blockchainreporter.net
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 (@AerodromeFi) June 29, 2024
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
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 Base blockchain.
To all investors and participants in the market of cryptocurrency, these are essential events to focus on. The progress of the volume dominance of Aerodrome is not only a sign of the platform’s performance but also suggests tendencies that can be observed in the DeFi sphere.
Lastly, Base is actively developing and creating new products and optimizing its platform. However, it ise not issuing new network tokens. Moreover, the Base ecosystem is proving that decentralized finance and blockchain can help expand access to capital and create a more global economy.