AerodromeFi Achieves 60% DEX Activity on Base Network

user avatar

by Giorgi Kostiuk

2 years ago

AerodromeFi has quickly become the leading decentralized exchange (DEX) on the Base network, accounting for 60% of all DEX activity.

Daily Users Grow by 270%

David Alexander, former MD of Binance Labs, reported that AerodromeFi's daily active users have surged by 270% in the past month, reaching a new high of 27,000. This surge coincides with a substantial rise in trading volume. AerodromeFi processed $3 billion weekly, nearly three times Uniswap's $1.1 billion during the same period.

AerodromeFi now holds a 60% market share in DEX activity, compared to Uniswap’s 30%.David Alexander

AerodromeFi Generates $20 Million in Fees

Last week, AerodromeFi generated over $20 million in fees, ranking among the top 10 protocols globally.

AerodromeFi continues to strengthen its position on the Base network, showing significant growth in both user numbers and trading volumes.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Tether Introduces New Framework to Enhance Bitcoin Mining Operations

Tether has announced a new initiative aimed at simplifying Bitcoin mining operations by integrating existing equipment through a common software framework.

user avatarRajesh Kumar

Electrum Wallet Vulnerability Could Lead to Unintended Payments

Electrum disclosed a vulnerability in its wallet that could lead to unintended payments due to a flaw in fee adjustments.

user avatarLucas Weissmann

US Household Inflation Expectations Increase Ahead of Federal Reserve Meeting

In October 2023, American households raised their inflation expectations to 4.7% for the next year and 3.5% for the long run, according to a survey by the University of Michigan.

user avatarFilippo Romano

XRP Ledger Maintenance Amendment Regains Validator Majority

The XRP Ledger's fixCleanup340 amendment has regained majority support from validators, moving its activation window to November 4.

user avatarEmily Carter

W Group Invests in SwapGlobal for Institutional Pre-IPO Derivatives

W Group has announced its investment in SwapGlobal, which is preparing to offer institutional pre-IPO derivatives.

user avatarTomas Novak

Aave Labs Clarifies V38 Security Upgrade Details

Aave Labs has clarified its proposed V38 security upgrade, focusing on the exclusion of flashloan entry points from the new reentrancy guard, ensuring functionality during liquidations.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.