Coinbase Expands Portfolio with the Addition of Aerodrome and Velodrome, Boosting the Crypto Market

• Coinbase adds Aerodrome and Velodrome to its offering, reflecting an increase in LTV and token appreciation.
• Both projects, highlighted by competitive fees and NFT tokens, strengthen its position in the crypto market.

This week, Coinbase, one of the leading cryptocurrency exchange platforms in the United States, added two emerging altcoins, Aerodrome Finance (AERO) and Velodrome Finance (VELO), to its list of listings, marking an important milestone in the recognition and accessibility of these cryptocurrencies in the market.

Aerodrome Finance, a platform operating on Base, the Ethereum (ETH) layer 2 scaling solution developed by Coinbase, is presented as a liquidity and trading marketplace. This project emerges as a fork of Velodrome, which operates on Optimism (OP), another layer 2 scaling system for Ethereum.

AERO’s inclusion in Coinbase has had a direct impact on its value, registering an increase of more than 69% in the last 24 hours, ranking 1113th in terms of market capitalization, with a price of $0.0747 per token.

Native $USDC has officially flipped $USDbC on Aerodrome. 🛫

If you are a protocol incentivizing liquidity on @base, you can qualify for a portion of $50,000 in $USDC voting incentive boosts each month.

Learn more below. https://t.co/NnpvRaWCZg pic.twitter.com/MLVbHcbs09

— Aerodrome (@aerodromefi) January 26, 2024

In parallel, VELO, Velodrome’s native token, has experienced a significant increase, surpassing 35% in the last day. This asset, ranked 753rd in terms of market capitalization, is currently trading at $0.056.

Both Aerodrome and Velodrome offer non-fungible tokens (NFTs) that users can use to participate in voting on token issuances and receive incentives and commissions generated by the protocols.

These projects stand out for promoting token exchanges with competitive fees and minimal price deviation, making them attractive options for investors and platform users.

In terms of Total Locked-in Value (TVL), Aerodrome leads in Base, reaching almost $116 million according to DeFi Llama, a decentralized finance aggregator. Velodrome, meanwhile, ranks second in Optimism’s network, with more than $135.6 million in LTV. These numbers reflect the strength and growth of both ecosystems, underscoring their potential in the market.

Coinbase, by setting its listing roadmap in 2022, seeks to promote transparency and reduce the possibility of speculation in the face of new trading support announcements. With the inclusion of Aerodrome and Velodrome, the platform not only expands its cryptocurrency offering, but also gives its users access to emerging projects with differentiated value propositions and growth potential in the cryptocurrency sector.

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