Post by linnorm about Aerodrome ($AERO), Synthetix V3 ($SNX), and Uniswap ($UNI)
$SNX has seen its price dip over the last week and day, -6.0% and -7.0% respectively, despite a 7.2% gain over the past month. A recent governance proposal, SCCP-2092, aims to enable Perps V3 on Arbitrum, potentially drawing new liquidity and expanding the protocol's reach. The nearly $138M market cap suggests a strong base, but watch closely where this new liquidity flows.
$UNI is down 6.6% in the last day and 9.8% over the week, a notable retraction from its impressive 150.5% three-month surge. While the Uniswap Foundation recently discussed fee switch implementation, progress seems slow. The token needs new, significant liquidity inflows to support its recent gains, or it risks further consolidation as profit-takers exit.
$AERO has seen a minor pullback of 1.0% in the last day, but its one-month performance is a strong 29.2% gain, indicating sustained interest. Aerodrome Finance recently activated a fee switch, directing protocol fees to veAERO holders, which should incentivize long-term staking and deepen liquidity on Base. This move generates real yield for holders.