Avantis Raises $8M Series A and Launches Perpetual Derivatives Exchange on Base Blockchain
Avantis, a decentralized derivatives exchange built on the Base blockchain, has officially launched its perpetual trading platform following a highly successful two-month testnet with over $5.5 billion in volume and 50,000+ users. The platform currently offers up to 75x leverage, innovative loss protection through rebates, and supports 22 trading pairs. Avantis recently raised $8 million in a Series A round led by Founders Fund and Pantera Capital, with participation from Coinbase Ventures and Alameda Research. The fresh capital will drive further platform development, enhance security, and support user acquisition. This funding round and mainnet launch underscore increasing investor confidence in onchain crypto derivatives and highlight Base as an emerging hub for decentralized trading platforms. Partnerships with Chaos Labs and audits from Zellic and Zokyo further emphasize Avantis’ focus on security and innovation. Traders should watch for new feature rollouts and broader integrations as Avantis aims to bolster both onchain derivatives trading and the stablecoin economy on Base.
Bullish
The successful $8M Series A funding led by prominent investors like Founders Fund and Pantera Capital, combined with Avantis’ mainnet launch and strong testnet performance, highlight growing industry support for decentralized derivatives platforms built on emerging chains like Base. Launching unique features such as high leverage, loss protection, and security collaborations further strengthens Avantis’ position. These developments are likely to drive increased trading activity and liquidity on Base, boost overall trader confidence in onchain derivatives, and attract further capital and integration. Historically, well-funded DEX launches with strong initial user traction have had a bullish short- to mid-term impact on the associated blockchain ecosystem (here, Base), as they foster network growth and showcase the chain’s capabilities. This positions Avantis and the Base ecosystem for potential upward momentum.