Ethereum

USDC

<p>In a noteworthy event in the <a href="https://blockchainreporter.net/defi-decentralized-finance/" rel="noopener noreferrer nofollow">DeFi</a> sector, Aerodrome has taken the place of a leading entity for the trading volume of the $ETH-$USDC pair. As per the data from DefiLlama, the $ETH-$USDC pool of Aerodrome has outperformed its competitors operating on Ethereum and Arbitrum with an impressive trading volume within the past twenty-four hours, turning it into the highest-volume pool dealing with $ETH-$USDC on-chain. Aerodrome took to its official social media account to discuss this exclusive achievement.</p><h2 id="header-0">Aerodrome Sees Enormous Surge in Trading Volume of ETH-USDC Pool</h2><p>The platform mentioned that this spike in volume outcompeted the cumulative trading volumes of several pools. They reportedly stand among the biggest pools on Uniswap V3 Ethereum mainnet and Uniswap V3 Arbitrum. In this respect, these pools recorded $106M and $90.9M respectively for $WETH-$USDC pools over the same time. The achievement of Aerodrome signifies its increasing dominance within the sector of decentralized exchanges, especially for on-chain swaps of $ETH.</p><p>While Aerodrome keeps gaining traction, it fortifies its status as the go-to decentralized exchange for $ETH and $USDC swaps. Hence, it attracts a substantial proportion of the DeFi market. Its capability to develop such a huge volume within just twenty-four hours signifies its liquidity and efficiency. These are the key factors that are alluring the traders.</p><h2 id="header-1">Aerodrome’s Potential to Emerge as a Top DeFi Player</h2><p>Currently, as <a href="https://aerodrome.finance/" rel="noopener noreferrer nofollow">Aerodrome</a> leads the pack when it comes to $ETH-$USDC trading on-chain, it has a crucial position to keep expanding its market share. Thus, it can emerge as a prominent player in the wider DeFi ecosystem.</p>

Aerodrome Dominates ETH-USDC Trading Volume with $284M in 24 Hours

Table of Contents

BlockchainReporter

Other articles published on Oct 22, 2024

Ripple Co-Founder Chris Larsen Makes $10 Million XRP Donation to Support Kamala Harris

Vitalik Buterin Aims for Sub-2 Second Transfers Between Chains in Ethereum’s Future

Buenos Aires Launches Digital ID System with Zero-Knowledge Proofs for Enhanced Privacy

Messari Founder Declares XRP “Dead” Amid Ripple Founder’s $10M XRP Donation to Harris Campaign

cat in a dogs world (MEW) Price Prediction 2024, 2025, 2026-2030

Qubetics vs Cosmos vs FXGuys: Analyst Predictions, Decentralised Solutions, and Presale Insights

Join our free newsletter for daily crypto updates!