Decentralized exchange (DEX) tokens have had mixed sentiments over the past few weeks, failing to live up to their initial hype when they launched. However, some have been making their way gradually.
For instance, Avantis’ AVNT token rallied more than 27% on the day as of press time. This spike followed a quiet market over the last week, with new narratives continuing to do better.
The altcoin outperformed all its peers, like Hyperliquid [HYPE] and Aster [ASTER], among others, in daily gains. Network activity and technical breakouts primarily drove this rally, but what were the details behind it?
Network activity on revival
The network activity skyrocketed on more than four fronts. First, an average of over 200K AVNT in transactions spiked to levels seen in late December 2025. For context, the day saw more than 1,461 transactions of this kind and counting, as per BaseScan data.
This data showed that participants were actively selling and buying the token. In fact, over the past five days, whales had accumulated the token on the Coinbase exchange.
This activity led to a surge in volume even on other exchanges. The total trading volume reached $64.4 billion, with the day’s biggest share on the Upbit exchange.
Upbit commanded more than 46% of all the volume traded on the day. This indicated that Asian investors were the main drivers of this rally.
According to the Avantis Foundation, Base Chain accounted for 75% of Avantis’ derivative market share. The DEX token was also integrated on 25 wallets, which meant more reach. These wallets provide a wide variety of users from across the globe.
In fact, the number of users surpassed 65K when writing, asserting the aforementioned view on participants. This drives the token’s value, as it determines the market sentiment.
Moreover, the Total Value Locked (TVL) passed the $104 million mark. This further highlighted that users were gaining more confidence in the DEX token, hence the locking.
Will Avantis’s price breakout hold?
That is not all there is. The altcoin’s price action outlook mirrored the patterns of network activity.
Avantis price broke out of the falling wedge that had been in place over the past month. The MACD bars were increasing in size with the Choppiness Index below 40. These indicators showed that AVNT was in a strong trend.
Sustaining this momentum in the technical and on-chain terms could see AVNT reclaim the peak of the wedge pattern. The breakout signifies a change in market structure, though higher timeframes need to align too.
Right now, the price is stalling around the $0.36 level, a zone it stayed in the first week of the year. It also coincides with the yearly open, now a resistance, as the price is struggling to breach it.
In the short term, Avantis is biased on the bullish side but bearish over the past month.
Final Thoughts
- Avantis rallies 27%, driven by network activity and technical breakout.
- AVNT faces a decisive test at the yearly open zone, which could define its trajectory in the next few sessions.
