Aerodrome Surges Ahead on Base Blockchain with Dominant Trading Volume
Aerodrome, the leading marketplace for trading and liquidity on the Base blockchain, is experiencing remarkable growth in its trading volume, particularly in its Slipstream pools. The total trading volume of Slipstream is on the rise, already surpassing 64% of comparable pools and leaving behind formidable competitors like Uniswap V3.
“Aerodrome Volume Dominance on @base 🛫
Aerodrome’s Slipstream volume continues to increase against Uniswap V3. Slipstream now accounts for 64% of the volume across similar pools.
veAERO voters receive 100% of the fees generated by trading volumes. pic.twitter.com/WjbYOIKqPM” – Aerodrome (@AerodromeFi) June 29, 2024
Base Commits to Innovation Without Introducing New Network Tokens
In its mission to bring the world onto the blockchain and foster a new economy driven by innovation, creativity, and freedom, Base has made a noteworthy decision. Unlike many other blockchain networks, Base has firmly stated that it will not launch a new network token. This choice demonstrates Base’s dedication to utilizing existing token structures and refraining from creating new tokens, while placing emphasis on the functionality and utility of the blockchain.
Aside from its visually appealing design and user-friendly interface, Aerodrome stands out with its unique approach to fee distribution. VeAERO voters, the stakeholders with voting rights in the Aerodrome ecosystem, receive all the trading fee revenues on the platform. This model not only incentivizes active participation within the community, but also ensures that the direct benefits are shared among those who actively contribute.
Aerodrome Sets DeFi Trends with Control of Slipstream Pools
The increasing control of Aerodrome over the majority of Slipstream pools highlights its growing dominance over competitors among traders and liquidity providers. This can be attributed to factors such as the efficient fee distribution system for veAERO voters and the robust Base blockchain infrastructure.
For cryptocurrency investors and market participants, these developments are crucial to monitor. The progress of Aerodrome’s volume dominance not only demonstrates the platform’s performance, but also indicates broader trends in the DeFi space.
Lastly, Base continues to actively develop and optimize its platform, while steadfastly sticking to its decision of not issuing new network tokens. The Base ecosystem is proving that decentralized finance and blockchain technology can expand access to capital and contribute to the creation of a global economy.