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Avantis Labs has completed a $4 million seed round of financing, with Pantera Capital leading the investment.

BlockBeats reported on September 26th that Avantis Labs, a DeFi derivatives trading platform, has completed a $4 million seed round of funding. The round was led by Pantera Capital, with participation from Founders Fund, Base Ecosystem Fund under Coinbase, and Modular Capital. The new funds will be used to develop Avantis, its flagship product, which is a perpetual contract trading and market-making protocol.
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Last week, there were a total of 15 financing deals with a combined amount of approximately 285.21 million US dollars, and an average financing amount of 19.014 million US dollars.
Sui's research in scalability and consensus improvements enables it to support mass adoption.
The total number of financings last week was 18, with a total amount of approximately US$118.3 million and an average financing amount of US$6.5722 million.
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