Aerodrome Hits Record High $3.026 Billion Volume in Epoch 57
The post Aerodrome Hits Record High $3.026 Billion Volume in Epoch 57 appeared on BitcoinEthereumNews.com.
Aerodrome, a well-established decentralized exchange (DEX) and leading project of the Base has achieved a record all-time high (ATH) trading volume in Epoch 57. The total volume of trading reached an impressive level of $3.026 billion, and the most active trading was observed in Slipstream pools, which dominated the market with 92% of all trades. This is a rather crucial milestone for Aerodrome and its community as the protocol increasingly establishes its absolute control over the DeFi arena. Aerodrome Hits ATH Volume 🛫 The highest ever volume was achieved during epoch 57, hitting $3.026 billion with Slipstream pools accounting for 92% of that. And a total of $5.249m in Total Rewards (fees + incentives) were distributed to veAERO voters. pic.twitter.com/r9B2KIWz8L — Aerodrome (@AerodromeFi) October 3, 2024 Aerodrome With Record-Breaking Volume Epoch 57 was marked by the increased trading volumes on the platform, the highest record so far. Of the $3.026 billion, 92% of the total was attributed to Slipstream, which aims to be a concentrated liquidity AMM based on Uniswap V3 which targets the lowest volatility trade pairs while catering to high volume trades. The remaining 8% were from the Basic pool, which may be less volume but helps the platform’s growth. The increased trading volume establishes Aerodrome as a high-turnover platform in the DeFi environment capable of accommodating huge trading volumes. The constant advancements in platform construction, primarily with Slipstream, have made it a desirable choice for both liquidity providers and traders. Significant Rewards for Participants However, besides the record volume, Aerodrome also provided $5.249 million in total rewards for the veAERO voters. These rewards included trading fees and other extra bonuses, which were introduced with the intention of enhancing participation and management of this platform. The veAERO system is a locked voting system that enables users to participate…
Filed under: News - @ October 4, 2024 1:05 am