The post AerodromeFi Dominates Base Network with 60% DEX Activity appeared on BitcoinEthereumNews.com.

AerodromeFi now handles 60% of all DEX activity on the Base network, surpassing Uniswap. Daily active users have surged 270%, reaching an all-time high of 27,000. AerodromeFi generated over $20 million in fees in the past month, ranking among the top 10 protocols globally. AerodromeFi has quickly become the leading decentralized exchange (DEX) on the Base network, now accounting for 60% of all DEX activity, according to recent insights shared by David Alexander. With $3 billion in weekly trading volume and a record 27,000 daily active users, the platform is experiencing significant growth. Daily Users Grow by 270%  David Alexander, former MD of Binance Labs, reported on X that AerodromeFi’s daily active users have jumped 270% in the past month, reaching a new high of 27,000. This surge coincides with a substantial rise in trading volume. AerodromeFi processed $3 billion weekly, nearly three times Uniswap’s $1.1 billion during the same period. Notably, AerodromeFi’s growth is fueled by its expanding role in the Base ecosystem. It now holds a 60% market share in DEX activity, compared to Uniswap’s 30%. AerodromeFi Generates $20 Million in Fees In addition to user growth, AerodromeFi has seen a sharp increase in total value locked (TVL). Its TVL has surged 95% over the past month to $1.2 billion, representing 43% of the total TVL on the Base network. Alexander noted that AerodromeFi generated over $20 million in fees in the past month, placing it among the top 10 protocols globally. The platform ranks just behind Jito ($21 million) and Aave ($24 million) in fee generation, reflecting increased user engagement and higher transaction volumes. As the @base ecosystem continues to evolve, it’s interesting to see how different applications emerge and gain traction. @AerodromeFi now accounts for 60% of all DEX activity on the network, followed by Uniswap…

---

Filed under: News - @ October 5, 2024 3:22 pm