Search Results for: Velodrome

Velodrome DEX is set for a significant upgrade on June 15th, improving user experience, security, and introducing new features. As the largest DEX on Optimism layer 2 network, the redesign includes better smart contract architecture amid recent VELO price drops. Its long-term outlook remains positive, emphasizing continuous innovation and unpredictable market nature.

Aerodrome, a collaboration between Velodrome and Base developers, raised $150 million less than a day after being released on Base. With the goal of replicating Velodrome’s success, Aerodrome offers AERO tokens to users who provide liquidity, conduct token swaps or participate in governance.

“Velodrome has launched Aerodrome, a decentralized exchange (DEX) for Coinbase’s layer 2 blockchain, Base, aiming to deliver low fees and minimal slippage. This marks the start of the DeFi era on Base, stressing on transparency and rewarding users via airdrops of governance token, AERO. Despite facing challenges in a high-competition market, it signals ongoing innovation in DeFi.”

“Blockchain layer-2 Optimism surpassed Arbitrum in daily transactions, largely thanks to the emergence of Worldcoin. Despite Optimism’s transaction rates, it trails in daily active wallets compared to Arbitrum. The competition between these two demonstrates the evolving nature and diverse directions of blockchain technology.”