Aerodrome, the main trading and liquidity marketplace on the Base blockchain, is witnessing significant growth in trading volume, especially in the Slipstream pools. Subsequently, Slipstream’s total trading volume grows. It already took 64% of the volume of comparable pools, leaving prominent rivals of Uniswap V3 behind.
Airport volume dominance at @base 🛫
Aerodrome’s Slipstream volume continues to increase versus Uniswap V3. Slipstream now accounts for 64% of volume in comparable pools.
veAERO voters receive 100% of the fees generated by trading volumes. pic.twitter.com/WjbYOIKqPM
— Airport (@AerodromeFi) June 29, 2024
Base is committed to innovation without new network tokens
Base seeks to introduce the world to the blockchain to build a new economy of innovation, creativity and freedom. Curiously, unlike many other existing blockchain networks, Base has made it clear that it will not be releasing a new network token. This decision shows that Base is moving in a direction of using available token structures and refraining from generating new tokens, while emphasizing the functions and uses of the blockchain.
Aside from the beautiful design and well-functioning interface, Aerodrome takes a rather unconventional approach to fee distribution. VeAERO voters are the voting stakeholders in the Aerodrome ecosystem with all trading fee volumes on the platform. This model not only motivates the right people to contribute to the growth of the platform within the community, but also ensures that the direct benefits of the latter are distributed to actually active agents.
Aerodrome sets DeFi trends with Slipstream Pool Control
The emergence of control over most of Slipstream’s pools reflects Aerodrome’s crowding out of competitors by traders and liquidity providers. This can be attributed to factors, for example; the ability of veAERO voters to benefit from efficient fee distribution and from the strong Base blockchain.
For all investors and participants in the cryptocurrency market, these are essential events to focus on. Aerodrome’s progression of volume dominance is not only a sign of the platform’s performance, but also suggests trends that can be observed in the DeFi sphere.
Finally, Base is actively developing and creating new products and optimizing its platform. However, it does not issue any new network tokens. Furthermore, the Base ecosystem proves that decentralized finance and blockchain can help increase access to capital and create a more global economy.