New All-Time High?
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- 🟠 Bitcoin Breaks $73K Again Amid Market Momentum. BTC is within striking distance of the all-time high it hit in March.
- 😞 Consensys Lays Off 20% of Employees. CEO Joe Lubin cites ongoing legal battles as putting a strain on company resources.
- 👋 dYdX Announces 35% Employee Layoffs. Despite an upswing in the market, some teams are struggling to stay afloat.
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📸 Daily Market Snapshot: Bitcoin came within $200 of its all-time high this afternoon before a selloff left it just short, but traders aren't giving up on striking new highs as the asset continues to fight $73K. What's behind the pump? In short, it's confidence that Trump now holds frontrunner status in the presidential race and that Gary Gensler's days as SEC chair could be numbered.
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $2.43T | ↗ 3.5% | ↗ 4.3% |
|
BTC $72,468 | ↗ 4.1% | ↗ 7.5% |
|
ETH $2,624 | ↗ 4.1% | ↘ 0.3% |
Aerodrome is undeniably special.
From day one, this “MetaDEX” has ranked as one of the most popular applications on the Base L2. The Protocol currently custodies $1.3B in TVL (50% of all Base smart contract deposits), and its AERO token has been a top-performing DeFi asset this fall – up 125% since the start of September.
While Aerodrome’s TVL had been holding steady around $500M before parabolically exploding in early September, this lack of growth became a major hindrance for AERO price, and the token was trading 80% below all-time highs before rebounding in the September bull sprint.
Today, we’re discussing Aerodrome’s mechanics to better understand the risks and opportunities associated with this high-flying exchange ✈️
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