Posted 2/27/2024, 1:06:00 PM
Coinbase-Backed Base Protocol's AERO Token Surges 77% After Fund Investment
- AERO token surges 77% to 17 cents after investment from Base Ecosystem Fund led by CB Ventures
- Fund acquired undisclosed stake in Aerodrome Finance, largest protocol on Base blockchain with $132M TVL
- Base is a Layer 2 network set up by Coinbase that launched in June 2022
- Base Ecosystem Fund has invested in several other Base projects recently like Avantis, BSX, Onboard
- Aerodrome tweet says fund investment will help "build the future of Base" together