Bitget Wallet and Base’s Aerodrome DEX Partnership

Bitget Wallet announced on August 22 its integration with Base’s Aerodrome DEX, allowing users to trade cbBTC, cbETH, and related assets directly from the wallet.

This integration enhances user accessibility and strengthens Base’s DeFi infrastructure, potentially boosting liquidity and utilization of Base-native assets like cbBTC and cbETH.

Bitget Wallet Enhances DeFi Access with Aerodrome Integration

Bitget Wallet’s integration with Aerodrome DEX allows users direct access to Base-native assets via its non-custodial app. The wallet enables seamless token transactions, participation in liquidity pools, and earning rewards. Notably, users can pay for gas without holding ETH, enhancing accessibility.

This integration creates a streamlined trading environment for assets like cbBTC and cbETH, increasing liquidity flows in the Base network. It aligns with Coinbase’s Layer 2 vision to bolster DeFi adoption through simplified access routes.

Industry insiders note improved execution paths and trade efficiencies as immediate advantages. Jamie Elkaleh of Bitget highlighted the synergy, stating, “Bitget Wallet gives its users easy in-app access to the top-performing liquidity infrastructure in the Base ecosystem.” Alex Cutler of Aerodrome also remarked on the unprecedented execution reliability for core assets.

Market Impact and Future Potential of the Partnership

Did you know? Wallet integrations with Layer 2 ecosystems have historically driven wallet adoption and liquidity enhancement, setting precedents for Bitget and Base’s latest integration.

According to CoinMarketCap, Coinbase Wrapped BTC (CBBTC) is currently priced at $112,938.07 with a market cap of $5.35 billion. Trading volume in the last 24 hours reached $353.78 million, marking a decrease of 17.90%. Price changes over 30 days reflect a -5.15% adjustment, yet 60-day data shows an increase of 11.61%.

CoinCu research indicates the potential for liquidity expansion and trading volume increase in the Base network following Bitget’s integration. Historically, such collaborations contribute to enhanced user engagement and sustained liquidity growth across DeFi infrastructures.