Avantis (AVNT) - An Emerging Competitor to HyperLiquid and MYX - Worth Investing In?
Perpetual Decentralized Exchanges (Perp DEX) have arguably been the most prominent trend recently, particularly due to the unexpected success of HYPE and the remarkable growth of MYX. Not missing this trend, Avantis emerges with high expectations of replicating some of the success of these predecessors. After experiencing the platform's features firsthand, here are some notable highlights:
A user-friendly, basic interface that's easy to navigate.
A diverse range of trading pairs for users to choose from, including unique assets like forex, gold, silver, and metals—features not yet available on HYPE or MYX.
Despite being a new platform, Avantis has introduced a convenient Borrow feature (asset lending/collateralization) with attractive interest rates.
Transaction fees are a standout feature of Avantis: zero initial fees, with fees only applied when profits are made.
Backed by Pantera Capital, Avantis is endorsed for its credibility and safety for users.
The platform's transaction speed relies on the Base infrastructure, boasting low latency and fast processing, suitable for high-leverage trading (up to 500x).
Staking offers a high APR of up to 22.56%.
Challenges and Risks:
High APR staking could lead to inflation.
The token currently lacks diverse use cases within the project.
Strong volatility in real-world asset prices could impact LPs and stakers.
Although a new project, Avantis demonstrates significant potential to grow and compete with established projects in the same sector. As such, despite a price dip following a hot growth phase upon listing on Binance and Upbit, there is potential for AVNT to regain upward momentum. Close monitoring and seizing opportunities after a period of consolidation are recommended.
Disclaimer
The information provided in this content is for informational and educational purposes only and does not constitute financial, investment, or trading advice. DYOR
