Aerodrome Finance (AERO) is experiencing a bullish trend, with its price rising 13% over the past week as anticipation builds for its upcoming cross-chain decentralized exchange (DEX) launch. Currently operating on the Base chain, Aerodrome plans to expand its platform to multiple chains in July, a move expected to enhance holder revenue and Total Value Locked (TVL). The platform has already generated $7.4 million in monthly revenue for its holders, surpassing Uniswap's $3.3 million across 43 chains. The cross-chain DEX launch is anticipated to increase trading volume and liquidity, potentially driving AERO's price towards $0.60. Despite the upcoming token unlock of $1.32 million AERO, the impact on the circulating supply is expected to be minimal. The altcoin has shown strong bullish momentum, breaking out of a sideways market and maintaining a position above key resistance levels, supported by positive MACD and RSI indicators.
Aerodrome Finance Targets $0.60 as Cross-Chain DEX Launch Approaches
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