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What is Pump.fun (PUMP)?
Meme coin projects have undoubtedly been one of the most entertaining and chaotic trends in the crypto world in recent years. This trend, which began with Dogecoin and continued with legends like Shiba Inu and Pepe, is now the new darling of Pump.fun, which launched with the motto "everyone should be able to issue their own coin." For those wondering what pump.fun is, we can briefly explain it as follows: This platform runs on the Solana network, a meme coin factory where you can create and launch your own token in minutes. In other words, if you have an idea or a funny joke, you can turn it into a coin with just a few clicks.Pump.fun's origin story is as spontaneous and entertaining as the coins themselves. Launched in early 2024, this platform's goal was to make the crypto world a little more "fun." Being able to issue a coin without getting bogged down in technical details, writing a massive whitepaper, or dealing with major investors... It's precisely this freedom that quickly made Pump.fun a trending topic on social media. This ecosystem, which simplifies the creation of community coins, also offers users governance and ease of transaction through its native token, PUMP.In this guide, you'll find everything you need to know about Pump.fun, from how it came to be to key milestones like its launch date and history, to the benefits of Pump.fun and its price history.Pump.fun's Definition and OriginPump.fun stands out as a decentralized token launch platform. This means anyone can easily create their own cryptocurrency, especially meme coin-style tokens, without needing to know any technical coding. Simply connect a Solana wallet, enter the token name, symbol, and optional image, and a new coin is born and available for trading within seconds. This fast and simple process facilitates the creation of projects with a high potential for virality on social media. In short, Pump.fun is seen as a pioneer in the crypto world, where "everyone can launch their own coin."The platform's origins date back to January 2024. Initially launched by an anonymous team of developers, the founders concealed their identities and embraced a completely community-driven, decentralized vision. Initially, they were referred to only by pseudonyms; for example, the initial developer who announced the project used the name "Alon." It later emerged that Pump.fun is backed by young UK-based entrepreneurs Noah Tweedale, Alon Cohen, and Dylan Kerler. These three individuals, frustrated by the meme coin craze and the accompanying fraud risks, set out to create a more fair and entertaining environment. The project is driven by the vision of "being the most fun place on the internet."Pump.fun's founding purpose is to bring fun and community interaction to the crypto ecosystem. New tokens are released in a completely fair manner, without any pre-sale or special team allocations. This allows everyone to start on the same footing. The meme coin culture already holds significant importance in terms of small investments, high-yield dreams, and community support. This is where Pump.fun comes in, creating a platform for community coins with high viral potential to grow rapidly. As a result, Pump.fun has become an innovative ecosystem that expands upon the path blazed by popular examples like Dogecoin and Shiba Inu, allowing users to easily create their own "pump coins." Pump.fun's History: Major MilestonesAfter Pump.fun's arrival, events unfolded rapidly. Sometimes surprising, sometimes amusing, but always creating a buzz in the crypto world, milestones emerged. Let's take a look at Pump.fun's short but eventful history:January 2024 - Launch: The platform officially launched on January 19, 2024. Hundreds of thousands of tokens were created on the Solana network in the first weeks, and user interest exploded. By mid-2024, the number had reached millions. By July 2024, it was reported that more than 1 million tokens had been created on Pump.fun. This rapid pace made the project known as one of the fastest-growing applications in crypto history.Late 2024 - First community movements: Despite the project's anonymous nature, the community quickly organized. On social media platforms (especially Twitter/X and Discord), Pump.fun users began sharing their experiences and discussing newly released meme coin projects. Several successful tokens created on the platform quickly gained value, leading to viral stories like "coins released from Pump.fun." During this period, the platform became known as "Solana's meme coin factory" and attracted attention in the crypto media. The community was also discussing the idea of the platform launching an official token towards the end of 2024. Indeed, the development team had already begun preparations to crown the platform's success with an official token.First official token (PUMP) announcement: In the first half of 2025, the Pump.fun ecosystem token, PUMP, was officially announced. The maximum supply was set at exactly 1 trillion. This brought the price per token down to less than a penny, making it possible to acquire a significant amount of PUMP even with small amounts. A wave of excitement swept through the community, and airdrop expectations began to be discussed. Meanwhile, the platform made headlines with the trading volume it generated on Solana. By mid-2025, it was announced that it had generated approximately $800 million in transaction fee revenue. July 2025 - Record ICO Sale: The public sale (ICO), held on July 12, 2025, literally made history. Originally scheduled to last three days, the sale ended in just 12 minutes. During this time, $500 million was raised. The ICO price was set at $0.004, and a total of 125 billion PUMP tokens were sold. Including the private sales, the project raised $1.2 billion and reached a market capitalization of approximately $4 billion. Thus, Pump.fun became one of the largest and fastest ICOs in crypto history. The token distribution was as follows: Exchange listings and initial price movements: Immediately following the ICO, in mid-July 2025, the PUMP token began listing on various cryptocurrency exchanges. Initially, global exchanges such as Bybit, Kraken, KuCoin, Bitget, Gate.io, and MEXC simultaneously listed PUMP. Crypto.com even announced that it would open PUMP deposits after the ICO and activate the trading pair once certain liquidity conditions were met. Driven by these listings, the PUMP token price took off quickly. With an ICO price of $0.004, the token opened at $0.0056 in its initial trading on exchanges, representing a roughly 40% premium, and continued to rise. Its all-time high (ATH) of $0.006812 was reached on July 17, 2025. This level represented a roughly 70% increase compared to the ICO price. The community was quite excited by this early price performance, and “pump coin rich” jokes started circulating on social media. Pump coin price moved as such: Chart: Price chart of the Pump.fun (PUMP) token in mid-July 2025. PUMP, which reached a peak of $0.0068 with a rapid rise on July 16-17, began to decline with sales in the following days. Late July 2025: Volatility and airdrop discussions: Unfortunately, the honeymoon period for the PUMP token was short-lived. Large investors participating in the ICO, the "whales" who acquired significant amounts of tokens in the private sale, quickly began making large transfers to exchanges. In fact, just two large private investor wallets sent over $160 million worth of PUMP to exchanges within a week of launch. This selling pressure drove the price down, and on July 21, 2025, PUMP reached an all-time low of $0.003642. This value was 46% below its peak and below the ICO price. In other words, even investors who had bought tokens from the ICO but hadn't yet sold them were, on paper, incurring losses. The most controversial topic within the community at this time was the airdrop, which the team had previously hinted at.August 2025 - Community reactions and competition: Before and after the ICO, the Pump.fun team hinted at a potential future airdrop for the community. Most users expected to share in the platform's high transaction volume and revenue. However, in a Twitter livestream at the end of July, co-founder Alon Cohen announced that the airdrop would not take place for now. This announcement was the final straw. Because the livestream was hosted by popular crypto influencer Threadguy, it reached a very large audience and became known as "Pump.fun's funeral" within the community. The lack of a clear roadmap and the lack of any buyback plan or incentives further alienated investors. As a result, large wallets began selling rapidly. For example, one of the largest private investors sold 25 billion PUMP tokens between July 16th and 27th, generating a profit of $8.2 million. The impact of these sales pushed the PUMP price below $0.003, and its market capitalization quickly eroded by over $1 billion.Competing projects and current situation: The loss of confidence experienced by Pump.fun paved the way for competitors to emerge in the ecosystem. A similar Solana meme coin platform, Bonk.fun, saw rapid growth in mid-2025. Bonk.fun quickly gained a market lead with its community-focused approach (token buybacks, rewards, revenue sharing, etc.). Currently, Bonk.fun holds approximately 65% of the meme coin market on Solana, while Pump.fun holds 25%. As pressure mounts on the Pump.fun team, it's rumored to be preparing for various moves. The most frequently discussed topic is their plan to launch their own blockchain, called "Pumpchain," by August 2025. Rumors suggest the team is planning to migrate all smart contracts and token infrastructure on the platform to a new Layer-1 chain capable of 10,000 transactions per second. If this happens, a new snapshot could be taken and a new airdrop could be made to the community. Meanwhile, Pump.fun has also launched a DEX called Pump.swap, which is currently in beta. Why Is Pump.fun Attracting Attention?Pump.fun has attracted significant attention in the crypto community since its launch. So, what are the factors behind this project's popularity?Meme Coin Hype and Viral MarketingThe period between 2023 and 2025 witnessed a meme coin craze in the cryptocurrency world. This trend, which began with Dogecoin and continued with projects like Shiba Inu and Pepe, saw coins based on jokes or internet memes reach incredible market capitalization. Pump.fun became a platform that both fueled and fed this hype. So