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TLDR:
- AERO token surged by 77% after CB Ventures investment in Aerodrome Finance.
- The Base Ecosystem Fund acquired an undisclosed position in AERO, leading to the price increase.
In a recent development, the native token of liquidity protocol Aerodrome Finance, AERO, experienced a significant surge of 77% in its value following an investment by CB Ventures in the project. The Base Ecosystem Fund, led by CB Ventures, acquired an undisclosed position in AERO, causing the token’s price to rise from 10 cents to nearly 18 cents in a single day. Aerodrome Finance is currently the largest protocol on the Base blockchain with over 30% market share and $132 million in total value locked. The investment in AERO comes as part of the Base Ecosystem Fund’s strategy to support innovative on-chain projects building on Base.
Full Article:
Aerodrome Finance’s AERO token witnessed a significant price surge of 77% following an investment by CB Ventures in the project. The Base Ecosystem Fund, led by CB Ventures, acquired an undisclosed position in AERO, leading to a rapid increase in the token’s value from 10 cents to nearly 18 cents in a single day.
Aerodrome Finance currently holds the position of the largest protocol on the Base blockchain, boasting more than 30% market share and $132 million in total value locked. The Base Ecosystem Fund’s investment in AERO signifies its commitment to supporting the next generation of on-chain projects on Base. The fund has previously invested in projects like Avantis, BSX, Onboard, and others.
Base, a layer-2 network established by Coinbase, has gained a substantial $420 million in total value locked since its launch in June. The investment in AERO is part of the fund’s strategy to nurture innovative projects on the Base blockchain and contribute to the growth of the ecosystem.
