Aerodrome Finance Surges on Buyback and DeFi Rally

Aerodrome Finance (AERO) saw its price surge by ~10 percentage points over the past 25 hours, driven by a large protocol buyback, new integrations on Base, and a broader DeFi rally.

The Aerodrome Protocol Growth Fund executed a 325K AERO buyback, directly increasing demand. This sizable buyback was announced by the project itself and has been described as 'massive' by community accounts.

New integrations on Base, such as BaseDollar (BD) allowing users to borrow BD against AERO and Aerodrome LP tokens, likely increased usage of the DEX and interest in AERO. The '850% APR' BD/USDC pool on Aerodrome also attracted mercenary capital and attention.

AERO's move is occurring within a broader DeFi-wide rebound, with total DeFi TVL jumping roughly 9.15% in 24 hours. DEX volume broke above $10 billion for the first time since early June, with Aerodrome named as one of the platforms leading volume.