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Aerodrome Finance Sees 30% Spike as Coinbase Launches DEX Trading Feature

Aerodrome Finance (AERO) has witnessed a significant price increase of 30% today following the launch of decentralized exchange (DEX) trading on Coinbase.

Coinbase Global Inc. has implemented a feature allowing users to trade Base-native tokens directly within its app.

This integration facilitates immediate access for developers to a vast pool of traders without needing official listings.

The market cap of top crypto tokens in the Base ecosystem increased by 3.7%, reaching approximately $84.7 billion.

Among the most notable performers, Aerodrome Finance stands out with its leading position as the largest DEX on the Base network, boasting a total value locked of about $556 million.

Currently trading at approximately $1, AERO's price surge reflects increased investor interest and confidence in the project.

The expanded trading capabilities of Coinbase place it in a competitive position against other major exchanges like Binance and Bybit.

As altcoin season approaches in 2025, the new DEX functionalities may attract more organic traders to Coinbase's platform.

With millions of tokens now available, Coinbase aims to capitalize on its enhanced trading offerings.

This evolution in their trading environment marks a pivotal shift for both the exchange and the broader crypto market.