Gate News Report, March 12 — According to Gate Market Data, as of press time, AVNT (Avantis) is trading at $0.18, up 24.13% in the past 24 hours. The highest price reached $0.20, while the lowest dropped to $0.15. The 24-hour trading volume is $101 million. The current market capitalization is approximately $58.6 million, an increase of $11.4 million from yesterday. AVNT is the native utility and governance token of Avantis. Avantis is the largest derivatives exchange on Base, focusing on RWA and crypto asset trading, offering a global market and unlimited leverage trading experience. Users can trade cryptocurrencies, forex, metals, commodities, indices, and other assets directly from their wallets. The AVNT token is used for protocol incentives, trader rewards, and community-driven development.

The March 12 crypto market news includes the Backpack token TGE scheduled for March 23, Across Protocol exploring the exchange of ACX tokens for equity, FDIC Chairman stating that stablecoins will not be covered by deposit insurance, Hyperliquid crude oil contract trading volume nearing $1 billion, and more.

Gate News Announcement, March 12, Avantis announced on the X platform the launch of the AVNT token buyback and burn plan. According to the plan, Avantis will use 30% of the daily trading revenue (including opening fees, closing fees, and profit fees) to buy back and burn AVNT tokens on the open market. This mechanism is now officially in effect. Additionally, the official statement indicates that after future protocol efficiency upgrades, the buyback ratio is expected to increase to over 50%, with an expected implementation before the end of the second quarter of 2026.

Odaily Planet Daily reports that the leading decentralized derivatives exchange in the Base ecosystem, Avantis, has opened the second season of airdrop claims. This season's claims will be distributed over 4 days, starting from today, with 25% unlocked each day at 19:30 (Beijing Time). The claim window is 24 hours each day.

Odaily Planet Daily reports that the leading decentralized derivatives exchange in the Base ecosystem, Avantis, officially announces that the second season airdrop will open for claiming at 11:30 PM UTC on March 5 (7:30 AM Beijing Time on March 6).

ChainCatcher message: According to Web3 asset data platform RootData's token unlock data, Avantis (AVNT) will unlock approximately 29.25 million tokens on March 9th at 14:00 Beijing time, valued at about $5.08 million.

Odaily Planet Daily reports that the leading decentralized derivatives exchange in the Base ecosystem, Avantis, officially announces that the second season airdrop will take place on March 5. This season will distribute a total of 40 million tokens to trading users and LPs. The complete airdrop eligibility criteria and claiming mechanism will be announced in the coming days.

ChainCatcher message: According to Web3 asset data platform RootData's token unlock data, Avantis (AVNT) will unlock approximately 29.25 million tokens at 14:00 Beijing time on February 09, with a value of about $6.96 million.

On January 26, news broke that the decentralized derivatives protocol Avantis token AVNT surged against the market trend, with a daily increase of over 27%, significantly outperforming HYPE and ASTER in the same sector. Capital and activity are gradually flowing back into some DEX tokens, but AVNT's rise is encountering key technical and structural resistance. On-chain data shows that AVNT's network activity has significantly rebounded. The average trading volume has returned to the high levels seen in late December 2025, with daily transaction counts exceeding 1,400. Over the past five days, large addresses have continuously accumulated this asset, driving increased participation in the Asian market. Meanwhile, the user base of the Avantis ecosystem has exceeded 65,000, with total value locked surpassing $104 million, indicating that real funds are entering its derivatives system. The protocol holds approximately 75% of the derivatives market on the Base chain and has integrated with over 25 mainstream wallets, enhancing accessibility and liquidity depth.

Avantis (AVNT) has recently become a focal point in the cryptocurrency market. Data shows that as of press time, AVNT has increased by approximately 24.31% in the past 24 hours, with a total gain of 34.18% over the past 7 days, significantly outperforming the market. Meanwhile, Coinalyze data indicates that the open interest in AVNT contracts surged by 74% in a single day, suggesting that speculative sentiment in the derivatives market is rapidly heating up. It is worth noting that despite the strong price rebound, the funding rate for AVNT perpetual contracts remains in the negative zone, indicating that the contract price is below the spot price, and longs need to pay shorts. This structure often reflects an over-concentration of short positions. Once the price continues to rise, it can easily trigger a short squeeze, further pushing the price higher in the short term. Therefore, the market is beginning to discuss whether AVNT has the opportunity to quickly approach or even test the $0.40 level.