AERO (Aerodrome Finance) rose 7.10% in the last 24 hours.

Gate News Bot message, September 16, according to CoinMarketCap data, AERO (Aerodrome Finance) is currently priced at $1.28, with a 7.10% rise in the last 24 hours, reaching a high of $1.35 and a low of $1.13. The 24-hour volume is $258 million. The current market capitalization is approximately $1.15 billion, an increase of $76.3 million compared to yesterday.

Aerodrome Finance is a decentralized exchange where users can perform low-fee token swaps, deposit tokens to earn rewards, and actively participate in the on-chain economy. The platform combines elegant design, smart incentives, and battle-tested technology to provide next-generation liquidity infrastructure. Aerodrome features 100% of fees and incentives belonging to users, aggregates top liquidity pools, and aligns incentive mechanisms with performance. The project is built on a decentralized foundation with immutable and permissionless code, as well as on-chain governance and operations. Aerodrome is launched as a public good, without accepting venture capital funding or conducting token sales.

Important news about AERO recently:

1️⃣ Aerodrome will host the Base initial token offering.

Base plans to launch its token SYND for the first time on the Aerodrome platform through the Syndicate mechanism on September 17. This marks the recognition of Aerodrome's important position as a decentralized exchange, expected to attract more users and liquidity.

2️⃣ Layer 2 ecosystem expansion

Base, as a second-layer scaling solution developed by Coinbase, has chosen Aerodrome for token issuance, reflecting the ongoing expansion of the Layer 2 ecosystem. This may bring more cross-chain interoperability opportunities for Aerodrome, further enhancing its competitiveness in the DeFi space.

3️⃣ Platform liquidity may increase

The issuance of SYND tokens is expected to generate significant trading demand, potentially enhancing the volume and liquidity of the Aerodrome platform. This is directly related to the value of the AERO token and could be an important factor in the recent price rise.

From a technical perspective, the AERO token's 24-hour trading range is quite large, indicating a strong market reaction to the upcoming token issuance event. On the fundamental side, Aerodrome, as a project with no token pre-sale and fully decentralized, highlights its importance in the DeFi ecosystem through this collaboration.

This message is not investment advice; investors should be aware of market volatility risks.