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Having latched on to the growing popularity of Base, NEIRO looks set to onboard millions of new users.
Key Notes
NEIRO has applied for a whitelist on Aerodrome, Base's largest decentralized exchange.The Ethereum version of NEIRO will remain unchanged; CEXes will only support the Ethereum token.Efforts are in top gear for the Ethereum-based meme coin NEIRO NEIRO $0.0020 24h volatility: 0.2% Market cap: $854.49 M Vol. 24h: $584.63 M to launch on Coinbase’s layer 2 network, Base. This is according to a Wednesday post from NEIRO’s official X account, which suggests that the project is merely rounding up the process for the coin to be available for trading on the popular blockchain network. The announcement read in part:
“Pending technical audits, we are happy to let you know that $Neiro will soon become available to hold and trade on @base!”
NEIRO Taps L2 Solution of Base Network
Notably, NEIRO’s latest move is part of its broader strategy to tap into the growing potential of layer 2 solutions. More so with Base, which is fast proving itself as the dominant Ethereum layer 2 chain, with the potential to onboard millions of new onchain users.
Detailing its comprehensive plans for seamless trading and improved liquidity on Base, NEIRO also says it has applied to get whitelisted on Aerodrome. That is, the largest decentralized exchange (DEX) on Base.
The move is understandable, given that Aerodrome holds over $1.3 billion in assets and sees hundreds of millions in daily trading volume. By and large, the DEX is expected to play a massive role in boosting NEIRO’s liquidity.
Furthermore, NEIRO also says that it would leverage the Supermigrate bridge for bridge safety. According to the team, they arrived at the decision after proper consultation with experts, who claim that Supermigrate will ensure that the transfer of NEIRO tokens between Ethereum and Base would be as easy and as secure as possible.
Finally, the NEIRO team confirmed that the Ethereum version of the token will remain unchanged. However, they also noted that centralized exchanges (CEXes) will only support the token on Ethereum. That is unless otherwise stated. This means that users may only deposit to CEXes from Ethereum.
Next Steps
Having latched on to the growing popularity of Base, NEIRO looks set to onboard millions of new users. This offers the project the perfect opportunity for expansion among other things.
In the meantime, however, NEIRO will be looking to fine-tune its processes in hopes that this transition is as smooth as can be for users. More futuristically, the firm will be focused on ensuring the token’s long-term stability on both the Ethereum and Base networks.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He's a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from crypto however, Mayowa's fancied distractions include soccer or discussing world politics.
