US-based cryptocurrency exchange coinbasecontinues to update its “listing roadmap” in line with the principle of transparency. With its recent announcement, the stock exchange announced that the Aerodrome Finance (AERO) and Velodrome Finance (VELO) listings will be activated soon. stated.
Assets added to the roadmap today: Aerodrome Finance (AERO) and Velodrome Finance (VELO)https://t.co/rRB9d3hSr2
NEWS CONTINUES BELOW— Coinbase Assets 🛡️📞 (@CoinbaseAssets) January 25, 2024
Aerodrome Finance, the Ethereum layer-2 scaling solution offered by Coinbase, is also known as the trading and liquidity market running on the Base network. While the solution in question comes with a different technical infrastructure; It also serves as a fork of Velodrome, which runs on Ethereum layer-2 solution Optimism. Velodrome is also known as the trading and liquidity market on the Optimism network.
Local token AERO rose by over 70% to $0.0747 with the announcement. The altcoin continued its rise, ranking 1113th by market capitalization. on the other hand velodrome‘s native token, VELO, increased by up to 35% during the same time period. VELO, which ranks higher by market value, maintained its 753rd place and increased its price to $ 0.056.
As we reported as Koinfinans.com, the structure of the network works on NFT basis, unlike rival networks. Participants have to host NFTs to benefit from different fees such as voting and incentive fees. However, the basic principle of the projects is to make local token transactions as affordable as possible and to keep the differences between transaction prices limited.
According to DeFi Lmaya, there is approximately $116 million in total value locked in the Aerodrome network. this too base This makes it the best protocol in the solution. The total value locked in the Optimism network at Velodrome is 135.6 million dollars, making it known as the second best protocol on the network.