As a seasoned analyst with years of experience in the cryptocurrency market, I find the recent development surrounding Binance listing USDT perpetual contracts for Aerodrome (AERO) and Kaia (KAIA) particularly intriguing. The immediate price surge following the announcement is a testament to the market’s anticipation and excitement for these projects.
As a researcher, I’m excited to share that starting from December 4th, Binance will be listing USDT perpetual contracts for both Aerodrome (AERO) and KAIA. This news has caused quite a stir, leading to a near 20% surge in the price of AERO.
Binance Futures has announced that it will introduce two new perpetual contracts – KAIA-USDT and AERO-USDT – starting December 4th. The KAIA-USDT contract will be live on the platform at 2 PM UTC, while the AERO-USDT contract will follow suit at 2:15 PM UTC.
At the start, the financing rate for both KAIAUSDT and AEROUSDT perpetual contracts will be set at a 2% premium (for KAIAUSDT) and a 2% discount (for AEROUSDT). This funding fee is calculated and adjusted every four hours.
After the launch, Binance Futures will provide both types of contracts, offering up to 75 times of leverage and supporting multiple assets, for trading.
Following Binance’s announcement about the debut of the AEROSUSD perpetual contract, AERO experienced a significant jump of around 20%. Currently, as per CoinGecko data, AERO is being traded at approximately $1.94. The token boasts a market capitalization of $1.2 billion and a fully diluted valuation of $2.55 billion.
Over the last day, the trading volume for this token reached an impressive $159 million. Currently, there are around 702 million AERO tokens in circulation.
As a researcher exploring the world of decentralized finance (DeFi), I’m currently delving into Aerodrome, the DeFi project with the most significant Total Value Locked (TVL) on the BASE chain. At the moment, AERO, their native token, hasn’t been officially listed for spot trading on Binance. However, according to data from DeFi Llama, Aerodrome contributes a staggering $1.64 billion to the TVL on the BASE chain, a record-breaking figure for any DeFi project on this blockchain.
At the same time, the price of KAIA increased almost 10%. Currently, it’s being traded at $0.36. With a market cap and fully diluted valuation both standing at $2.1 billion, KAIA is the native token for Kaia, an EVM Layer 1 public blockchain. This blockchain delivers web3 services to hundreds of millions in Asia through their preferred messaging apps.
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2024-12-04 17:16