Aerodrome now handles 96.5% of Coinbase's tokenized-stock trades on Base. Its token is down 22% since its October 29 top. I'm asking the chart why.
Is the dominance real? $2.16 billion of $2.5 billion in tokenized-stock volume last month ran through Aerodrome, per Token Terminal via Weiss — and Aero now spans seven chains after the November 2–6 migration.
So why is the token falling? Lower highs and lower lows since that top, and Binance spot volume is thin at $2.7 million. Half the supply sits staked, but issuance runs around 12% a year — dominance pays the protocol, dilution taxes the holder. An unlock lands November 12.
What settles it? My lines: support $0.540–$0.556, resistance $0.580–$0.598. A daily close under $0.540 breaks the November lows; above $0.598, $0.627 comes back into view. This read expires at the CPI print, 20:30 WIB tonight.
My line is $0.540 — what's the number you'd actually defend? Drop it below.
NFA, DYOR.
$AERO #Aerodrome #TokenizedStocks #Base #DeFi #CryptoMarkets
Is the dominance real? $2.16 billion of $2.5 billion in tokenized-stock volume last month ran through Aerodrome, per Token Terminal via Weiss — and Aero now spans seven chains after the November 2–6 migration.
So why is the token falling? Lower highs and lower lows since that top, and Binance spot volume is thin at $2.7 million. Half the supply sits staked, but issuance runs around 12% a year — dominance pays the protocol, dilution taxes the holder. An unlock lands November 12.
What settles it? My lines: support $0.540–$0.556, resistance $0.580–$0.598. A daily close under $0.540 breaks the November lows; above $0.598, $0.627 comes back into view. This read expires at the CPI print, 20:30 WIB tonight.
My line is $0.540 — what's the number you'd actually defend? Drop it below.
NFA, DYOR.
$AERO #Aerodrome #TokenizedStocks #Base #DeFi #CryptoMarkets
