This DEX is Making Strides, Despite Recent Crypto Market Downturn
16.09.2024 11:00 1 min. read Alexander Zdravkov
A relatively new decentralized exchange (DEX) is making significant strides, according to digital asset analytics firm IntoTheBlock.
Currently, the combined market cap of major DEX tokens is valued at $26.6 billion. Although the market experienced a temporary boost earlier this year, it has since cooled, erasing earlier gains.
IntoTheBlock highlights Uniswap’s UNI token as the dominant force in this space, holding a commanding 74.93% market cap share. However, Aerodrome Finance (AERO) is quickly gaining traction, making notable progress in both market cap and trading volume.
Aerodrome Finance operates on Base, a layer-2 scaling solution for Ethereum developed by Coinbase. It’s a derivative of Velodrome, which was originally established on Optimism, another Ethereum layer-2 protocol. Since its launch in September 2023, AERO, currently ranked 147th by market cap, has seen its price increase by over 16% in the last 24 hours, trading at $0.71.
Additionally, IntoTheBlock points out that PancakeSwap (CAKE) continues to perform strongly in terms of trading volume, proving its significance despite its lower token valuation.
-
1
Pump.fun Faces Decline Amid Lawsuits and Hacking Scandals
30.03.2025 10:00 2 min. read -
2
Crypto Adoption Soars in South Korea as Investor Numbers Reach 16 Million
31.03.2025 10:00 2 min. read -
3
MARA Holdings Launches $2 Billion Stock Offering to Expand Bitcoin Stash
30.03.2025 16:06 1 min. read -
4
Binance Suspends Employee Over Insider Trading Allegations
25.03.2025 13:19 1 min. read -
5
DeFi TVL Drops in Q1 2025 as AI and Social Apps Gain Momentum
04.04.2025 14:00 2 min. read
Trump’s Threat to Fire Fed Chair Raises Alarms Over Market Stability and Crypto Impact
Anthony Pompliano has voiced strong opposition to Donald Trump’s recent push to remove Federal Reserve Chair Jerome Powell, warning that such a move could damage the credibility of the U.S. financial system.
U.S. State Targets Coinbase as Federal Crypto Crackdown Fades
As Washington pulls back on its crypto enforcement, Oregon is stepping up.
Hidden Road Secures U.S. Broker-Dealer License Following Ripple Acquisition
In a move that underscores its ambition to bridge crypto and traditional finance, Ripple is expanding the role of its newly acquired prime brokerage platform, Hidden Road.
JUST IN: Asia’s First XRP Tracker Fund Debuts with Ripple Backing
HashKey Capital has officially launched Asia’s first XRP Tracker Fund, providing professional investors with regulated exposure to XRP without the need for direct ownership.
-
1
Pump.fun Faces Decline Amid Lawsuits and Hacking Scandals
30.03.2025 10:00 2 min. read -
2
Crypto Adoption Soars in South Korea as Investor Numbers Reach 16 Million
31.03.2025 10:00 2 min. read -
3
MARA Holdings Launches $2 Billion Stock Offering to Expand Bitcoin Stash
30.03.2025 16:06 1 min. read -
4
Binance Suspends Employee Over Insider Trading Allegations
25.03.2025 13:19 1 min. read -
5
DeFi TVL Drops in Q1 2025 as AI and Social Apps Gain Momentum
04.04.2025 14:00 2 min. read
