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.

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.

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.