Aerodrome AERO Climbs to a 6-Month Peak: What’s Fueling the Expansion?

AERO, the primary coin that powers Aerodrome, the DEX on Base, is currently trading at a peak not seen in six months. As of the latest news, AERO crypto is being exchanged at $1.12, with its market capitalization nearing the significant $1 billion mark, according to Coingecko data.

With AERO2 (No data) soaring, the DEX ranks among the 20 most valuable crypto initiatives, and its position could improve further, surpassing Lido DAO and Bull run.fun if the positive momentum from the past week continues.

AERO Crypto Skyrockets With 60% Bull run

This remarkable rally, characterized by a 60% price increase within just a week, has effectively established Aerodrome as a leading candidate for a upward movement in Decentralized finance and the broader crypto landscape. Analyzing the daily chart, AERO crypto has comfortably surpassed the double peaks from June and July, where price ceiling was located at $1, a critical psychological benchmark.

The bullish trend is expected to persist this week, as buyers hodl the upper hand, and bears have little chance of reversing the significant growth. As long as buyers uphold the $1 level, opportunities to take advantage of crypto market dips may arise, targeting $2 and December 2024 peaks around $2.4 in upcoming trading sessions.

This forecast is not unrealistic. Currently, Aerodrome is recognized as a premier DEX on Base, an ETH layer-2, and the rise in AERO crypto prices is driven by a combination of various factors. Together with favorable legal developments in the crypto and DeFi sectors within the United States, the direction for AERO crypto appears uptrend.

DISCOVER: Top New Cryptocurrencies to Consider in 2025

Coinbase Set to Integrate Aerodrome and Base DEXes

This past weekend, Coinbase, one of the largest centralized exchanges globally with over 100 million users, embraced DEXes operating on Base.

In a recent update, Coinbase stated it will integrate DEXes on Base into its application. This development allows millions of Coinbase users to trade AERO and other Base tokens directly on the centralized protocol without complications.

This agreement means that users eager to exchange via Aerodrome, provided they are Coinbase members, won’t need cumbersome wallets. The beauty of this integration lies in the absence of the need for separate applications.

As the largest DEX on Base, the Coinbase announcement has essentially positioned the DEX at the forefront of DeFi, explaining why AERO is surging, smoothly surpassing price ceiling levels.

Additionally, Coinbase One subscribers can trade on Aerodrome without incurring fees.

Furthermore, those who stake 2,500 AERO receive an added 30% increase in staking rewards and trading benefits, an appealing incentive that enhances the appeal of holding AERO as a yield-generating asset, contributing to the current buying frenzy.

DISCOVER: 20+ Cryptos Expected to Explode in 2025

Is the Flashblocks Rollout via BASE Behind AERO’s Bull run?

Nonetheless, Aerodrome isn’t merely benefiting from Coinbase’s momentum. Last month, Aerodrome integrated Flashblocks, a feature within Base designed to enhance transaction speeds by as much as 10X.

As an Ethereum layer-2, Base aims to keep costs down while expediting transaction processing. The addition of Flashblocks enables Base to offer near-instant transactions without compromising on precision.

This integration results in a more enhanced trading experience. In particular, available volume providers can earn greater profits due to significantly reduced slippage.

Owing to Flashblocks, Aerodrome is now handling increased volume and enhancing its total value locked (TVL). According to DefiLlama, Aerodrome has recorded over $20 billion in DEX transactions over the last 30 days, generating upwards of $17 million in trading fee revenue as a result.

(Source)

That figure is set to increase as Decentralized finance gains traction, bolstered by the Coinbase partnership.

DISCOVER: 9+ Best High-Risk, High-Reward Cryptos to Invest in 2025

The post Aerodrome AERO Surges To a 6-Month High: What’s Driving Growth? appeared first on 99Bitcoins.