much so that in July 2025, the total meme coin market capitalization peaked at $87 billion, experiencing a 58% increase in one month. Pump.fun found its place in this viral marketing landscape with the idea that "everyone can create their own Dogecoin." Stories about absurdly named tokens created on the platform and their sudden surge were frequently shared on social media. For example, news of a token created by a user on pump.fun gaining 100x in value in a single day could go viral on Twitter (albeit entirely speculative). Such content reinforced the perception that the platform provided opportunities for "get rich overnight" dreams and attracted more users.Community Strength and Social Media ImpactCentral to Pump.fun's success is a strong community and social media influence. The project emphasized its independence from any central authority, giving its users a voice. PUMP token holders can vote on the platform's future and participate in project governance. This gives investors a sense of being "part of the project." Especially in projects like these, known as community coins in the crypto world, having an active and engaged follower base is crucial. Since launch, the Pump.fun team has grown its community through entertaining posts and meme-friendly language on channels like Twitter (X) and Telegram. Announcements made by the official account are quickly shared thousands of times; For example, news of Crypto.com's listing after the ICO reached hundreds of thousands of people. Meanwhile, content creators and influencers from within the community also contributed to the project's marketing. Some volunteers made YouTube videos explaining "What is Pump.fun and how to use it?", while others shared PUMP analyses on Twitter. This organic marketing proved far more effective for the project than paid advertising. Ultimately, it was precisely this community-social media synergy that propelled Pump.fun to the top of the list of viral cryptocurrency projects.Low entry cost and high volatility potentialAnother reason for Pump.fun's appeal was its characteristics that appeal to investment psychology. Firstly, the very low price of the PUMP token (a mere fraction of a centimeter) can make new investors feel like they're buying cheap. For example, someone who invested $100 in the ICO acquired 25,000 PUMP tokens. Acquiring such a large amount of tokens can be psychologically appealing to investors. Secondly, both newly issued tokens on the platform and the PUMP token itself exhibit very high volatility. Prices can rise exponentially or drop sharply in a short period of time. This volatility attracts risk-takers seeking high returns in the short term. The "buy today, multiply tomorrow" motto, frequently uttered within the Pump.fun community, has attracted many new investors. Of course, the flip side of this is the risk of losing money just as quickly. However, many in the cryptocurrency space willingly enter the equation of high risk = high potential return. Pump.fun has attracted significant interest because it offers a gaming platform that satisfies this gambling urge. In short, its volatile structure, which allows anyone to participate with a low entry cost and promises the opportunity for instant wealth, has fueled interest in the project.Pump.fun's Developers and CommunityThe team and community dynamics behind the Pump.fun project were key factors in shaping its trajectory. When Pump.fun first emerged, its developers chose not to highlight themselves. At its launch in early 2024, the team remained anonymous, using only pseudonyms. This isn't surprising in the crypto world, as we've been accustomed to anonymous founders since Bitcoin's creator, Satoshi Nakamoto. In Pump.fun's case, anonymity served as a marketing strategy for the project: the message being, "Since there's no central hub, the founders don't matter; what matters is the community." However, some names emerged during and after the ICO process. Co-founder Alon Cohen, in particular, became the face of community outreach after the PUMP token launch. According to documents released to the press, Alon Cohen and the other founders are known as young entrepreneurs from the UK. In other words, the initial anonymous structure has gradually given way to a more transparent founding team profile. However, in keeping with the spirit of the project, the team remains in the background, striving to navigate the community's voice rather than prioritize it.Perhaps Pump.fun's greatest strength was its large and passionate community. From the project's early days, many users acted not only as investors but also as volunteer ambassadors. For example, guides, tips, and announcements of new tokens were entirely produced by the community. Even moderators of official Telegram groups were largely volunteers. Thanks to the PUMP token's governance feature, important decisions were made through surveys to gather community input. Indeed, this allowed for the rapid implementation of some platform improvements. The community also contributed to the project's financial success; for example, rewards and referral programs for those who traded the most on the platform were shaped by suggestions from active members.However, it's important to note that community support is a double-edged sword. Just as thousands enthusiastically championed the project during its rise, criticism can be just as fierce during its decline. The community's reactions following the airdrop's postponement and price crash were a prime example of this. Suddenly, posts harshly criticizing the project team began circulating on Twitter under the hashtag #pumpfun. In other words, community power, if not managed well, can turn against the project. Pump.fun's place in crypto culture can be evaluated precisely through this example: When trust and transparency are lacking in the world of community coins, the masses can quickly turn their backs.Despite all its ups and downs, Pump.fun has become a phenomenon that has left its mark on cryptocurrency history. Many analysts describe Pump.fun as a cornerstone of the 2024-2025 meme coin craze. Mainstream financial sources like Bloomberg even noted that Pump.fun was one of the biggest drivers of the explosive increase in activity on the Solana blockchain. The project became a phenomenon with its multi-billion-dollar ICO and its millions of users. Of course, it wasn't without its critics: some see Pump.fun as dysfunctional, serving only speculation and "pump-dump" cycles. As a matter of fact, the majority of tokens created on the platform either lose value in a short time or die without receiving sufficient attention.Frequently Asked Questions (FAQ)Below are some frequently asked questions and answers about Pump.fun:What is Pump.fun, and when did it launch?: Pump.fun is a meme coin creation platform and ecosystem token running on the Solana network. It allows users to easily create their own tokens. The platform launched in January 2024, and its native token, PUMP, was launched in July 2025 (opened to the public through an ICO).Who developed Pump.fun?: The project was initially developed by an anonymous team. The founders initially remained anonymous, but names like Alon Cohen and his partners later emerged. It is known that the team also included entrepreneurs like Noah Tweedale and Dylan Kerler. So, while the developers initially remained anonymous, they have become somewhat well-known as the project has grown.How does Pump.fun work?: Pump.fun runs entirely on-chain smart contracts. Because it's built on the Solana blockchain, users can use the platform with any Solana-compatible wallet. Anyone can create a new token with just a few clicks and instantly make it available for trading on the platform. The price of newly created tokens is determined by an automated model called the bonding curve - each purchase gradually increases the price, while sales decrease it. This creates transparent pricing, even if initial liquidity is low. The PUMP token is used for fees within the platform, governance votes, and ecosystem-related decisions.Is Pump.fun suitable for investment?: This depends entirely on the investor's risk preferences. Pump.fun and similar community coin projects have very high volatility; both large gains and losses can occur in a short period. While the project grew rapidly and attracted considerable attention, it was later shaken by trust issues and price drops. Therefore, it should be considered a highly risky investment. If you believe in the project and see long-term potential, it is best to only invest with amounts you can afford to lose. In any case, it is recommended that you conduct your own research before investing in projects like Pump.fun and carefully evaluate the project's community status and development roadmap. How is Pump.fun's price determined?: The price of the PUMP token is determined by the supply-demand balance in the markets. Since PUMP is now traded in the free market after the ICO, transactions between buyers and sellers on exchanges drive the price up and down. While the price initially rose above the ICO price, it subsequently declined due to sales. Factors such as the platform's success, usage rate, and news-based expectations also influence the price. In short, PUMP, like other cryptocurrencies, is priced under constantly changing market conditions. User-created tokens on the Pump.fun platform are initially priced within the platform using a bonding curve model. Once they reach sufficient liquidity, they are transferred to decentralized exchanges and subject to market conditions.Is Pump.fun just a meme coin, or does it have a utility?: What is the purpose of the Pump.fun coin? The Pump.fun project has two aspects. While the PUMP token may have the aura of a meme coin when viewed alone, it actually has various uses as the platform's official token. This token provides voting rights in the platform's governance processes, and a portion of transaction fees can be paid with PUMP. It's also stated that it could be used for purposes such as sharing platform revenue and participating in special events in the future. Furthermore, the Pump.fun platform is an ecosystem where countless meme coins can be created in addition to PUMP—it's not just a single coin, but an infrastructure and community project. In short, PUMP is more than just a humor-themed token; it's a tool at the heart of the Pump.fun ecosystem, contributing to its benefits.Follow the JR Kripto Guide series for the latest developments and community news about Pump.fun.
