Aerodrome Finance’s native token AERO surged 152% Tuesday after Base Ecosystem Fund acquired a position in it.
Aerodrome Finance is recognized as the predominant liquidity protocol on the Base blockchain, commanding a market share exceeding 30%. With $134 million in total value locked (TVL), as reported by DefiLlama, Aerodrome’s prominence in the blockchain ecosystem is undeniable.
The Base blockchain, a layer-2 network established by Coinbase, has garnered significant attention and growth, amassing $420 million in TVL since its inception in June.
The involvement of the Base Ecosystem Fund in Aerodrome Finance was publicly announced via a tweet from Aerodrome, expressing enthusiasm for the partnership and the shared vision for the future development of the Base ecosystem.
Following the announcement, AERO’s market price saw an immediate and significant upswing, trading over 26 cents after having started Monday below 10 cents, according to CoinMarketCap. The price movement indicates a positive market response to the investment, and the potential investors see Aerodrome’s role on the Base blockchain.
Moreover, Base’s investment in AERO is part of a broader strategy of supporting emerging projects in the blockchain space.
Before this investment, the fund had already supported various projects in October, including Avantis, BSX, Onboard, OpenCover, Paragraph, and Truflation.
Credit: Source link
Bitcoin 
Ethereum 
Tether 
BNB 
Solana 
USDC 
XRP 
Lido Staked Ether 
Dogecoin 
Toncoin 
Cardano 
Shiba Inu 
Avalanche 
TRON 
Polkadot 
Wrapped Bitcoin 
Bitcoin Cash 
Chainlink 
Polygon 
NEAR Protocol 
Internet Computer 
Litecoin 
LEO Token 
Uniswap 
Dai 
First Digital USD 
Ethereum Classic 
Aptos 
Hedera 
Cosmos Hub 
Cronos 
Stellar 
Filecoin 
Mantle 
Stacks 
Immutable 
OKB 
Pepe 
XT.com 
Renzo Restaked ETH 
Optimism 
Render 
Arbitrum 
Sui 
dogwifhat 
Kaspa 
Wrapped eETH 
Maker 
VeChain 
Bittensor 
