Coinbase Integration Sparks ATOM Rally as Institutional Demand Surges

ATOM experienced a notable 4% surge to $4.55, driven by heavy institutional buying linked to Coinbase's integration of dYdX on the Cosmos network. Trading volume spiked to 2.19 million units, significantly above average, reflecting growing institutional interest in interoperable blockchain infrastructure. However, the gains were short-lived as a sharp reversal in the final hour saw ATOM drop from $4.60 to $4.56, highlighting the volatile nature of the cryptocurrency market. This movement underscores the increasing capital rotation from Bitcoin into large-cap altcoins, with Cosmos (ATOM) emerging as a key beneficiary of institutional demand.

ATOM Surges 4% on Institutional Demand Before Late-Hour Pullback

ATOM rallied 4% to $4.55 amid heavy institutional buying tied to Coinbase's integration of dYdX on the Cosmos network, with volume spiking to 2.19 million units—well above average. The move reflected growing institutional interest in interoperable blockchain infrastructure as capital rotated from Bitcoin into large-cap altcoins.

Gains proved fleeting. A sharp reversal in the final hour saw ATOM whipsaw from $4.60 to $4.56, with concentrated selling triggering below $4.58 support. By session close, liquidity evaporated, cementing $4.58-$4.60 as new resistance. Traders now watch $4.55 as critical support.

Aerodrome Finance (AERO) Surges 30% Following Coinbase DEX Integration

Aerodrome Finance (AERO) led gains among Base-native tokens, rallying 30% to $1 after Coinbase Global Inc. (NASDAQ: COIN) integrated decentralized exchange (DEX) trading for Base ecosystem assets. The MOVE enables direct trading of Base tokens within the Coinbase app, bypassing traditional listing requirements.

Coinbase's DEX integration has catalyzed a 3.7% surge in Base ecosystem's market capitalization to $84.7 billion. Alongside AERO, BRETT (BRETT) emerged as a top performer, signaling heightened liquidity and accessibility for Base-native projects.

The strategic pivot mirrors growing institutional recognition of decentralized finance infrastructure. Coinbase plans to expand DEX support to additional networks, with solana (SOL) next in line—a development poised to further bridge centralized and decentralized liquidity pools.

Coinbase Expands Horizons with New Decentralized Exchange Platform

Coinbase has launched a decentralized exchange (DEX) service, initially supporting tokens on its Base network. The move signals the platform's ambition to diversify its offerings and capture a broader share of the DeFi market. Base, an ethereum layer-2 solution developed by Coinbase, enables fast, low-cost transactions—a strategic advantage as the firm seeks to integrate its user base with the network.

Plans are already underway to expand support to other blockchains, including Solana. This WOULD grant users access to a wider array of tokens across multiple ecosystems. The rollout aligns with Coinbase's broader strategy to position itself as a gateway to decentralized finance, capitalizing on growing institutional and retail interest in alternative trading venues.