Veranta reports $58M in open interest, 80K traders in 30 days

Summary

Veranta, formerly known as Avantis, has officially launched version 2 of its trading platform, focusing on creating an accessible onchain venue for global markets. Since its rebranding in mid-September 2026, the platform has successfully grown its open interest to over $58 million and has attracted more than 80,000 traders. Operating natively on Base, Veranta aims to innovate by prioritizing Upside Perps and zero-commission real-world asset (RWA) trading, with plans to expand to over 500 RWA markets and introduce features like sentence-based agent trading.

Analysis

Yush: Yush, known as Piyush D on X as @314yush, serves in a growth and ecosystem role at Veranta, where he has focused on product development and market positioning since the project's early days. He publicly addressed the team's efforts in refining the platform through v2 testing and shaping its vision for accessible onchain global markets. Veranta: Veranta is an onchain perpetuals trading platform built on Base that enables leveraged trading of crypto, forex, commodities, equities, and other assets with USDC as collateral. It emphasizes trader-aligned features like Upside Perps, zero-commission RWA markets, 24/5 equities trading, and an SDK for agents and builders. The platform, recently rebranded from Avantis, is expanding liquidity and access for global markets directly onchain. Rebrand: Veranta was formerly known as Avantis and publicly rebranded in mid-September 2026 to reflect its evolution into a broader onchain venue for global markets. Product Focus: The platform has prioritized Upside Perps and zero-commission RWA trading while planning expansion to over 500 RWA markets and advanced features like sentence-based agent trading. Base Integration: Veranta operates natively on Base, with the ecosystem fund as an investor, enabling low-cost, secure onchain trading and SDK support for seamless agent integration.

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