Bitget Wallet announced a new integration with Base, the Ethereum Layer 2 network of Coinbase, together with Aerodrome, one of the most active decentralized exchanges of the base (DEXS).
The movement emphasizes the growing competition between portfolios to streamline access to Defi, even if market signals suggest underlying headwinds.
Bitget is spreading to Basic Defi
With the update, Bitget Wallet users can act directly within the app on Aerodrome. It eliminates the need to bridge funds or to switch between platforms.
Aerodrome has emerged as the primary liquidity hub for basi-native assets such as CBETH and CBBTC, Coinbase’s wrapped ethereum and Bitcoin respectively.
By entering the trade and liquidity functions of Aerodrome in his mobile wallet, Bitget gambles that simpler user flows speed up acceptance.
“Building on the basis goes beyond product integration. It reflects a shared belief in building an ecosystem on the chains to which everyone has access,” read a fragment in the announcement that Jamie Elkaleh, CMO of Bitget Wallet cited.
In the statement, shared with Beincrypto, Aerodrome assisted Alex Cutlerer that the decentralized Exchange (DEX) regularly delivers the best performance on the best assets of the base. Based on this, Cutler says that in-app access is a logical next step.
Aerodrome is the third largest protocol on the basic chain, behind Morpho and Aave, with a TVL (total value locked) of $ 656 million.
Basic protocol ranking list on TVL statistics. Source: Defillama
The rollout will also extend to the bitget wallet function, with which users can pay transaction costs without keeping ETH, a common friction point on Layer-2 (L2) networks.
A special basic ecosystem section on the “Discover” tab of the wallet will contain composite dapp’s, token feeds and trade options.
The integration of Bitget comes only one day after the company had launched getting agent, an AI assistant designed to help users navigate the platform.
The back-to-back rollouts mark the strategy of Bitget to combine AI-driven user support with deeper Defi integrations. These could help record the market share of the chain of rivals such as Metamask and Trust Wallet.
Bitget’s push in the base arrives in the midst of blurring Defi judgment
Yet the timing raises questions. Although Aerodrome is currently the third largest protocol on the base of TVL, his native token has difficulty keeping Momentum.
Aero rose only 2.04% to act for $ 1.36 at the time of writing, with analysts warning that weak trade volumes and falling futures open interest on his head.
Aerodrome (AERO) Price performance. Source: Beincrypto
Analysts also emphasize that reduced market conduction and speculative streams Aero remain vulnerable to withdrawal in the short term.
In the meantime, wider activity has been softened on the basic. According to Defillama, the TVL from $ 4.9 billion fell on 14 August to $ 4.75 billion this week, a decrease of more than 3%.
Base TVL. Source: Defillama
That delay suggests that liquidity stimuli in the ecosystem may not retain the same pace of growth that bore the basis earlier this year.
Likewise, the network recovers from a recent chain stuff, which stopped the production of block for 20 minutes and raised questions about decentralization in L2 -Blockchains.
The question is whether convenience characteristics and compound experiences will be sufficient to compensate for structural weaknesses in the current market cycle of Defi.
The liquidity on the basis remains considerable, but the decrease in TVar and bearish signals for AERO suggests that protocols are still dealing with volatility and the fading of speculative appetite.
For users, the integration of Bitget can lower the barriers to access to the BASE ecosystem. The wider background, however, points to a paradox, making it easier to build in Defi while the liquidity becomes thinner.
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