Coinbase, the leading US cryptocurrency exchange, added two unknown altcoins to its listing roadmap this week.
According to new news, exchange customers will soon be able to trade Aerodrome Finance (AERO) and Velodrome Finance (VELO). presentation.
Aerodrome Finance is the trading and liquidity marketplace for Base, Coinbase’s Ethereum (ETH) layer 2 scaling solution. The project is a fork of Velodrome, the trading and liquidity marketplace of Optimism (OP), another Ethereum layer 2 scaler.
Aerodrome’s native token, AERO, is up over 69% in the last 24 hours. The 1113th largest cryptocurrency asset by market capitalization is trading at $0.0747 at the time of writing.
Velodrome’s native token, VELO, has surged more than 35% over the past day. The 753rd largest cryptocurrency asset by market capitalization is trading at $0.056 at the time of this writing.
Both projects have non-fungible tokens (NFTs) that can be used to vote on token emissions and receive incentives and fees generated by the protocol. Additionally, both advertise token swaps with low fees and minimal slippage.
According to DeFi Llama, a decentralized financial intelligence aggregator, Aerodrome is Base’s top protocol in terms of total value locked (TVL), valued at approximately $116 million.
TVL represents the amount of capital deposited within a protocol’s smart contracts and is often used to measure the health of the cryptocurrency ecosystem.
Velodrome is Optimism’s second-largest protocol, with over $135.6 million in TVL.
Coinbase has established a listing roadmap for 2022 to increase transparency and reduce the likelihood of new trading support announcements.
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