Veranta

Veranta is a decentralized exchange built on the Base blockchain that specializes in perpetual futures contracts for both cryptocurrency and real-world assets such as foreign exchange pairs, commodities, stock indices, and equities. It positions itself as the largest real-world-asset perpetuals DEX in decentralized finance, aiming to bring institutional-grade trading products to anyone with a wallet. The protocol targets traders who want access to leveraged exposure — up to 500x — in a transparent, permissionless setting without relying on a centralized intermediary.

Veranta operates as a DeFi application on Base, meaning trade settlement and liquidity are managed by smart contracts rather than a central party. Its flagship product, Upside Perps, is structured so that traders only owe fees when a trade closes in profit, which differs from traditional perpetual models that charge fees regardless of outcome. The AVNT token exists within this ecosystem, though the data stored here does not specify its precise governance or fee-distribution mechanics beyond its presence as the protocol's native asset.

Veranta generates fees from trading activity on its platform, paid by users who open and close leveraged positions. Over the trailing 30 days the protocol collected 941,304 USD in fees, and over the trailing 12 months it collected 29,609,991 USD. Fees over the most recent 24-hour period stood at 44,652 USD, and the 30-day fee figure has grown 293.07 USD in absolute terms over that same window. Annualizing the trailing 30-day pace produces an annualized fee figure of 11,452,532 USD; the data does not specify what share of collected fees is distributed to token holders versus retained by the protocol.