Avantis, a derivatives exchange built on the Base blockchain, has raised $8 million in a Series A funding round co-led by Founders Fund and Pantera Capital. The capital injection aims to accelerate Avantis's vision of creating a universal decentralized finance (DeFi) leverage layer that supports a wide range of assets including gold, foreign exchange, oil, equities, cryptocurrencies, and sports markets. Over the past year, Avantis has become the largest derivatives decentralized exchange (DEX) on Base, with over $7.5 billion in trading volume. The funding round and Avantis's growth have been recognized by several venture capital firms and blockchain projects, highlighting the ongoing evolution of onchain markets.