Aerodrome Finance (AERO) price has jumped over 10% to above $1 after Animoca Brands announced a strategic investment in the project.
The web3 and gaming investor acquired AERO tokens on the open market and staked them for veAERO, demonstrating a long-term commitment to Aerodrome Finance.
We've market acquired a position in $AERO and max-locked as $veAERO. @AerodromeFi is an innovative, next-generation AMM that has consistently captured over 50% of @base's DEX TVL, establishing itself as the central liquidity hub for the ecosystem.
This investment adds to the growing institutional interest in the decentralized exchange project on Base, with AERO price potentially surging to $1.34 amid bullish momentum.
Author's summary: Aerodrome Finance price surges after Animoca Brands invests.