Coinbase Ventures has invested in AERO token, marking its largest stake in trading assets.
Coinbase's Investment in AERO
Coinbase Ventures, the investing arm of Coinbase, has poured over $20 million into AERO. Market experts see this move as a bullish signal. Arthur Cheung, founder of crypto venture capital firm DeFiance Capital, noted that this is Coinbase Ventures' largest ever token purchase from the open market.
Aerodrome Finance's Growth
Aerodrome Finance is the largest liquidity provider and decentralized exchange on the Base platform. In less than a year, its trading volume share reached 8%, holding nearly half of Base's total locked value. Coinbase analyst David Han highlighted that Aerodrome accounts for 47% of Base's total locked value.
AERO Token's Price Prospects
Recently, the AERO token price has seen substantial growth, with a 1400% increase year-on-year and currently valued at $1.39. The daily price chart shows the token maintaining strategic support levels. Overcoming current resistance could push its price to $2, offering significant profit potential.
Coinbase's investment in Aerodrome Finance and its growing influence in the Base ecosystem highlight AERO token's significant potential.
