Coinbase Moves Base Chain to Its App: AERO Rises 35%, Eyes on Aerodrome

While there is unease in the overall crypto market due to geopolitical uncertainties, Aerodrome Finance (AERO) has shown a strong upward trend contrary to this atmosphere. Coinbase's direct integration of the Base chain into its mobile application has significantly accelerated Aerodrome's user access, boosting the token price.

AERO Has Risen with Integration News

After Coinbase announced that it would now offer decentralized exchange (DEX) transactions on Base through its own application, the price of AERO rose by up to 35%. Although a brief correction followed, returning some of those gains, the token is still trading at around $0.62 with over a 13% daily increase.

This development has made Aerodrome stand out not only in terms of price but also in its strategic position within the DeFi ecosystem.

DEX Access via Coinbase: A New Era for Users

Coinbase's move aims to merge the centralized exchange experience with on-chain infrastructure. Now, users can conduct DEX transactions on Base without leaving the Coinbase app. This not only simplifies the user experience but also increases the liquidity flow on Base.

Aerodrome directly benefits from this integration as the main DEX on Base. Users can earn a share of transaction fees by locking their AERO tokens, and this model increases the protocol's appeal in terms of total locked value (TVL).

TVL and Competition: Morpho Takes the Lead, Aerodrome in Pursuit

According to DeFiLlama data, Aerodrome currently holds a strong position with approximately $950 million in TVL. However, recently, its competitor Morpho on Base has taken the lead with a TVL of $1.03 billion.

Morpho attracts investor interest by offering more efficient interest rates thanks to its direct matching lending mechanism. Nevertheless, Aerodrome's integration advantage and user base on Base still keep it as an important DEX player.

Leading Players in the Layer-2 Race

Base, Coinbase's Ethereum Layer-2 solution, stands out among developers and DeFi projects due to its low transaction fees and high speed. This further increases Aerodrome's strategic importance as a liquidity hub on Base.

With institutional and individual investors increasingly turning to Layer-2 solutions, Aerodrome is expected to be a cornerstone of this new wave of infrastructure.

Conclusion: A Critical Turning Point for Aerodrome

Despite the fluctuations in AERO's price, fundamental developments hold strong potential in the long run. Coinbase's integration of millions of users into the Base network could expand Aerodrome's reach and increase its competitive advantage in the DEX market.

This development is also seen as part of the 'on-chain writing' vision and could be a turning point for reaching more users in on-chain financial services.


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