TL;DR
Aerodrome Finance’s native token AERO has surged 7% in the past 24 hours, defying the broader market’s slowdown and capturing investor attention. This rally is backed by strong on-chain metrics, including a spike in trading volume and record-breaking open interest in futures contracts. As traders eye a potential breakout past $1.30, the token’s momentum signals growing confidence in its trajectory.
AERO’s price rally is supported by a dramatic increase in daily trading volume, which soared over 552% to exceed $261 million. This surge reflects heightened activity from both spot buyers and derivatives traders, suggesting that the rally is driven by conviction rather than short-term speculation. When price and volume rise together, it typically indicates strong market support and reduces the risk of sudden reversals.
Beyond spot markets, the token’s futures open interest has climbed to a record $123 million, marking a 21% increase in just 24 hours. This metric, which tracks the total number of unsettled futures contracts, reveals that traders are actively building positions rather than passively holding. Rising open interest alongside price gains suggests new capital is entering the market, reinforcing bullish sentiment and increasing liquidity.
With demand intensifying, AERO is approaching a critical resistance level at $1.3066. If momentum continues, the token could push toward $1.5486, contingent on sustained accumulation. However, traders should monitor the $1.0674 support level, which remains a key threshold in case of profit-taking or market pullbacks. The current live price stands at $1.24, with a market cap of $1.13 billion and a 24-hour volume of $57.89 million.
Aerodrome Finance operates as a next-generation automated market maker and decentralized exchange on the Base network. Its vote-lock governance model and liquidity incentive engine have attracted over 653,000 holders and a circulating supply of 898 million AERO tokens. These fundamentals, combined with rising market activity, position AERO as a central liquidity hub with long-term growth potential.
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