Why did I present $AVNT to you in the last basket update?

$HYPE ​Hyperliquid’s success is based on two main pillars:
It has its own independent L1 chain and provides a flawless order book experience.
AVNT, Avantis, on the other hand, runs on a synthetic AMM model based on an Oracle and is positioned on Base. Therefore, they are not direct technical competitors, but as ecosystem beta, they can definitely be correlated.
Alongside crypto, Avantis has a synthetic structure that offers up to 500x leverage on-chain for Forex, commodities, and traditional financial indices.
Considering Coinbase’s support behind the Base network, this RWA hybrid structure is its biggest advantage in the long run.
According to the mechanism announced recently, 30% of the platform’s daily trading fee revenues are directly used to buy AVNT from the market and burn it.
As the platform’s volume grows, a deflationary pressure on the token has started to build.
Compared to Hyperliquid’s billion-dollar valuation, AVNT’s market cap—which carries the potential of a small-scale niche monopoly—would, in my view, create room for upside in a potential Base DeFi rally.
While the Hyperliquid FOMO is ongoing, smart money always waits its turn, looks for alternatives that haven’t yet lifted off from the bottom, and have strong underlying fundamentals.
Avantis fits this description both as one of the main derivative players on the Base network and with the newly introduced 30% fee buyback mechanism.
However, it would be most sensible to build a phased strategy while remembering that only 3/1 of the supply is still in circulation and taking the token unlock schedule into account.