Avantis (AVNT) Burn

The 0x…dEaD wallet of the AVNT contract on Base (0x696f…4f1) held 4,145,643 AVNT on the morning of 3 Sep 2026 — 0.41% of the 1B supply. On-chain total supply is therefore 995,854,357; CoinGecko still lists 1B because it does not subtract the dead wallet. The point this ledger wants to make clear: although AVNT launched on 9 Sep 2025 and the buy-and-burn has been described as running "from day one", the dead wallet received only dust before March 2026 (10⁻¹⁸ AVNT on 9 Sep 2025, 2×10⁻⁵ on 12 Dec 2025) — test transactions, by this ledger's reading. The first real buy-and-burn fills came on 9 Mar 2026 (1.5 AVNT across 23 trial fills), and from 10 Mar 2026 the programme has run steadily: 18,014 AVNT on the first day, then four fills a day without a gap.

By month: Mar 2026 burned 854,713 AVNT (from the 9th), Apr 2026 852,171 — the record day was 6 Apr with 139,338 AVNT, $18.9k — then May 607,082, Jun 759,998, Jul 666,487, Aug 373,722. August was only 44% of April because fees fell; the current pace is 5,000–25,000 AVNT a day, about 4–5M a year, or 0.4–0.5% of supply. 758 fills in total, all from the Avantis Foundation buyback wallet 0xa758…1410.

Avantis's docs say 30% of daily opening, closing and win fees go to buy-and-burn; margin fees go 100% to liquidity providers and liquidation fees 100% to the treasury, neither participating. This ledger's revenue column is DefiLlama's dailyFees — every fee users pay — so the measured ratio is systematically below 30%: 12.0% in April, 12.6% in May, 14.5% in June, 15.0% in July, 15.6% in Aug 2026. Working backwards, eligible fees make up roughly 40–52% of total fees and are rising — this ledger's estimate, since Avantis publishes no fee breakdown. The month-to-month stability shows the formula is executed consistently; there is no sign the share has yet been raised to 50% as per the roadmap.

Total spent: $514,921 for 4,132,796 AVNT since March — an average purchase price of $0.125, above where AVNT has traded since mid-2026; with a buy-and-burn that is not a book loss (the tokens are gone), but it shows the programme has bought through a one-way decline. Because the burn is fee-linked, the figure to watch is dollars spent per month: $126k in March, $118k in April, down to $34.6k in August.

Avantis's fees per DefiLlama climbed through 2025: $255k in April, $736k in July, $1.22M in August, $2.11M in September (the TGE month), peaking at $4.23M in October with a record day of $453k on 10 Oct 2025 — the day the whole perp market cascaded into liquidations. Then an almost uninterrupted descent: $1.81M in November, ~$2M in December and January 2026, $960k in February, $1.55M in March (the month burning started), then $982k, $718k, $578k, $404k, and $221k in Aug 2026 — 95% below the peak. The last thirty days brought only $199k; lifetime fees since March 2024 are $24.1M, most of it earned in the six months around the TGE.

Price tracked fees: AVNT peaked at $2.64 on 21 Sep 2025, less than two weeks after the TGE, and bottomed at $0.0778 on 3 Aug 2026 — a 97% fall from peak to trough. Burning 0.41% of supply in six months was never going to change any of that — for AVNT, the burn is a way of distributing revenue, not a scarcity story.

Circulating supply is 352.4M (35% of supply); 643.5M remains locked. Under the published terms, the team's 13.3% and investors' 26.61% — 399M AVNT together — sit under a 12-month cliff from the TGE, then vest linearly over 30 months: roughly 13.3M AVNT a month from around 9 Sep 2026, growing circulating supply by ~3.8% a month for two and a half years. This is the ledger's estimate from public terms — DefiLlama does not cover AVNT and paid trackers gate the data — so the unlock card on this page is marked as a projection. Against the 374k AVNT burned in August, the monthly release is about 36 times larger; even at April's pace (852k) it is 16 times.

Avantis's roadmap says the buy-and-burn share will rise above 50% after protocol economic upgrades (LP efficiency, liquidity architecture, risk management), with end of Q3 2026 named as the target. Even if that happens, 50% of $221k of monthly fees is still ~$110k — around 1M AVNT at early-September-2026 prices, one-thirteenth of the release. This ledger will spot a share change when the %revenue column jumps from ~15% to ~25%.

Burn = every AVNT transfer into 0x…dEaD on Base, aggregated by UTC day (Dune); the daily series totals 4,132,796 against a dead-wallet balance of 4,145,643, a 12.8k gap made up of fills after the 00:00 snapshot and pre-March dust. Buy and burn are one instruction, so there is no separate buyback column; the ≈USD column is burn × that day's AVNT/USDT price, and %revenue divides it by the avantis slug's dailyFees on DefiLlama (the slug's dailyRevenue is zero — DefiLlama has not split out the protocol's share). State reads the dead wallet daily over Base RPC; price, market cap, ATH/ATL from CoinGecko. The unlock schedule is a manual estimate from public terms, not an on-chain source.