Major Turmoil in Crypto Markets: Why Are Bitcoin and Altcoins Declining?
Bitcoin and other major cryptocurrencies have experienced significant price declines in recent days. Bitcoin has fallen by over 5%, falling from record highs above $124,000 to $113,500. Other major tokens like Ethereum (ETH), XRP, and Solana's SOL have also experienced corrections, dragging the broader market down. On Wall Street, the tech-heavy Nasdaq index fell 1.40% to $23,384 from a record high of $23,969 a week ago, indicating weakening bullish momentum. Most market commentators attributed these losses on Wall Street and the crypto markets to investor risk aversion ahead of Federal Reserve (Fed) Chair Jerome Powell's speech at this week's Jackson Hole event. The prevailing view was that persistent inflation data could prevent Powell from meeting the market's dovish expectations. However, analysts suggest the real driver of this decline is different.What's Behind the Bitcoin decline? According to David Duong, head of institutional research at Coinbase, the primary reason for this sharp market sell-off is fear of the US government's anticipated liquidity withdrawal from the Treasury's General Account (NPL). Duong said, "Jackson Hole and the PPI are simply excuses for market participants to reduce risk ahead of the US Treasury's NPL liquidity withdrawal (approximately $400 billion) in the coming weeks. This explains why Bitcoin, along with many stocks, has lost its trend. However, we believe the path forward in September is clearer."The Treasury General Account is the US government's operating account at the Fed. It is used to collect taxes, customs duties, proceeds from securities sales, and public debt revenue, while also facilitating government payments. Just like our savings accounts, the NPL balance fluctuates daily, rising with revenues and falling with payments.The Treasury typically spends its cash balance during periods of fiscal uncertainty, such as the persistent debt ceiling, to enable the government to meet its obligations. NPL expenditures support risky assets by increasing liquidity in the system. The opposite occurs when the Treasury attempts to rebuild its balance by issuing more debt than necessary to finance its liabilities. This tends to drain liquidity from the system.According to data source MacroMicro, the NPL balance has increased from approximately $320 billion to over $500 billion since the end of July. Seeking Alpha estimates that the Treasury may need to issue $500-600 billion worth of new debt over the next two to four months to return the NPL to healthy levels.According to Delphi Digital, this restructuring is occurring under more fragile conditions than in previous years. “Compared to 2023, the financial system now faces fewer liquidity buffers, tighter balance sheet capacity, and reduced foreign demand for Treasury bills. The structural ability to absorb large-scale issuances has weakened across all major channels. If the Federal Reserve maintains its tightening stance or delays a pivot, the mismatch between supply and current demand could increase funding rates and spill over into a broader range of risky assets, including crypto,” said Marcus Wu, research analyst at Delphi Digital.Wu added that the recent large-scale restructuring in the second half of 2024 was offset by other pro-liquidity developments, such as the $2 trillion in the Fed’s RRP facility, healthy bank reserves, and strong foreign demand for debt. However, these factors have eroded over time, leaving the current liquidity environment vulnerable to disruption, as Wu noted. Profit-taking and macroeconomic developments are driving Bitcoin and altcoinsFurthermore, according to experts, Bitcoin and Ethereum also experienced declines due to profit-taking and repositioning ahead of Fed Chair Powell's Jackson Hole speech.With the current market consolidation, analysts said investors are closely monitoring exchange-traded funds (ETFs) and macroeconomic catalysts. After a record-breaking July, spot Bitcoin ETFs saw a slowdown in inflows and even some net outflows this month. Ether ETFs, which saw strong inflows in the first two weeks of August, have also recently begun to see outflows.Investors are now closely watching the minutes of the Federal Open Market Committee (FOMC) July meeting, due out on Wednesday, and Federal Reserve Chair Jerome Powell's speech in Jackson Hole on Friday. "The most important event in the near term is Powell's Jackson Hole speech this Friday," said Peter Chung, head of research at Presto Research. "The market is already expecting a rate cut in September. If he says something contradictory, expect a sharp correction. However, if he exhibits a more dovish tone than expected, the market could rally," Chung said. Chung noted that the market movements over the past few days are a result of investors positioning themselves for the outcome of this important event, which remains uncertain.
Trump Family Moves Into Dogecoin and Litecoin Mining
Thumzup Media Corp., whose largest shareholder is Donald Trump Jr., announced that it will acquire Dogehash Technologies, a mining company for Dogecoin and Litecoin, through a stock swap. As part of the deal, the combined company will be rebranded as Dogehash Technologies Holdings, Inc. and will begin trading on Nasdaq under the ticker symbol XDOG.A Massive $153.8 Million DealAccording to a statement released Tuesday, Dogehash shareholders will receive a total of 30.7 million Thumzup shares. This represents a valuation of approximately $153.8 million based on the company's last closing price. The deal is expected to be finalized by the end of the year after shareholder approval.Dogehash currently mines approximately 2,500 Scrypt-based ASIC devices in renewable energy-powered data centers in North America. The company focuses primarily on mining Dogecoin (DOGE) and Litecoin (LTC) and plans to further expand its capacity by 2026. Thumzup CEO Robert Steele stated that this merger is a critical step in the company's transformation:“Dogehash offers a world-class mining operation powered by low-cost renewable energy. Our vision is not only to efficiently mine Dogecoin and Litecoin; we also leverage Dogecoin's fast transaction times and low fees to expand its use cases, such as daily payments and rewards systems.”Dogehash CEO Parker Scott emphasized their long-term strategy, saying that owning and operating their own fleet will put the company ahead of its competitors.It's also worth noting that Thumzup is the company behind Truth Social, a platform frequently used by US President Donald Trump.The Trump Family's Growing Crypto EmpireThis move adds another link to the Trump family's crypto investments. Donald Trump Jr. and Eric Trump partnered with Hut 8 to establish American Bitcoin earlier this year. World Liberty Financial, another Trump-backed venture, decided to add the WLFI token to the company's treasury as part of a $1.5 billion deal with Nasdaq-listed ALT5 Sigma.Thumzup shares plummeted following the announcement of the deal. The company's shares fell 41% in one day to $5.01. Analysts attributed this decline to stock dilution and operational risks.Doge's price was also affected by the general market sell-off during the same period. DOGE fell 1.09% in the last 24 hours to $0.213, bringing its weekly losses to over 11%. Thumzup raised additional funds for mining expansion and digital asset accumulation with a $50 million share sale in July. The company also aims to increase miners' earnings by staking in DeFi products on Dogecoin's DogeOS Layer 2 network.
