Why is Aerodrome Finance price falling today? AERO drops 6%

Aerodrome Finance has fallen nearly 6% below $0.80 on October 22, extending its retreat from recent highs following the launch of Aero, a unified exchange combining Aerodrome and Velodrome across seven blockchain networks. Aerodrome Finance fell 6% to approximately $0.796 on October 22 following the Aero exchange launch. Aerodrome and Velodrome have combined operations under Aero, covering seven blockchain networks through one trading platform. The migration introduces a unified AERO token, new staking arrangements and revised liquidity incentive mechanisms for holders. AERO futures open interest declined 7.88% to $138.33 million, suggesting traders reduced outstanding derivatives exposure.

Source: crypto.news