Aerodrome Finance gained over 25% in 24 hours, supported by Coinbase’s new DEX feature and strong Base ecosystem token activity.
Daily trading volume for AERO rose more than 420% to $166 billion as the token moved from $0.81 to $1.06.
Coinbase’s DEX integration introduced millions of app users to Base-native assets, benefiting leading Base protocols, including Aerodrome Finance.
Aerodrome Finance recorded a sharp price increase after Coinbase announced the launch of in-app decentralized exchange trading with Base integration on August 8. The AERO token advanced more than 25% in 24 hours, climbing from $0.81 to $1.06.
The rally coincided with a surge in daily trading volume, which rose over 420% to reach $166 billion. This expansion in activity allowed Aerodrome to outperform other Base ecosystem tokens, including Virtuals Protocol, which posted smaller gains.
Coinbase Opens DEX Access to Base Assets
Coinbase’s new feature enables its app users to trade millions of decentralized assets directly, including those native to the Base network. The integration covers tokens from leading Base projects such as Virtuals AI Agents, Reserve Protocol, and SoSo Value indices.
As the primary decentralized exchange protocol on Base, Aerodrome is set to provide trading infrastructure to millions of Coinbase users. This positioning contributed to the strong market response as investors anticipated increased liquidity and user activity.
Broader Market Sees Moderate Gains
While the overall cryptocurrency market rose 1.7%, Base tokens recorded an average 4.5% increase. The total market capitalization for Base tokens reached $65 billion, with Aerodrome Finance accounting for approximately $890 million.
Following the Coinbase DEX launch for select U.S. users, Aerodrome extended its weekly increase to 38%. The current momentum comes as the token trades well below its December 2024 peak of $2.33, signaling that the market has room to assess further developments.
