AERO, the native token of liquidity protocol Aerodrome Finance, jumped by 77% on Tuesday after a position was acquired by Base Ecosystem Fund, which is led by CB Ventures. Aerodrome is the largest protocol on the Base blockchain, boasting a market share of more than 30% with $132 million in total value locked (TVL), according to DefiLlama. AERO is currently changing hands over 17 cents having begun Monday trading below 10 cents, according to CoinMarketCap. The CD20 Index rose by 5.4% during the same period. The investment, the size of which remains undisclosed, follows a series of investments by the Base Ecosystem Fund in Avantis, BSX, Onboard, OpenCover, Paragraph, and Truflation in October.
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