AERO (Aerodrome Finance) rose 8.87% in the last 24 hours.

Gate News Bot news, on October 30, according to CoinMarketCap data, AERO (Aerodrome Finance) is currently priced at $1.07, with a rise of 8.87% in the last 24 hours, reaching a high of $1.08 and a low of $0.80. The 24-hour volume has reached $117 million. The current market capitalization is approximately $971 million, an increase of $79 million compared to yesterday.

Aerodrome Finance is a decentralized exchange where users can execute low-cost token swaps, deposit tokens to earn rewards, and actively participate in the on-chain economy. Aerodrome is a MetaDEX that combines elegant design, smart incentives, and battle-tested technology to provide next-generation liquidity infrastructure. The platform features 100% of fees and incentives returned to users, consolidating top liquidity pools on one platform, and a performance-optimized incentive mechanism. Aerodrome is built on a decentralized foundation with immutable and permissionless code, on-chain governance and operations, and no centralized APIs or indexers. The project was established as a public good, without accepting venture capital funding or conducting any token sales.

Important news about AERO recently:

1️⃣ Well-known blockchain companies are increasing their holdings.

Animoca Brands announced that it has acquired AERO tokens and plans to stake and lock them as veAERO. This move demonstrates the industry giant's recognition and support for the Aerodrome Finance project, which is expected to enhance AERO's position and influence in the market.

2️⃣ Token lockup may affect circulating supply

Animoca Brands has chosen to lock the purchased AERO tokens as veAERO, a decision that could reduce the circulating supply in the market, thereby potentially creating upward pressure on the token price.

3️⃣ Institutional investment may attract more attention

As a leading company in the blockchain and gaming sectors, Animoca Brands' investment actions may attract the attention of other institutional investors, thereby drawing more funds into the AERO ecosystem.

From a technical perspective, the price of AERO has seen a significant rise in the past 24 hours, breaking through the $1 mark and exhibiting strong upward momentum. This surge coincides with the investment news from Animoca Brands, indicating a positive market reaction. However, investors should still pay attention to the potential risk of a pullback in the short term.

This message is not intended as investment advice; investors should be aware of market volatility risks.