Binance has added USDT perpetual contracts for the native tokens of automated market maker protocol, Aerodome Finance (AERO) and Layer 1 blockchain platform Kaia (KAIA) to its Future trading platform today, December 4, 2024.
According to the exchange’s announcement, the KAIAUSDT contract went live at 14:00 UTC on December 4, 2024, followed by the AEROUSDT contract at 14:15 UTC.
Both contracts offer leverage of up to 75x and support Binance Futures’ multi-assets mode, with financing rates ranging between +2.00% and -2.00%, calculated every four hours.
The announcement triggered a sharp price surge for both tokens. AERO increased by nearly 20%; it is currently trading at $1.81. KAIA also rose 19.38% to $0.363, according to CoinMarketCap.
Aerodrome Finance has established itself as a leading DeFi project on the Base Layer 2 chain; it has the largest total value locked (TVL) of $1.64 billion, according to DeFi Llama. This marks the highest TVL ever recorded for the project, reinforcing its position as a leader in the DeFi space. The protocol has a market capitalization of $1.2 billion and a fully diluted valuation of $2.55 billion, per CoinGecko.
Meanwhile, the Kaia blockchain results from a recent merger between Klaytn and Finschia Layer 1 blockchain to consolidate their position in the blockchain space.
In another development, Binance recently confirmed its participation in the upcoming Wise Monkey (MONKY) airdrop, collaborating with Floki, the Ape Accelerator, and other blockchain projects. Wallet snapshots have already been taken for ApeCoin (APE) holders on November 29, with Floki (FLOKI) holders set for a snapshot on December 15. According to the exchange, eligible holders will be rewarded in a fixed ratio of 0.35 MONKY per FLOKI and 804,828 MONKY per APE.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
