Aerodrome has surpassed the $1 billion mark in total value locked as deposits into the liquidity protocol soared.
Data from DeFiLlama shows Aerodrome, a decentralized exchange platform on the Base, saw its TVL rise by 22% in the past week to hit the landmark $1 billion. This has also coincided with a surge for AERO price, which is up 23% in the past 24 hours and 50% in the past week to change hands around $1.27.
Launched in August 2023, Aerodrome has become the top DEX platform on the Ethereum Ethereum
eth
1.6%
Ethereum layer-2 chain Base. Within weeks of its launch, the protocol had helped Base’s TVL surpass $400 million. Growth has accelerated in 2024, boosted by a Base ecosystem fund launched in February.
DeFiLlama data as of September 27, 2024 showed that Aerodrome Finance’s $1.02 billion total value locked was the highest of all protocols on Base.
As of writing, Base TVL stood at $2.5 billion, having jumped more than 400% since February 2024 when it hovered around $490 million.
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Over a third of Base TVL on Aerodrome
As an automated market maker, Aerodrome provides for a decentralized trading environment where users deposit tokens in liquidity pools. When users deposit crypto pairs, they receive liquidity provider tokens, or LP tokens.
Staking of LP tokens allows users to earn AERO as well as the governance token veAERO.
Growth has seen Aerodrome become the protocol with the highest on-chain trading volume for pools across Ethereum, Bitcoin Bitcoin
btc
1.95%
usdc
-0.18%
USDC and EURC.
With Aerodrome dominating, more than a third of Base TVL is in assets locked in the DEX protocol. Per DeFiLlama data, the next four highest protocols by deposits still don’t account for its $1 billion TVL when combined.
Decentralized finance protocol Aave Aave
aave
1.87%
Aave V3 currently has $236 million in locked assets, while DEX platform Uniswap Uniswap
uni
4.31%
Uniswap ranks third with $222 million. Meanwhile, lending protocols Moonwell and Morpho Blue have $192 million and $151 million in TVL respectively to complete the top five.
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Aave
aave
1.87%
Aave
Uniswap
uni
4.31%
Uniswap
eth
1.6%
btc
1.95%
usdc
-0.18%
Read more about
Base
DEX
TVL
Whales pick between ETH, XRP, DTX Exchange: DTX tops with huge upside potential
September 27, 2024 at 3:00 pm
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Whales pick between ETH, XRP, DTX Exchange: DTX tops with huge upside potential
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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
As an emerging cryptocurrency with plenty of room for growth, DTX Exchange is a whale favorite ahead of Ethereum and Ripple.
Table of Contents
DTX Exchange: 50x upside potential dwarfs ETH, XRP
Ethereum: On track for a new peak
Ripple: Rising adoption
Conclusion
As another bull run approaches, on whales’ radars are Ethereum (ETH), Ripple (XRP) and DTX Exchange (DTX). Their unique value propositions contribute to making them top picks: ETH’s dominance, XRP’s rising adoption and DTX’s upside potential.
While top altcoins have limited upside potential, DTX Exchange stands out with its growth prospects. Hailed as a leading presale, it has plenty of room for growth, making it a must-have.
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DTX Exchange: 50x upside potential dwarfs ETH, XRP
DTX Exchange, a leading crypto to invest in based on several metrics, is a must-have. Its impending adoption as a blend of CEX and DEX sets it up for massive adoption. By also bridging the gap between TradFi and DeFi, it is on course to transform the $3.2 billion global trading market.
The ongoing presale, presenting a good opportunity to invest in the future of trading, has been selling out fast. Over $2.8 million has been raised in early funding amid rising whale interest. As the launch date approaches, experts believe it is on track for a 50x upswing.
Also stirring buzz is its hybrid Layer-1 blockchain, which went live earlier this month. It integrates conventional financial instruments with web3 products, providing access to thousands of asset classes via a crypto wallet. Besides its hybrid model, other key aspects of the protocol are smart contracts and an on-chain order book.
Ethereum: On track for a new peak
Ethereum, popularly known as the DeFi giant, assists with creating decentralized applications (dApps). It also hosts other cryptocurrencies, with its ecosystem the most vibrant in the crypto scene. Its intersection with TradFi via an ETF further contributes to its appeal.
Reflecting broader bullish sentiments, the Ethereum price is on the upside. An 8% jump is evident on the weekly charts, exchanging hands at $2,600. It is on track to retest its annual peak of $4,000, which experts believe will play out in Q4.
Further, a new all-time high is anticipated at the peak of this bull run, placing Ethereum on the list of the best coins to invest in. While it might not be attractive to retailers given its high price, it is nonetheless a good crypto to buy.
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Ripple: Rising adoption
Ripple, a top 10 cryptocurrency, is behind Ethereum, BNB and Solana on the altcoin list. Its key role as a cross-border payment protocol makes it an investor favorite. At the same time, it is on institutions’ radars.
The recent launch of Grayscale XRP Trust extends its reach, with traditional investors now gaining exposure to the payment-based cryptocurrency. Its rising adoption and undervalued price make it one of the best cryptos to invest in.
With the crypto market set to reach new heights this bull run, Ripple is among the altcoins to watch out for. An XRP price prediction hints at a rally past its all-time high of $3.84. On track to jump above $5, it has captured market interest.
Conclusion
The upside potential of Ethereum and Ripple pales in comparison to DTX Exchange, which has more room for growth as an emerging cryptocurrency. A 50x uptick is projected after its launch, contributing to the presale selling out fast.
To learn more, visit the presale website, the DTX website and join the DTX community.
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