than 17% over 24 hours but stalled in the $0.115–$0.12 rejection zone, leaving the breakout unconfirmed.
What Changed With V2
The V2 rollout added instant liquidity of $100 million and set initial open interest capacity at up to $500 million, with maximum leverage offered at 250x. Avantis has framed the upgrade as a push to capture a larger share of on-chain derivatives trading by extending beyond crypto pairs into “exotic markets never seen before onchain” — a category expected to eventually cover more than 500 RWA instruments spanning commodities, forex, and other traditional asset classes.
Network activity has climbed alongside the announcement. Daily transactions on the protocol rose from roughly 2,600 on August 8 to 9,400 in the days since, a jump of about 262%, pushing weekly transaction totals to approximately 38,500.
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Price Action Still Hesitant at Resistance
AVNT broke out of a multi-week trendline on August 7, moving up from a base near $0.085 and holding a higher low around $0.09. But the token has repeatedly failed to close above the $0.115–$0.12 band even as volume expanded, a pattern that often signals distribution into strength rather than a clean continuation. The Trend Strength Index has climbed to 0.81, approaching territory associated with trend exhaustion rather than fresh momentum, while the MACD histogram remains positive but shallow.
Avantis has grown quickly since launching on Base in September 2025 with a fixed supply of 1 billion tokens. The protocol has processed more than $20 billion in cumulative trading volume and counts over 65,000 users, backed by investors including Pantera Capital and Coinbase — scale that gives the V2 expansion a larger existing user base to convert into RWA trading demand than a newer entrant would have.
What a Confirmed Breakout Would Require
For AVNT to validate the current move, traders will be watching for a daily close above $0.12 on sustained volume rather than the wick-and-reject pattern seen so far. A failure to hold the $0.09 higher low, by contrast, would suggest the volume spike was driven by short-term positioning around the V2 news rather than durable demand for the expanded RWA product suite. With over 500 new markets still to roll out in the coming weeks, the token's price action over the next few sessions will likely hinge on whether traders believe Avantis can convert its liquidity buildout into actual RWA trading volume, rather than the announcement alone.
