#AVNT
https://x.com/i/broadcasts/1lPKqvDQNaeGb link on X for everyone to easily follow.
I have watched and summarized a few key points:
Fundraising round seeding 1, sponsored and supported by
Pantera, an official layer of CoinbaseAvantis upgrades to V2.0 to increase processing speed
to reach ten times the current maximum, up to 1.5 billion transactions with Avantis V2 being
built and upgraded in the next 6 months.Of course, interesting experiments also take eight
month of research, upgrading smart contracts, and risk analysis, but the launch
in April was an interesting experiment for Avantis. And since then, the volume
of transactions has skyrocketed, winning fees, basically profit-sharing fees have
soared. Liquidation fees have also surged with leveraged traders
high. Quoting Sehaj: "Overall, protocols truly benefit from this
linkage. And people are unable to create these types of leverage on
order books like Hyperliquid or Binance. And so, they come to us, where
Hyperliquid traders have come to Discord and said, I want a long position
with leverage x100. I cannot do that
on Hyperliquid, but I can do that on Avantis with the same level of
funding for small leverages, as we can take the spread from
Binance and Hyperliquid.Building long-term leverage with increasingly low fees
, risky trades and high profits will have higher funding.Referring to the 4M$ Sybil attack, the attitude
is dovish when mentioning that this token spam can bring in transaction fees for
Avantis Foundation. Devs are considering a buyback solution when necessary,
emphasizing that when it is undervalued compared to reality. The fund in the vault of
the devs is currently valued at over 100M dollars, so this is entirely feasible.
In summary, it reinforces the hypothesis I presented yesterday. Generally, in the near future, Devs will have a plan to buy back tokens and pump the price as forecasted.
Overall, this is still one of the best-performing projects currently in operation. To be honest, determining the exact timing for token release is still very difficult, but in my opinion, the price of AVNT can completely exceed a 10B dollar cap, so by then selling vesting tokens will not be too late. From the interview, we can see the vision of Devs operating Avantis like a business company such as Coinbase, not just a technical project for pump and dump. Btw, let's see how far it could reach.
$AVNT
