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NEXT Price: $0.00

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Network & Addresses

Network
Address

Ethereum

0x377d552914E7A104bC22B4F3B6268dDC69615Be7

BNB Smart Chain

0xb8F669e7cb0D52990670C9aF7084cEE0FcBe81fe

Price history

Time
Price
Change
Today
$0.00
NaN%
1 Day
$0.00
0.00%
1 Week
$0.00
0.00%
1 Month
$0.00
0.00%
1 Year
$0.00
0.00%

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�I am floored. On the @coinbase earnings call, @brian_armstrong made the first public allusion to why they've taken a stake in DEXs like @AerodromeFi.On Coinbase becoming the everything exchange:“Some of these trades will be happening on centralized exchanges, some of them will be happening on decentralized exchanges, and the customer actually doesn’t really need to know (or care) which one its happening on underneath they just want their order routed to the best place. So we have investments in some decentralized exchanges.”On how Coinbase will monetize this activity:"The first way we monetize is just like on a centralized exchange, the brokerage layer has a trading fee and I expect those to be similar if not even a little higher in monetization. And then the order, rather than being routed to a centralized exchange is routed to a decentralized exchange. In some cases, we have investments in those decentralized exchanges. As the name would suggest, they are not owned by any one company -- we would not want to own the entire thing, it wouldn't be decentralized in that case... we have investments in these decentralized exchanges and if the decentralized exchange is running on Base we may earn a sequencer fee as well."In other words, by integrating DEXs @coinbase has the ability to massively increase the number of tokens it is able to distribute to its customers while also INCREASING their margin on each trade via their brokerage fee, the fees @base sequencer collects, AND the trading fees they capture via their stake in the tokens of decentralized exchanges like @AerodromeFi. The CEO of a Fortune 500 is saying they don't just want to distribute DeFi, but have a meaningful stake in the value created by the protocols they distribute.A playbook they wrote with Circle + $USDC they intend to apply to the onchain economy they distribute. Incredible stuff. Truly Day 1 for DeFi. 🛫

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