Aerodrome's Ascent: Coinbase Integration Fuels Massive Growth

Aerodrome's Dominance and Efficiency on Base

Aerodrome Finance has become the most prominent decentralized exchange (DEX) on the Base Layer 2 blockchain, with a total value locked TVL of over $1 billion. Despite its low investment cost, the platform's capital efficiency is noteworthy as it generates almost double the trading volume of Uniswap's top pool with only half the TVL. This efficiency has been a popular choice among users, both from traders and yield farmers. Aerodrome and Moonwell joined forces to create a market on Base that allows users to borrow against tokenized XRP, further expanding the latter's liquidity and utility.

Coinbase Integration Fuels Aerodrome's Growth

The announcement by Coinbase on June 12 to directly integrate Base-native DEXs, including Aerodrome, into its retail application is a significant factor in Aerodynamics' growth and increased visibility. This strategic integration is expected to open Aerodrome up to millions of users of Coinbase, greatly increasing its visibility and potential for increased on-chain trading volume.'". The decision to tap into a vast new user base gives Aerodrome the potential for significant growth in the future.

AEROUSD is gained more than 100% in the past two weeks.  It hits an intraday high of  $0.96500 and is currently trading around $0.9550.

Overall trend remains bullish  as long as support $0.45 remains intact. Watch out for $1.07, any break above targets $1.23/$1.32/$1.50. A robust bullish trend will only materialize above $2.35

Immediate support is around $0.85. Any violation below will drag the price down to $0.69/$0.50. A breach below $0.45 could see AERO prices lower  to 0.30.

It is good to buy on dips around $0.69 with SL around $0.45 for a TP of $.