SOL Comment and Price Analysis - August 19, 2025 | JrKripto
SOL Technical AnalysisSolana continues to trade within its broad ascending channel structure, which has remained intact for a considerable time. Both the lower and upper boundaries of the channel remain valid in the bigger picture. Recently, the price has been moving upward within the mid-zone of this channel.The $167.87 horizontal support level was tested in recent days, with the price rebounding strongly from this area. This level is critical as it coincides with both horizontal support and the ascending trendline. The price is currently around $183.77 and is advancing toward the upper resistance area.If the price maintains stability above $167, the upward movement is expected to continue. In this scenario, the next targets to watch are $191.89, $201.24, and $233.18, respectively. Technically, the upper boundary of the channel aligns with the $300 level, forming a strong medium-term target.In case of a pullback, the first support will be $167.87. Below this, the $146.86 – $140.03 range will serve as a critical support area. For deeper corrections, the $121.00 – $122.00 zone near the channel’s lower boundary stands out as a strong demand area. Rising Channel Structure Summary:Price: $183.77, trading within an ascending channelFirst support: $167.87Upside targets: $191.89 → $201.24 → $233.18 → $300Primary trend: Ascending channel remains intact; uptrend is preservedThis analysis does not constitute investment advice and focuses solely on support and resistance levels that may present potential short- to medium-term trading opportunities based on market conditions. All trading and risk management decisions are solely the responsibility of the user, and the use of stop-loss orders is strongly recommended.
APT Comment and Price Analysis - August 19, 2025 | JrKripto
APT Technical AnalysisThe falling channel pattern remains intact on the APT chart. Following a sharp recent sell-off, the price dropped below the channel’s midline before finding support at the horizontal level of $4.06. This rebound sparked renewed movement within the channel, with the price now trading at $4.60.The first key threshold for sustaining upward momentum is the $4.93 resistance level. A breakout above this zone could pave the way for a move toward the channel’s upper boundary, located around $5.10–$5.60. However, strong volume will be essential for overcoming these resistance levels.Otherwise, the price could retreat back to the $4.44 - $4.06 support range. These two zones serve as short-term defensive lines for APT.If the channel breaks to the upside, the technical target could be projected based on the channel’s length. This points to a potential medium-term move toward $6.18–$6.39, followed by $7.10. The primary target level at $8.40 remains in play. Falling Channel Structure In summary:Price: $4.60Short-term resistance: $4.93 → $5.10 → $5.60Channel upper band: $5.60Short-term support: $4.44 → $4.06Upward breakout targets: $6.18 → $6.39 → $7.10Channel breakout target: $8.40This analysis does not constitute investment advice. It focuses on support and resistance levels that may present trading opportunities in the short to medium term, depending on market conditions. All trading decisions and risk management remain the sole responsibility of the user. The use of a stop-loss is strongly recommended for all trades mentioned.
XRP Comment and Price Analysis - August 19, 2025 | JrKripto
XRP Technical AnalysisThe rising channel structure, similar to the ARKM chart, is striking on the XRP chart. The price has begun to retreat after touching the upper band. Such movements are considered healthy in channel structures, as it is crucial for the price to take a breather and test support areas for the continuation of the uptrend.In the short term, the 2.85-2.93 area stands out as the first significant support. If this area holds, the price could move back towards the upper band of the channel. However, if it remains below this level, the next strong support lies in the 2.38-2.44 area. This area, which also intersects with the channel's lower trend, could be a critical area for a potential reversal.In an upside scenario, if the price tests above $3.00 again, the upward momentum can be expected to strengthen. The upper band of the channel corresponds to the 3.40-3.50 area on average and is a strong target. Rising Channel Structure Summary:XRP maintains its positive structure within the ascending channel.2.85-2.93 is the first support area.Strong support for a reversal as it intersects with the channel lower trend at 2.38-2.44.The channel upper band is targeted at the average 3.40-3.50 range.These analyses do not constitute investment advice and focus on support and resistance levels that may present potential trading opportunities in the short and medium term, depending on market conditions. However, the responsibility for executing trades and managing risk lies entirely with the user. It is also strongly recommended to use stop-loss orders for any trades mentioned.
A First in the US: Wyoming Launches Its Stablecoin on 7 Major Blockchains
Wyoming, a blockchain-friendly US state, has made a first in cryptocurrency history. The state has officially launched its stablecoin, Frontier Stable Token (FRNT), fully backed by reserves. This development made history as the first stablecoin issued by a public institution in the US.Wyoming Governor and Wyoming Stable Token Commission Chairman Mark Gordon emphasized in a statement that this step is a critical milestone for the state's economy:"The mainnet launch of the Frontier Stable Token will provide our citizens and businesses with a modern, efficient, and secure means of payment in the digital age."Published on seven different blockchainsWyoming's stablecoin isn't limited to a single network. FRNT was launched simultaneously on Ethereum, Solana, Avalanche, Arbitrum, Optimism, Base, and Polygon. This multi-network strategy will allow the token to gain broader access and use across various ecosystems.However, FRNT is not yet directly tradable. However, according to the press release, the token is expected to be available on the Solana network via the Kraken exchange and on the Avalanche network via Rain's Visa integrated card platform within a few days. Fully reserve-backed, over-collateralizedReserve transparency is often a major topic of discussion in the stablecoin market. The Wyoming government aims to establish trust in this area. FRNT is backed by US dollars and short-term US Treasury bonds. A 2% over-collateralization policy provides additional protection against potential volatility.The reserves are managed by Franklin Advisers, while Fireblocks is responsible for the blockchain infrastructure, LayerZero for the token issuance process, Inca Digital for open-source intelligence, and The Network Firm for auditing and monthly reporting. All of these partnerships were selected through a formal bidding process.Compliant with Federal RegulationsFRNT's launch is part of the recently passed GENIUS Act of the United States. This law establishes clear regulations for stablecoin issuers and aims to increase market reliability. Stablecoins currently constitute a $260 billion asset class. Crypto market research firm Keyrock predicts that the stablecoin market could reach a trillion-dollar scale within the next few years and fundamentally disrupt global payment systems.Wyoming has become one of the most innovative states in the US in recent years with its blockchain-friendly legislation. The Wyoming Stable Token Commission, established in 2023, has been working on the development of FRNT and its integration into public finance. Last month, the state successfully tested real-time payments to a government contractor through the Avalanche-based Hashfire system.With this move, Wyoming is taking a leading role in the publicly backed stablecoin space not only in the US but also globally.
Coinbase, Uniswap, Solana, and 5 Other Companies Join Forces for Crypto in Washington
The crypto industry's most powerful companies and lobbying groups have taken a new step to deepen their relationships with policymakers in the US. Industry giants such as Coinbase, Kraken, Uniswap Labs, Paradigm, Andreessen Horowitz, the Solana Policy Institute, and the Digital Currency Group (DCG) have announced the establishment of a nonprofit called the American Innovation Project (AIP).The new organization aims to provide direct information to US politicians and officials on not only cryptocurrency but also artificial intelligence and other decentralized technologies. Julie Stitzel, DCG's vice president of policy, said that the AIP aims to "bridge the gap between policymakers and the public by translating complex technological developments into understandable and actionable insights."Establishing an Education-Focused, Nonpartisan StructureOne of the AIP's key strengths is its focus on education and its emphasis on political neutrality. Stitzel stated that the organization will complement its existing lobbying efforts, but aims to inform, rather than influence, lawmakers. AIP will operate in the US under 501(c)(3) status. This legal status places it in the same category as churches, museums, and schools, providing tax exemption. However, according to IRS regulations, such organizations are required to engage in limited political lobbying activities.The organization's board of directors includes some of the most influential lobbyists in the industry. Solana Policy Institute President Kristin Smith, Blockchain Association COO Allie Page, and Coinbase policy strategist Nick Carr will serve on AIP's board.Crypto Regulation Emerges in WashingtonAIP's establishment comes at a time when crypto regulations are accelerating in the US. Last month, President Donald Trump signed a bill establishing a federal framework for stablecoins. The House of Representatives passed a comprehensive bill broadly regulating the crypto sector. The SEC has also launched a new initiative called "Project Crypto" to update rules regarding token distributions, custody solutions, and trading activities. During this period, the AIP will organize various events to help policymakers make more informed decisions about technology. According to the statement, the organization will bring together industry representatives and legislators through closed-door sessions, workshops, and roundtable discussions.First Event: Jackson Hole SummitAIP's inaugural event will be held concurrently with a special crypto policy summit in Jackson Hole, Wyoming. Co-hosted by Anthony Scaramucci's SALT conference and Kraken, the event will host high-level politicians and regulators. Attendees include Senate Banking Committee Chairman Tim Scott, Wyoming Senator Cynthia Lummis, SEC Chairman Paul Atkins, and Fed Vice Chair Michelle Bowman.Kristin Smith, President of the Solana Policy Institute and President of the AIP, said, "Our goal is simple yet urgent: to equip America's leaders with the knowledge and tools to make the right decisions in a rapidly evolving technological environment."
