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Aerodrome Finance enables weekend trading of Nvidia assets on Base

Aerodrome Finance, the leading decentralized exchange on Coinbase's Base network, has launched liquidity pools for tokenized equities, enabling 24/7 weekend trading for major US tech companies including Nvidia, Meta, Apple, and Alphabet. The new initiative pulled in $4.55 million in combined onchain value during its first day, with the Nvidia pool capturing roughly $957,000 in liquidity. The launch notably allowed crypto market participants to engage in off-hours price discovery for Nvidia ahead of key earnings announcements. Each tokenized asset is backed 1:1 by physical shares held in regulated custody under the Abu Dhabi Global Market framework and utilizes Coinbase's B20 standard to automate corporate actions such as dividends and splits. While current access is restricted to non-US users due to regulatory constraints, the tokens offer potential composability within decentralized finance, such as collateralization on lending protocols like Aave. Following the launch, Aerodrome's native token AERO jumped more than 11% to trade near $0.533, supported by daily trading volumes reaching $94.3 million.

Category

NVIDIA

Sentiment

Bullish

Event

Product launch

Reading time

1 min