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By Crypto Economy
After a week of steady growth, AERO, the governance token of Aerodrome Finance, is back in the spotlight. The token surged more than 14% in the last 24 hours and 71.12% on the weekly chart, trading at $0.9327 with a market capitalization of $783.85 million. This spike came as the total value locked (TVL) on the platform exceeded the $1 billion threshold, placing Aerodrome among the leading players in DeFi on Base, a rapidly growing Ethereum layer 2 scaling solution.
AERODROME STRENGTHENS ITS DOMINANCE AS BASE GROWS
While Bitcoin and Ethereum experienced a slight pullback, AERO is defying the downward trend. Bullish technical indicators, including a breakout from a falling wedge, are driving the momentum. The token is currently testing its February highs around $1, a level that could signal a long-term uptrend if broken. On-chain indicators show rising open interest and a negative funding rate, both signs that short positions are being liquidated, further fueling the rally.
The Aerodrome protocol also showed a surge in trading volume, generating over $600,000 in fees over the last 24 hours and more than $15 million in the last month. Its integration with on-chain services of Coinbase has broadened retail access, but institutional interest could prove to be a more powerful catalyst.
JP MORGAN'S MOVE CONFIRMS DEFI AND LEVEL 2 ECOSYSTEMS
Institutional adoption made a significant leap this week as JP Morgan confirmed it launched a USD deposit token (JPMD) on Base through its blockchain division Kinexys. In a post on X, Base highlighted the speed and efficiency of sub-second, sub-cent transactions, which are ideal for real-time liquidity and near-instant settlement. This development not only validates Base but also boosts confidence in protocols like Aerodrome operating within its ecosystem.
Market observers are now closely watching the GENIUS Act, which could create a safer, regulated environment for DeFi and stablecoins. If approved, this law could pave the way for a new wave of capital into platforms like Aerodrome, from both institutions and retail investors seeking reliable alternatives in the crypto economy.
At this point, AERO bulls are targeting the $1 mark and potential new highs in the third quarter of 2025.
#MarketRebound , #Сryptomarketnews