SEC Deals Blow to Altcoin ETFs: XRP, DOGE, and LTC Applications Delayed
The U.S. Securities and Exchange Commission (SEC) has once again postponed its decision on Truth Social's proposed Bitcoin and Ethereum exchange-traded fund (ETF). The application for Truth Social, a social media platform owned by Trump Media & Technology Group, was initially submitted in June. According to the SEC's official statement, the new deadline has been set as October 8, 2025. Furthermore, with its latest move, the SEC will also postpone decisions on DOGE, LTC, and XRP ETFs.Truth Social's ETF application sparks controversyWhile Truth Social's Bitcoin and Ethereum ETF may seem like an ordinary application in the crypto world, its political connections have generated significant buzz. The fact that former US President Donald Trump is behind the application makes the approval process even more controversial. Trump has recently been in the news for his cryptocurrency projects. The DeFi and stablecoin initiative World Liberty Financial, in particular, and the TRUMP and MELANIA-themed memecoins have increased the Trump family's influence in the crypto world. Therefore, some argue that a potential approval could lead to a trust issue in the markets. Caroline Ciccone, president of Accountable.US, a nonprofit that pushes government transparency, said, “If the SEC approves this ETF, it will raise questions in the minds of Americans. Is this decision made in the best interests of the country, or is it serving the President’s business?”Other crypto ETF applications also postponed: XRP, DOGE, LTC affectedSimilar decisions were made for other crypto ETFs alongside the Truth Social application. The SEC announced that it will announce decisions on the CoinShares Litecoin ETF, CoinShares XRP ETF, and 21Shares Core XRP ETF later in October. It was also reported that investigations into the staking permissions of the Canary XRP Trust, Grayscale XRP Trust, and 21Shares Core Ethereum ETF are ongoing.The SEC's list of postponements is quite extensive. The institution postponed not only the Trump family-linked Bitcoin + Ether ETF but also several XRP-focused applications. Grayscale, CoinShares, Canary Capital, Bitwise, and 21Shares all postponed XRP ETF filings to October 19th, while Franklin Templeton’s spot XRP ETF was moved to November 5th. Grayscale’s Dogecoin ETF and CoinShares’ Litecoin ETF were also extended; the Litecoin ETF decision date is October 23rd, while the Dogecoin ETF is slated for a flexible timeframe between late 2025 and early 2026. Furthermore, the proposal to add staking functionality to the 21Shares Core Ethereum ETF is under review, but this filing doesn’t specify a specific deadline. Last week, the SEC similarly postponed applications for the Solana ETF by VanEck, 21Shares, and Bitwise, as well as 21Shares's request for a Dogecoin ETF.The SEC's approach to crypto ETFs has undergone a significant transformation in recent years. During the Biden administration, influenced by court decisions, first spot Bitcoin ETFs were approved, followed by spot Ethereum ETFs. With the Trump administration, more flexible measures have been taken. For example, in July, the SEC accepted in-kind creations and redemptions of crypto ETFs by "authorized participants."This change is leading to speculation that it could pave the way for more products in the crypto market. However, the situation is more sensitive when it comes to the Trump-linked Truth Social ETF, as this approval is directly linked not only to market dynamics but also to politics.
ARKM Comment and Price Analysis - August 18, 2025 | JrKripto
ARKM/USDT Technical AnalysisOn the ARKM chart, we see the price moving within an ascending channel. The channel structure is quite organized, and the price reacts strongly to both horizontal support and resistance zones, as well as the channel boundaries. Rising Channel Chart Currently, the price is trading between $0.52 and $0.53. This area represents a critical short-term support level. If it manages to hold above this level, the potential for a rally towards the $0.57 resistance level will increase. The $0.57 area is the most significant short-term resistance level. If it can sustain above this level, the price can be expected to initiate a strong and volatile move towards the upper band of the channel. The upper band of the channel corresponds to the average $0.70 area.In a downside scenario, if the $0.52 support level is broken, the price is likely to initially retreat to the $0.48 area. In a deeper correction, the $0.45 and $0.41 levels stand out as support levels. However, sustaining below $0.41 could weaken the bullish scenario.The overall structure is positive within the ascending channel. A sharp and volatile move is likely after the channel breakout. The direction of the breakout should be closely monitored.These analyses do not constitute investment advice and focus on support and resistance levels that may present potential trading opportunities in the short and medium term, depending on market conditions. However, the responsibility for executing trades and managing risk lies entirely with the user. It is also strongly recommended to use stop-loss orders for any trades mentioned.
ENA Comment and Price Analysis - August 18, 2025 | JrKripto
ENA/USDT Technical AnalysisLooking at the ENA chart, we see that the price has broken its long-standing downtrend. Following this breakout, we can say that the structure is now positive. Following the breakout, the trend momentarily pulls back towards the retest zone. The retest period is technically quite healthy.In the short term, the $0.66 level acts as intermediate support. However, the most important area is the $0.60-$0.62 range. This is because this area acts as both horizontal support and a retest zone, with the strongest potential to become a reversal zone. A price reversal from this area could lead to a healthy upward movement.In an upside scenario, the first significant resistance lies between $0.71 and $0.72. A break above this level could quickly push the price to the $0.80 region. If it can sustain above this level, there is potential for an increase to the $1 region in the medium term., Retest District Summary:The market structure is positive with the trend breakout.The $0.60-$0.62 range is the critical retest zone for a healthy return.$0.72-$0.73 is the initial resistance, $0.80 is the main resistance.Above $1 could be the medium-term target.These analyses do not constitute investment advice and focus on support and resistance levels that may present potential trading opportunities in the short and medium term, depending on market conditions. However, the responsibility for executing trades and managing risk lies entirely with the user. It is also strongly recommended to use stop-loss orders for any trades mentioned.
What is Aerodrome Finance (AERO)?
