Aerodrome Finance’s native token AERO surged 35% after Coinbase integrated Base chain decentralized exchange (DEX) services into its application. The move significantly boosts AERO’s visibility and accessibility within the Layer-2 decentralized finance ecosystem by exposing the token to Coinbase’s extensive user base.
The integration establishes Aerodrome as a leading DEX on the Base network, with its total value locked nearing $950 million and daily trading volume exceeding $500 million. Coinbase’s implementation merges centralized exchange convenience with decentralized trading capabilities, enhancing user experience while improving liquidity for Aerodrome.
This strategic positioning highlights Aerodrome’s growth potential in the competitive Layer-2 landscape, despite protocols like Morpho maintaining higher TVL metrics. The development reflects a broader industry trend where centralized exchanges increasingly incorporate decentralized functionalities to address evolving market demands.