The post Aerodrome Gains Volume Dominance on Base Blockchain appeared on BitcoinEthereumNews.com.

Aerodrome, the primary trading and liquidity marketplace on the Base blockchain, is witnessing significant growth in its trading volume, particularly in its Slipstream pools. Next, the total trading volume of Slipstream is growing. It already took 64% of the volume of comparable pools, so leaving behind prominent rivals of Uniswap V3. Aerodrome Volume Dominance on @base 🛫 Aerodrome’s Slipstream volume continues to increase against Uniswap V3. Slipstream now accounts for 64% of the volume across similar pools. veAERO voters receive 100% of the fees generated by trading volumes. pic.twitter.com/WjbYOIKqPM — Aerodrome (@AerodromeFi) June 29, 2024 Base Commits to Innovation without New Network Tokens Base endeavours to onboard the world to the blockchain to build a new economy of innovation, creativity, and freedom. Peculiarly, unlike many other existing blockchain networks, Base has made it clear that it will not release a new network token. This decision shows that Base is headed in a direction to use available tokens structures and refrain from generating new tokens while emphasizing on the functions and uses of the blockchain. Aside from the beautiful design and well-functioning interface, Aerodrome has rather unconventional approach to fee division. VeAERO voters are the stakeholders with voting rights in the Aerodrome ecosystem with all the trading fee volumes on the platform. This model not only motivates the appropriate people to contribute to the platform’s growth within the community but also guarantees that the direct advantages of the latter would be divided among actual active agents. Aerodrome Sets DeFi Trends with Slipstream Pool Control The emergence of the control of most of Slipstream’s pools reflects the displacement of Aerodrome over competitors by traders and liquidity providers. This could be attributed to factors for instance; the ability of the veAERO voters to benefit from efficient fee distribution as well as the strong…

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Filed under: News - @ July 1, 2024 12:14 am