Aerodrome Finance is a fully decentralized exchange (DEX) and automated market maker (AMM) platform running on the Base network developed by Coinbase. While it may sound technical, the logic is simple: Aerodrome is the meeting point for anyone looking to trade, provide liquidity, and have a say in the governance of the Base ecosystem. It stands out with its low-cost transactions, fast confirmation times, and user-friendly structure. Moreover, the AERO coin (token) at the heart of the platform is central to both liquidity incentives and the governance mechanism. So, the answer to the question of what Aerodrome Finance is: it's an innovative and user-focused decentralized exchange protocol on the Base network, growing through community power.So, how did this platform come about, what was its purpose, and why has it become so important in the DeFi ecosystem? What is Aerodrome Finance, what is AERO coin? What does Aerodrome Finance do? Let's take a step-by-step look at Aerodrome Finance's story, history, technical features, and role on the Base network.Aerodrome Finance's Definition and OriginAerodrome Finance is a decentralized exchange and liquidity protocol operating on the Base network, allowing users to trade tokens without the need for intermediaries. It's based on an automated market maker (AMM) approach like Uniswap, but it has a key difference from other DEX platforms: it combines multiple liquidity models under one roof. This includes classic token pools like Uniswap V2, stablecoin-focused pools like Curve, and concentrated liquidity pools inspired by Uniswap V3. Bu çeşitlilik sayesinde Aerodrome, sermaye verimliliğini artırırken farklı türdeki varlık çiftleri için en uygun likidite çözümlerini sunabiliyor. Bir diğer dikkat çekici özellik ise ve(3,3) modeli. Bu sistemde tüm işlem ücretleri ve ödüllerin tamamı, doğrudan AERO token’larını kilitleyerek veAERO adı verilen oy hakkını elde eden kullanıcılara aktarılıyor. Böylece hem likidite sağlayıcıların hem de yönetişim sürecine katılan topluluğun çıkarları aynı noktada buluşuyor ve ekosistemin uzun vadede sürdürülebilir olması hedefleniyor.Peki, AERO coin çıkış tarihi ne zaman? Aerodrome Finance, Ağustos 2023’te Base ağında hayata geçti. Ethereum Layer-2 (L2) çözümü olan Base’in henüz yeni yeni şekillenmeye başladığı dönemde devreye girerek, ağ üzerindeki merkeziyetsiz ticaretin ilk temellerini atan projelerden biri oldu. Geliştirici ekibi ise aslında Optimism ağındaki popüler DEX olan Velodrome Finance’ın çekirdek kadrosu. Alex Cutler ve Tao Watts gibi isimler, Base geliştirici ekibiyle yakın çalışarak Aerodrome’u inşa etti. Coinbase’in de destek verdiği Base ağı üzerinde, Velodrome’un ve(3,3) modelini uygulayarak Base’e özel bir likidite merkezi oluşturmayı hedeflediler. Üstelik bu lansman, geleneksel token satışı ya da VC desteği olmadan, tamamen topluluk odaklı bir şekilde gerçekleşti.Aerodrome Finance’ın çıkış amacı net: Base ağı üzerinde verimli likidite sağlamak ve yeni projelerin ekosisteme sorunsuz bir şekilde adım atabileceği bir “likidite üssü” olmak. Base’in kendi yerel token’ı bulunmadığı için, ekosistemde teşvik unsuru olacak bir tokene ihtiyaç vardı. AERO token, bu boşluğu doldurmak ve Base ekosisteminin teşvik token’ı olmak için tasarlandı. Aerodrome, adeta Base üzerindeki projelerin iniş pisti gibi çalışıyor: Yeni bir token piyasaya sürüldüğünde, Aerodrome’daki likidite havuzları sayesinde hızla derin likiditeye ulaşabiliyor. Örneğin WETH, USDC gibi temel varlıklar için havuzlar açılarak kullanıcıların ihtiyaç duyduğu likidite sağlandı; Coinbase’in sarılmış Bitcoin’i cbBTC de kısa sürede Aerodrome havuzları sayesinde yüksek hacme ulaştı. Bugün Aerodrome Finance, Base ağında merkeziyetsiz ticaretin ve yield farming fırsatlarının önünü açan kritik bir altyapı. Dahası, Optimism-Base Superchain vizyonuna paralel olarak, Optimism’deki Velodrome ile kardeş protokol konumunda ve birlikte daha geniş bir süper zincir ekonomisinin temellerini atıyor. Working principle of Aero. Aerodrome Finance's History: Key MilestonesAlthough Aerodrome Finance is still a young project, it has quickly achieved many significant milestones that have made its name known. Since its launch, many notable milestones have been achieved both within the Base ecosystem and the DeFi world. Let's take a chronological look at these milestones that shaped Aerodrome's story.Launch and Initial Activities: August 2023Aerodrome Finance officially launched on August 28, 2023, immediately following the launch of the Base mainnet. That day, the platform's smart contracts began running on Base, and the first transactions were made. The launch was not a standalone project; it was a collaboration with approximately 20 other projects. This quickly provided the initial liquidity needed by the Base ecosystem. Among the first pools opened were critical pairs for both Ethereum and stablecoins, such as WETH-USDC and cbETH-WETH. This allowed Base users to trade their popular assets at low cost and with rapid confirmation from day one.Another surprise of the launch was the AERO token airdrop. Aerodrome's governance token, AERO, was distributed to holders of the Velodrome platform and VELO tokens locked in Optimism. Furthermore, 40% of the total supply was allocated to this group.First liquidity incentives launched: September 2023Aerodrome immediately implemented yield farming incentives upon launch. Liquidity providers (LPs) began earning AERO token rewards by depositing tokens into pools and staking the LP tokens they received on the platform. The incentive model was designed to operate in weekly periods, or epochs. Each week, AERO rewards allocated to designated pools and the previous week's trading fees were distributed based on the preferences of the community's voting AERO holders. In the first weeks of launch, major pairs like WETH-USDC received the most votes, and as more rewards were distributed, liquidity quickly flowed into these pools. As a result, Aerodrome's total locked asset (TVL) quickly reached hundreds of millions of dollars. Aside from brief price fluctuations in October 2023, the platform maintained a steady growth trajectory, becoming the DeFi protocol with the highest TVL on the Base network by the end of its first months.Exchange Listings and Trading Volume Increase: Fall 2023As Aerodrome's popularity grew, the AERO token entered the radar of centralized exchanges. By the end of 2023, AERO began listing on several major crypto exchanges. In December 2023, the Coinbase Exchange listing followed, allowing users to buy and sell AERO directly on Coinbase. This move not only increased Aerodrome's awareness but also accelerated its trading volume. When daily DEX volumes on the Base network reached record levels in the first quarter of 2024, Aerodrome alone accounted for more than 10% of this volume. In March 2024, the total daily volume of decentralized exchanges on the Base network exceeded $1.2 billion, making Aerodrome the second-largest DEX with a 9.7% share.Coinbase ecosystem fund investment: February 2024In February 2024, a critical development occurred for Aerodrome. The Base Ecosystem Fund, led by Coinbase Ventures, strategically invested in the project and began holding a large amount of AERO tokens. This move clearly signaled that Aerodrome was indirectly supported by Coinbase. Following the news, the price of the AERO coin skyrocketed, rising from approximately $0.09 to over $0.60, gaining over 600% in a week. Coinbase not only invested; He locked the AERO he received and converted them into veAERO and began participating in the protocol's governance votes. By voting for pools that would benefit his ecosystem, particularly Coinbase's wrapped Bitcoin asset, cbBTC, he strengthened liquidity on Base and helped Aerodrome reach a wider user base.All-Time Price High: December 2024The general upward trend in the crypto market that began in late 2024 also had a powerful impact on the AERO token. In December, AERO reached an all-time high of approximately $2.3. This peak clearly reflected both Aerodrome Finance's success on the Base network and the growing demand for the ecosystem. At the time, the platform's total locked asset value (TVL) broke a record, exceeding $800 million. However, due to the volatile nature of the crypto market, these levels were not maintained for long. The market correction in the first quarter of 2025 led to a sharp pullback in AERO's price, bottoming out at around $0.28 in April. However, the platform's trading volume and user activity remained stable; on the contrary, the price began to recover, and AERO returned to above $1 within a few months. Currently, AERO is trading around $1.34. Integration with the Coinbase app: Summer 2025One of the most significant milestones in Aerodrome's story came in the summer of 2025. In August, Coinbase announced the addition of decentralized exchange (DEX) integration to its mobile app for US users. In this system, trades were routed to liquidity on the Base network through aggregators like 0x and 1inch. This enabled the Coinbase app to scan the liquidity of DEXs on Base, such as Aerodrome and Uniswap, and offer users the best-priced swap opportunities. This move enabled millions of Coinbase users to trade directly from Aerodrome pools. Following the news, the price of AERO rose more than 30% in a week. The Aerodrome team worked closely with Coinbase to support the integration process and ensured that liquidity on Base reached a much wider audience.Record total volume and current status: 2025In just two years, Aerodrome Finance has become an indispensable project within the Base ecosystem. By mid-2025, the platform's total transaction volume exceeded $250 billion, representing a fivefold increase compared to 2024. The number of daily active users and the number of transactions continued to increase in line with the overall growth of the Base network. The development team was not idle either; innovations such as the concentrated liquidity feature promised with Velodrome V2 and the more user-friendly Night Ride interface were gradually implemented. By the second half of 2025, Aerodrome maintained its position as the largest DEX on Base and began pushing the billion-dollar threshold in total locked value.Why Is Aerodrome Finance Valuable?There are many reasons that make Aerodrome Finance valuable. It's no coincidence that it has quickly become such a central position in a new blockchain ecosystem like the Base network. Its innovative design and community-centered approach have made it an indispensable part of the ecosystem. Here are the key points that make Aerodrome stand out:Decentralized trading on the Base networkAerodrome Finance played a pioneering role as one of the first