Decentralized finance project Velodrome Finance saw remarkable growth following its listing on the Binance platform.
Binance Listing
Binance announced the integration of Velodrome Finance's VELO token across various platform services. This announcement led to a near-doubling of VELO's value within 24 hours, reaching $0.24 at the time of writing, with a 70% increase.
Coinbase Investments
Velodrome Finance is a decentralized exchange built on the Optimism network. It also launched the Aerodrome Finance project, which received significant investment from Coinbase.
Future of Velodrome and Aerodrome
With its Optimism-based foundation, Velodrome Finance creates an ecosystem compatible with Ethereum. According to CoinGecko data, Velodrome currently ranks as the top DEX in terms of 24-hour trading volume. The agreement with Binance not only attracts investor interest but also impacts market dynamics. Binance users now have the opportunity to purchase VELO on the specified date. VELO's rapid rise may also positively influence other DeFi projects in the market. The future of Velodrome and Aerodrome Finance remains a significant topic of curiosity among crypto investors.
The deal with Binance and investments from Coinbase underscore Velodrome Finance's significance in the DeFi market, making its future worth observing.
