Aerodrome Finance Surges 5.25% as DeFi Leader on Base Blockchain

Aerodrome Finance's latest price was $0.8991, up 5.247% in the last 24 hours. Aerodrome Finance has been making significant strides in the decentralized finance (DeFi) space, particularly on the Base blockchain. As the second-largest liquidity hub on Ethereum’s layer-2 Base blockchain, Aerodrome has demonstrated resilience and dependability since its launch nearly two years ago. The protocol processes a daily average of $500 million in decentralized exchange volume, surpassing even Uniswap’s volume on the Base chain. This positions Aerodrome as a leading DeFi infrastructure on the network, contributing over $1.02 billion to the total value locked (TVL) of $3.83 billion on Base.

Aerodrome’s success is not limited to its volume; it also leads the network in revenue generation. The protocol averages $2.68 million in weekly earnings, projecting an annualized revenue of roughly $166 million. This economic impact places Aerodrome ahead of other prominent protocols on Base. The protocol’s strong backing from Coinbase and its strategic positioning on the Base blockchain have contributed to its growth and adoption.

Institutional activity on the Base blockchain is also on the rise. Recently, JPMorgan launched its $JPMD deposit token for institutional clients on Base, indicating growing confidence in the ecosystem. Additionally, Base achieved a major milestone with the rollout of stablecoin checkout for millions of Shopify merchants, a move expected to drive large transactional volume through the network. Base founder Jesse Pollak has emphasized the network’s broader mission to build a global economy that increases innovation, creativity, and freedom. If this vision unfolds, platforms like Aerodrome could see their valuations soar into the multi-billion-dollar range.

One Bitcoin maximalist bullish on Base believes $AERO could hit $10 during this bull cycle if the growth trajectory continues. This move would deliver over 1,000% returns from current levels and push it above meme coins like Shiba Inu. The technical setup of $AERO’s price also reinforces this bullish narrative. The $AERO/$USD daily chart shows a strong upward trend, with the token trading at $0.924 after surging from the $0.60 support zone. The pattern follows Elliott Wave theory, forming Wave (D) with a projected continuation toward the $1.41 resistance level as Wave (E) unfolds. Momentum remains high, backed by increasing trading volume and an RSI reading above 70, indicating overbought conditions. While this suggests a possible short-term pullback or sideways movement, the broader trend remains bullish.

Crypto analysts have also pointed to several key factors behind AERO’s price spike. First, there was a clean breakout above the $0.78 resistance level on the daily chart, which was a strong bullish signal. Second, the relationship between demand and supply, with high demand in the market and a fixed token supply, has driven price action due to scarcity. Third, investor psychology plays a role, as traders who suffer losses in other coins often look for fast-moving assets to try to recover, leading to a “rotation of capital” that pushes AERO higher. Lastly, AERO’s listing on several major platforms around the world and its inclusion in the broader Binance ecosystem make it easier for global traders to access, further supporting the rally.

Looking ahead, some analysts speculate that AERO could retest its previous all-time high of $2.30. If market momentum continues and trader interest remains high, there is room for a move toward $10, and possibly as high as $150 by 2025. The focus now shifts to whether AERO can maintain its momentum and continue building on the current rally. The protocol’s strong backing from Coinbase, its strategic positioning on the Base blockchain, and the growing institutional activity on the network all contribute to its potential for further growth and adoption.