major DeFi projects to launch on the Base network. When the Base network launched in 2023, users were looking for a reliable, local decentralized trading platform. This is where Aerodrome stepped in, becoming Base's first DEX platform. But it wasn't just the first; it quickly grew to become one of the ecosystem's largest applications. Its high liquidity and growing user base directly contributed to the success of other projects on Base. In fact, during the boom in volume on Base during the memecoin boom, it became one of the most traded platforms alongside giants like Uniswap.Highly efficient liquidity providerAerodrome Finance's design is packed with clever mechanisms to both attract and preserve liquidity over the long term. At its core, it's a "meta-DEX" infrastructure that combines the best aspects of different DEX models, such as Uniswap V2, Uniswap V3, and Curve, all in one place. This allows users to offer the best price and lowest slippage on both volatile token pairs and stablecoin pairs like USDC-USDT. For example, while trading with near-zero losses using Curve's StableSwap algorithm on stablecoin pairs, the simple and predictable pricing offered by Uniswap's x*y=k model comes into play on volatile pairs. To increase capital efficiency, it has also gradually added the concentrated liquidity system we saw in Uniswap V3.On top of this, Aerodrome's trademark ve(3,3) incentive model is implemented. In this model, all transaction fees and rewards go to users who lock their AERO tokens and convert them into veAERO. There is no intermediate commission layer; the user earns directly. Those who provide liquidity earn AERO tokens, while those who lock their AERO receive a share of all transaction fees on the platform.Community Incentives and Staking RewardsAerodrome Finance has been a project that has placed the community at its core since its inception. The AERO airdrop at launch is a clear example of this. The platform operates entirely based on community incentives. Everyone who provides liquidity earns AERO token rewards. The reward amount is determined by votes cast in weekly epochs. Earned AERO can be sold or re-locked and converted into AERO to participate in governance.Furthermore, users who lock their AERO for a specific period receive a share of the weekly transaction fees and collect additional rewards offered by other users for pool incentives (voter incentives). For example, a newly launched project on Base can offer additional rewards to AERO holders when they want to attract liquidity for their token on Aerodrome. AERO holders vote for that pool to receive these rewards, and the LPs of that pool earn more AERO. It provides benefits.Low transaction fees, fast transaction confirmationAnother strength of Aerodrome is the Base network it operates on. This Layer-2 solution, which offers much lower gas fees and high speed compared to Ethereum, makes transactions both cheap and fast. Swapping tokens on Aerodrome typically costs only a few cents, and the average confirmation time is around 2–3 seconds. Furthermore, the platform's smart contracts support solutions like "Flashbots," ensuring faster and more prioritized transactions.Low slippage and low fees are a significant advantage, especially for users trading large volumes. Aerodrome maintains this advantage by keeping its pools deep and using advanced price discovery methods. Combined with Base's low-cost and fast structure, this results in a truly user-friendly trading experience.Aerodrome Finance's Developers and CommunityThe team and community behind Aerodrome Finance play a significant role in its success, as much as its technical infrastructure. The founding developers, strong partners, and an active user base have combined to make the platform one of the most important projects on the Base network. Founding Team and Project PartnersWho is the founder of Aerodrome Finance? Aerodrome's founding team consists of experienced individuals in the DeFi world. The core team of the Velodrome protocol on Optimism, led by Alex Cutler and Tao Watts, participated in this project. Bringing their Solidly/Velodrome experience to the Base network, the team developed the technical infrastructure and collaborated closely with the Base team. Support from Coinbase and the Base team was also crucial throughout the development process; in fact, official presentations specifically emphasized that Coinbase was developed in conjunction with the Base team.During Aerodrome's launch, we collaborated with approximately 20 different protocols to provide liquidity to the ecosystem. These partners included various DeFi projects operating on the Base network, token-issuing startups, and decentralized applications. In early 2024, the Base Ecosystem Fund investment, led by Coinbase Ventures, provided institutional confidence in the project. Coinbase locked up its AERO tokens, participated in governance, and clearly demonstrated its long-term commitment to support. In short, Aerodrome Finance launched with an experienced team from Velodrome and the support of industry giants.Community Contribution and Its Role in GrowthAerodrome Finance was designed as a community-driven project from the outset. The launch of the veAERO airdrop gave thousands of DeFi users the right to vote and integrated them into the platform's governance process. The community decides which liquidity pools will receive the most incentives through weekly votes. This system ensures that incentives are shaped entirely by user preferences.The community not only votes; they also share ideas for platform development on forums and social media, suggesting new features. For example, the decision to prioritize the concentrated liquidity feature was made directly through community requests. Thanks to the platform's transparent communication approach, the roadmap is shared with users, and feedback is quickly evaluated.Decisions at Aerodrome are made directly through the votes of veAERO holders under the veDAO structure. Important issues such as emission rates, new pool additions, and protocol fees are put to a vote. Thus, the entire management of the project operates completely transparently through smart contracts. As of 2025, more than 600,000 addresses are known to hold AERO.DAO Governance Model and Decision ProcessesWith its governance structure, Aerodrome Finance operates exactly like a DAO. The AERO token is both central to incentives and serves as the key to governance. Users lock their AERO and convert them into AERO NFTs, gaining voting rights. These votes determine which pools will receive weekly emissions. Pools with the most votes earn more AERO rewards that week.All decisions made within the protocol are recorded on-chain, and the results are automatically implemented. For example, monetary policy management, called the "Aero Fed," has been delegated to the community according to a set schedule, and emissions changes are now determined entirely by user votes. Furthermore, Aerodrome's public goods fund is managed by community votes, and this fund provides support for projects that will add value to the ecosystem.This entire structure makes Aerodrome Finance a decentralized, community-driven project. Because users are involved in the project as both investors and decision-makers, a sense of belonging is strengthened. This democratic model contributes to the platform's long-term durability and sustainability. As a result, Aerodrome Finance maintains its leadership position within the Base ecosystem as a protocol growing under the joint ownership of both the development team and the community.Frequently Asked Questions (FAQ)Below, you can find frequently asked questions and answers about Aerodrome Finance…What is Aerodrome Finance, and when was it released?: Aerodrome Finance is a decentralized exchange (DEX) and liquidity protocol running on the Base network. It offers users token swaps with low fees and fast confirmations. The project launched in August 2023 and was one of the first major DeFi platforms on the Base network.Who developed Aerodrome Finance?: The team behind Aerodrome is the founding team of Velodrome Finance on the Optimism network. Velodrome's core developers, Alex Cutler and Tao Watts, collaborated with the Base team to launch Aerodrome. Coinbase Ventures is also among the project's supporters, having invested in Coinbase's Base Ecosystem Fund.What does the AERO token do?: AERO is the native token of the Aerodrome platform and has a multitude of functions. It is primarily distributed as a reward to liquidity providers; users earn AERO by adding liquidity to Aerodrome pools. The AERO token is also used for governance – users who lock their AERO and AERO gain voting rights, thus having a say in the platform's incentive allocation and other decisions. AERO is both the fuel of the incentive mechanism and the key to Aerodrome's governance.How does Aerodrome Finance work?: Aerodrome is a DEX operating on an automated market maker (AMM) principle. It creates liquidity pools of two tokens through smart contracts, and users swap across these pools. Transaction fees are distributed directly back to the community that provides liquidity to the pool. Aerodrome's innovative approach is that it combines different AMM models (such as Uniswap V2, Curve, and Uniswap V3) and directs all fee revenues to users who lock up AERO. This enables both low-slippage and fast swap transactions, and users receive a share of the protocol's revenues. Is Aerodrome Finance suitable for investment?: Aerodrome Finance's AERO token has been quite volatile since 2023. Its rise to $2+ by the end of 2024, followed by a subsequent decline, was noteworthy. While the project is central to the Base network ecosystem, it's important to assess the risks before investing. Investment suitability depends on an individual's risk tolerance and confidence in the project. Aerodrome is seen as having long-term potential due to its strong community and innovative model, but it's important to remember that it also carries the general risks of the crypto market.Which network does Aerodrome Finance run on?: Aerodrome Finance runs on Base, Coinbase's Ethereum Layer-2 network. The Base network is a blockchain that uses Optimism technology, parallel to Ethereum but faster and lower-cost. Aerodrome operates completely decentralized thanks to its smart contracts on the Base network. Because it operates on the Base network, transaction fees are paid in ETH, and confirmations occur within seconds. In short, Aerodrome is a Base network-based DeFi platform that has built its entire operation on Base.Follow the JR Crypto Guide series for the latest information on Aerodrome Finance and DeFi projects on the Base network.
