The broader crypto market was in a bloodbath Friday, but AERO didn’t flinch. While billions in positions were wiped out elsewhere, Aerodrome’s native token held firm—and even rallied—buoyed by milestone achievements and a key Coinbase development.
AERO jumped as much as 52% from its monthly low, reaching $0.7253. That surge came as the rest of the crypto space suffered $1.2 billion in 24-hour liquidations. Not a typo. Traders were getting rekt, but Aerodrome holders had reason to celebrate.
What’s Driving AERO’s Price Boom?
It wasn’t luck or hopium. Two big catalysts fueled AERO’s surprise rally.
First off, Aerodrome Finance hit a major milestone: over $100 billion in transaction volume this year alone. That’s not small potatoes. To put it in perspective, that’s more than 10x what the platform did by this time last year. Back then, it was sitting at $9 billion.
This kind of growth has made Aerodrome the undisputed king of Base Blockchain’s DEX landscape. Its volume even dwarfs that of bigger names like Uniswap and PancakeSwap when it comes to Base activity.
Second, Coinbase dropped a bombshell. The platform announced it’s integrating decentralized exchanges into its ecosystem—yes, that includes Aerodrome. This move means millions of Coinbase users could soon have easier access to AERO and other on-chain assets. An analyst called it a “watershed moment.” Feels like one.
Coinbase’s Role: Not Just Noise, This Time It’s Big
Coinbase has been accused before of jumping on hype trains. This time? It’s different.
The integration of Aerodrome into Coinbase isn’t just a listing. It’s about deeper DEX exposure. Coinbase is moving toward a model that brings serious on-chain access to its user base, and Aerodrome is right at the center of that shift.
Let’s break this down:
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Coinbase previously added Morpho, another DeFi platform.
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Since then, over $561 million in Bitcoin has been collateralized for USDC.
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Aerodrome’s entry is expected to draw similar—if not bigger—flows.
It’s kind of a big deal. It brings Aerodrome into the mainstream spotlight while others are just hoping to survive the week.
Price Patterns Paint a Bullish Picture
AERO’s daily chart isn’t just pretty—it’s textbook bullish.
The token found a solid bottom at $0.2850 in April. From there, it’s been clawing its way up and now trades well above the 50-day Exponential Moving Average (EMA). Traders love that. It usually signals momentum shifting to the bulls.
There’s more. The chart shows an ascending triangle pattern. In plain English: it’s a formation that usually leads to more upside.
Here’s the key setup:
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Upper resistance at $0.7786
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Coincides with the 23.6% Fibonacci retracement level
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If broken, next target is $1.3058 (the 50% Fibonacci level)
That’s a potential 86% move from here.
But caution isn’t out the window. A drop below the ascending trendline? That would throw cold water on the bullish setup. Still, for now, the trend is looking clean.
Aerodrome’s Lead on Base: Numbers Don’t Lie
Let’s talk volume. Aerodrome is the boss of Base. No fluff, just numbers.
Compared to last year, volume has exploded more than 10x. The timing couldn’t be better. As Base continues to gain traction thanks to its association with Coinbase and lower transaction fees, DEXs like Aerodrome are reaping the rewards.
Here’s a quick side-by-side of DEX volumes on Base:
Platform | 2024 YTD Volume (approx.) |
---|---|
Aerodrome | $100B+ |
Uniswap on Base | $15B |
PancakeSwap Base | $8B |
The thing is, Aerodrome isn’t just winning by being first—it’s winning by being better. More user-friendly interface, deeper liquidity pools, and—most importantly—a community that’s not going anywhere.
Meanwhile, Bitcoin Pepe Stirs Meme Coin Hype Again
While AERO was climbing the DeFi ladder, another player made noise for very different reasons: Bitcoin Pepe.
This new meme token is currently in presale, and it’s already raised over $14 million. That’s no joke. The premise? Bringing meme coin mania to the Bitcoin network, which historically hasn’t played nice with these kinds of tokens.
The idea is to create a new standard—PEP-20—that will let developers launch meme tokens on Bitcoin just like they do on Ethereum or Solana. Bold.
Evidence suggests it could work:
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Bitcoin layer-2s like Core and Stacks have attracted big money.
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Staking platforms like Solv Protocol and Lombard now hold over $9 billion in assets.
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Bitcoin NFTs, aka Ordinals, already made headlines earlier this year.
So yeah, the appetite is there.
And what’s next? On June 17, the devs behind Bitcoin Pepe will announce the token’s official listing date. That’s likely to generate even more buzz.
But let’s not get ahead of ourselves. Bitcoin Pepe is still in presale. AERO, on the other hand, is already delivering. There’s a difference between potential and proof. Right now, AERO’s got the latter.