Aerodrome Finance (AERO) rose 7.8% in the last 24 hours, trading at $0.9786, after Animoca Brands confirmed on Oct. 28 that it had acquired and staked AERO tokens on the open market, according to the company’s statement on X.
The move strengthens the project’s positioning within Base, where Aerodrome already accounts for over half of the DEX total value locked. Market cap reached $883.35M, while 24h trading volume surged 209% to $113.62M, reflecting growing institutional confidence. Pro-crypto analysts note that Animoca’s staking for veAERO signals long-term alignment with decentralized liquidity models, reinforcing the narrative of Web3 capital flowing toward on-chain infrastructure rather than centralized rails.
Investors will watch whether AERO can reclaim and hold the $1 psychological level, which could set the stage for further upside if liquidity inflows persist. Any follow-up from Animoca or Base ecosystem builders may provide additional catalysts.
Source: https://coinmarketcap.com/currencies/aerodrome-finance/
Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.