ADA Comment and Price Analysis - August 18, 2025 | JrKripto
ADA Technical AnalysisWith the upward breakout of the falling wedge on the ADA chart, the market structure continues positively. We see that it retraces after the breakout and then moves to the $1 region. We can say that the trend is positive after this point. This structure will be maintained as long as it remains above $0.68.In the short term, the levels to watch out for in case of pullbacks are as follows:$0.87 appears to be the first area where we believe the price could hold on to a pullback.$0.79 is a more suitable and clearer area for a reversal. Any pullbacks up to this level will not disrupt the positive structure.In the continuation of the upward movement, $1.10 and $1.35 will be targets. In particular, breaking the $1 psychological resistance could accelerate the rise. Falling Wedge Fracture These analyses do not constitute investment advice and focus on support and resistance levels that may present potential trading opportunities in the short and medium term, depending on market conditions. However, the responsibility for executing trades and managing risk lies entirely with the user. It is also strongly recommended to use stop-loss orders for any trades mentioned.
Ethereum Leads, Solana and XRP Follow: Fund Inflows Break Record
According to CoinShares' weekly crypto fund report, a total of $3.75 billion in inflows into crypto investment products occurred last week. This figure is notable as the fourth-highest weekly inflow on record for crypto funds. This brings total assets under management (AuM) to an all-time high of $244 billion.Record inflows for EthereumThe biggest gainer of the week was clearly Ethereum (ETH). With $2.87 billion in inflows in just one week, ETH alone accounted for 77% of the total weekly inflows. Ethereum's inflows since the beginning of the year reached an all-time high of $11 billion. This data demonstrates that Ethereum, which has proportionally surpassed Bitcoin, is becoming an increasingly attractive alternative for investors.Bitcoin Remains More ModestThe picture for Bitcoin (BTC) is quieter. Weekly inflows reached $552 million, bringing total inflows since the beginning of the year to $21 billion. While this figure appears strong, Bitcoin's ratio of assets under management (11.6%) lags behind Ethereum's.Solana and XRP emerged as standouts on the altcoin frontNotable developments also occurred on the altcoin front.Solana (SOL): Proving continued investor interest with $176.5 million in weekly inflows.XRP: Had a strong week with $125.9 million inflows.Sui (SUI): Recorded $11.3 million inflows.Conversely, Litecoin (LTC) and Toncoin (TON) outflows of $0.4 million and $1 million, respectively, were the projects that diverged negatively. iShares Leads Funding ProvidersAccording to the data in the image, iShares/USA held the largest share among funders. With $3.2 billion inflows last week alone, iShares accounted for almost all of the total inflows. Other providers stood out with relatively limited figures:Grayscale: $85 million inflowProShares: $66 million inflowARK 21 Shares: $184 million outflowFidelity: $74 million outflowRegional breakdown: US leads the packIn terms of geographic breakdown, the US market alone accounted for 99% of the total volume, with $3.73 billion inflow. Other regions saw smaller inflows:Canada: $33.7 millionHong Kong: $20.9 millionAustralia: $12.1 millionOn the other hand, Brazil (-$10.6 million) and Sweden (-$49.9 million) were the regions with negative outflows.Recent data shows that institutional investors' interest in crypto continues to grow, with Ethereum, in particular, taking the lead. While Bitcoin still maintains its market leadership, the strong performance of altcoins Solana and XRP is particularly noteworthy.
After Monero, It's Dogecoin's Turn: Qubic Votes for a 51% Attack
Following its recent attack on Monero, the AI-focused blockchain project Qubic has turned its attention to Dogecoin. In a vote within the Qubic community, Dogecoin (DOGE) was chosen by a large margin over Zcash and Kaspa. This development has fueled concerns in the already declining crypto market.According to market data, DOGE opened Monday trading at $0.22, down nearly 5 percent.Qubic's new target: DogecoinQubic founder Sergey Ivancheglo, known by his nickname "Come-from-Beyond," asked the community which ASIC-powered proof-of-work (PoW) network should be targeted. The options included Dogecoin, Zcash, and Kaspa. Hundreds of supporters voted for Dogecoin, and Ivancheglo declared, "The Qubic community chose Dogecoin." As previously reported, Qubic recently claimed to have reorganized six blocks, gaining 51% control of Monero's network. This has raised serious questions about Monero's security. Kraken exchange was even forced to temporarily halt Monero investments due to the risk.Qubic's justification is striking: Ivancheglo stated, "Too much electricity is being wasted on useless PoW, we need this electricity for artificial intelligence." In other words, Qubic aims to serve its own AI-focused vision by targeting PoW networks.Sharp Bitcoin PullbackThis threat to Dogecoin, combined with the generally negative market sentiment, further reduced risk appetite. Bitcoin (BTC) fell to $115,000 on Monday morning after reaching $124,000 last week.The decline was driven by the higher-than-expected US Producer Price Index (PPI) released on Friday. This data has weakened the likelihood of a 50 basis point interest rate cut by the US Federal Reserve (Fed) in September. Furthermore, the Fed's Jackson Hole meetings are expected to begin this week. However, analysts predict that gradual 25 basis point cuts will occur in September and October. A report published by Coinbase Institutional stated, "As the Fed looks at the broader economic landscape, interest rate cuts will be inevitable."Consequently, Qubic's move against Dogecoin has sparked a new debate about the security of PoW-based cryptocurrencies. A 51% attack seizes the majority of a network's mining power, enabling double spending and blockchain rewriting.Dogecoin's much larger ecosystem compared to Monero makes the attack's chances of success uncertain. However, targeting DOGE, the most popular meme coin in the crypto ecosystem, could undermine investor confidence. As a result, the sharp pullback in Bitcoin and threats to Dogecoin are causing investors to remain cautious.
