Avantis (AVNT) has seen a significant uptick in its price, with a 43.3% increase over the past 24 hours. This surge marks a 78% recovery from its recent low, despite facing continued sell pressure following a recent airdrop.
The AVNT token was airdropped on Sept. 9 at a starting price of $0.488. However, the immediate selling activity from recipients of the airdrop looking to liquidate their holdings caused the token’s price to drop. This sell-off created buying opportunities for savvy traders, as data from Nansen shows that profitable addresses increased their AVNT holdings by 20.5% in the past 24 hours.
After bottoming out at $0.208 in early trading hours, the token reached a daily high of $0.371 on Sept. 10. This recovery can be attributed to Avantis’ leadership within the Base ecosystem as the largest decentralized perpetuals exchange on the platform.
According to DefiLlama data, Avantis captured $4.6 billion in trading volume in August, accounting for 39.3% of all perpetual volume on Base during the month. Base consistently ranks among the top 10 chains for monthly perpetual trading volume in 2025, regularly surpassing $10 billion in trading activity.
Furthermore, Base is the largest Ethereum layer-2 blockchain with a total value locked (TVL) of nearly $5 billion. This strong infrastructure provides Avantis with a solid foundation for generating protocol revenues and attracting users. DefiLlama estimates Avantis’ annualized fees at $14.3 million, with the protocol collecting $1.22 million in fees during August alone.
Moreover, Avantis’ TVL has seen a 66% increase in 2025, growing from $13.5 billion at the beginning of the year to $22.4 billion as of Sept. 10. This growth has accelerated since the market bottom in April, jumping 112% from $10.53 billion.
With its volume leadership on Base, consistent fee generation, and strong TVL growth, Avantis has the fundamental support needed for its price recovery. The accumulation of smart money during the airdrop sell-off indicates confidence from profitable traders in Avantis’ fundamentals to support the price action of the AVNT token.
Overall, Avantis’ resilience and strong position within the Base ecosystem bode well for its continued success and potential future growth in the decentralized finance space.