What is Avantis?

Avantis is a decentralized exchange (DEX) operating on the Base blockchain, focusing on trading both cryptocurrencies and real-world assets (RWAs) such as foreign exchange, commodities, indices, and equities. Founded in 2024, it is backed by Pantera and Coinbase. The platform offers institutional-grade products and allows users to trade with leverage of up to 500x.

A notable feature of Avantis is the introduction of zero-fee perpetuals (ZFP), allowing traders to incur fees only when they make a profit. Since its inception, the platform has reported over $20 billion in cumulative trading volume and annual revenues exceeding $15 million. The governance model and supply cap have not been specified in the available information.