News
Nov 12, 2024
The rapid growth of the crypto market is becoming an everyday reality.
Daily increases in total market capitalization boost altcoins and the overall market.
Additionally, Trump's victory in the U.S. election was reflected in the significant rise of cryptocurrencies.
It's a good time to focus on promising projects.
Understanding the market and being able to identify projects with upcoming growth is key in making money in crypto.
Meet the second project after Solana whose ecosystem will explode in the near future.
In the past 3 months, capital inflows have surged for $SOL, BASE, and $SUI, with $BASE gaining $487M.
The number of weekly active developers on Base now exceeds 1,000, marking it as a rapidly growing Ethereum Layer 2 ecosystem.
With Coinbase’s backing, the Base network has attracted significant attention.
Base has reached ~$3B in TVL, ranking #1 among 64 Layer 2 networks, surpassing major L2s like Optimism.
According to Trump's prediction, America will become a major crypto center, ensuring Base's growth since it is the main network of Coinbase.
90% of tokens listed on Coinbase went up after the listing.
For example, $DRIFT grew by 72.91% in the last 24 hours.
It's also worth looking at previous listings on the exchange, such as $IO, $DEGEN and especially tokens from Base ecosystem: $AERO and $WELL
So if you want to profit from this, it may be smart to buy some tokens from the BASE ecosystem that hasn't been listed on Coinbase yet.
But as always, DYOR.
Aerodrom is not just a Coinbase-based token. It's Coinbase's decentralized exchange (DEX) and the company's big move into DeFi.
It's a number 1 DeFi tool in BASE ecosystem by all metrics.
When coupled with the Base ecosystem, Aerodrome could become an important player in the whole crypto market.
Aerodrome is often compared to Uniswap, but it is more accurate to compare it to a combination of Uniswap and BNB.
Recently, Aerodrome's trading volume reached $900M in a day, which is comparable to the 4th largest exchange in the world.
In 2021, Uniswap and BNB reached a combined capitalization of $122B, Coinbase CEX reached $80B.
Even with conservative estimates, Aerodrome has a capitalization potential of $16B, 23 times the current capitalization.
Thanks to its DEX status for Coinbase, Aerodrome has unique growth prospects in DeFi.
Even in the most restrained forecasts, $AERO's capitalization could reach $16-100B this cycle.
As Base attracts users and liquidity, Aerodrome stands to benefit as a primary DeFi platform on this network.
As Coinbase's DEX, Aerodrome could drive Base's ecosystem growth, offering potential for investors in emerging Layer 2 projects.
We should keep an eye in BASE ecosystem and projects in this ecosystem.