AERO Price Continues Upward Trend as Smart Money Accumulates, Nansen Data Shows

Aerodrome Finance’s native token, AERO, has experienced a strong rally, rising for eight consecutive days as trading volumes surged and smart money investors entered the market. On December 6, AERO reached $1.9446, marking its highest price since April 24.

According to DeFi Llama, Aerodrome’s decentralized exchange network processed $7 billion in transactions over the past 30 days. With a 24-hour trading volume of $1.46 billion and cumulative volume exceeding $81 billion, Aerodrome has solidified its position as the leading DEX protocol on the Base Blockchain. Its weekly trading volume now surpasses that of other popular DEX platforms like Uniswap and PancakeSwap on the Base network.

Rising TVL and Strong Demand

Aerodrome Finance has also seen its total value locked (TVL) increase in recent weeks, benefiting from growing demand in the cryptocurrency space. The platform’s TVL currently exceeds $1.64 billion, positioning it as one of the top players in decentralized finance.

In addition to its growing TVL, the network is generating significant revenue. On December 5, developers revealed that its Slipstream product had generated a record $950,000 in fees, with the potential for this trend to continue as the platform expands.

Smart Money Investors Show Strong Interest

AERO’s price rally is further fueled by strong interest from smart money investors. Data from Nansen indicates that 45 smart money wallets now hold the token, marking an all-time high. These investors collectively control nearly 14 million AERO tokens, valued at $26.6 million. This influx of institutional and savvy investors highlights the growing confidence in Aerodrome and its future prospects.

Expanding Base Blockchain Ecosystem Drives AERO's Popularity

AERO's growth is also tied to the expanding Base Blockchain ecosystem. Meme coins on Base, such as Brett, Keyboard Cat, Degen, and Toshi, have gained popularity, collectively reaching a market cap of $3.6 billion. This growth has helped bring more attention to the Aerodrome network, further supporting AERO’s price surge.

Technical Analysis: Bullish Momentum Continues

AERO’s daily chart indicates a strong upward trend, with the token recently breaking above a significant blue trendline that had been connecting the highest price swings since July 18. This breakout invalidated a rising wedge pattern, a formation that typically signals a potential reversal or correction.

The token remains above both the 50-day and 25-day Exponential Moving Averages (EMAs), signaling that bullish momentum is in control. Additionally, the Relative Strength Index (RSI) has climbed to 71, suggesting that the upward trend could continue.

The next key resistance level to watch is $2.3727, which represents AERO’s highest point in March, approximately 25% above its current price. However, if AERO drops below the 25 EMA at $1.50, the bullish outlook will be invalidated.

Overall, AERO’s strong price action, backed by rising trading volumes, institutional interest, and an expanding ecosystem, points to continued growth, with $2.37 as a critical level to monitor in the near future.