what's aerodrome?
Aerodrome Finance is a decentralized exchange (DEX) and automated market maker (AMM) protocol built on the Base network, Ethereum's layer-2 scaling solution developed by Coinbase. It serves as the central liquidity hub for the Base ecosystem, combining innovative features from protocols like Curve, Convex, and Uniswap to enable efficient token swaps, liquidity provision, and incentive mechanisms. The native AERO token powers governance through vote-escrowed veAERO, directing emissions to liquidity pools and distributing 100% of protocol fees as rewards to voters and liquidity providers. Aerodrome has achieved significant milestones, including over $250 billion in cumulative trading volume and leading revenue generation among DeFi protocols on Base. Recent developments include integrations like GammaSwap Labs for simplified passive liquidity and inclusion in Grayscale's DeFi Fund, highlighting its growing institutional adoption. The protocol supports exclusive token launches, such as $PHI on October 10th, fostering ecosystem growth.
Aerodrome partners Superform for user-owned finance on Base; also in Aragon governance dashboard.
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AERO token increased 13% on February 26, 2026, ranking among the day's top movers in the crypto market.
Available as a trading pair (USDC-AERO) on Extrafi with leveraged farming yielding 18.18% APY and $7,550,000 TVL.
Reached $14,000 in agentic trading volume on the platform as of February 23, 2026.
Expanded integration with OpenServ AI's autonomous agent infrastructure and machine-to-machine economy platform.
Supports nearly as much Euro stablecoin volume as every other DEX on every other chain combined, despite having only 0.3% of all EURC supply onchain.
Integrated frxUSD as a connector token on the platform, enabling frxUSD to serve as a routing and liquidity pair for Base tokens.
Hosted the top-performing token launch in Q4, which was the $CHECK token by Anichess.
Received liquidity deployment from The Trenches permissionless launch platform on Base.
Generated $79.39M in gross fees over the last 30 days, equivalent to $968.53M annualized.
Hosts a $UP liquidity incentive program distributing 5,000,000 $UP in rewards from February 11 to February 18, 2026 for the UP/cbBTC pool.
Partners with Arrakis Finance to provide liquidity infrastructure for Superform's $UP token on the platform.
Generated fees that increased by 46% during a market crash period where the token price declined by 24%.
Generated approximately $2M in weekly fees, placing it on par with Lighter in fee generation.
Listed as a top token traded by Smart Money across Base, Solana, and BNB Chain according to Nansen analysis.
Partnered with Superform for an upcoming collaboration focused on user-owned finance on Base.
Is included in a new Aragon dashboard that verifies technical rights of governance tokens, alongside Aave, Curve, Lido, and Uniswap.
Reached approximately 17,000 tradeable assets by the end of January 2026, representing a roughly 500% year-over-year increase.
Experienced an exploit on a newly deployed USDC vault on Aerodrome, resulting in approximately 50,000 USDC lost (primarily Revert funds), with deposits now disabled on that vault.
Integrated with Revert Lend on Base, enabling users to borrow against CL positions, leverage, and autocompound AERO rewards.
Distributes 100% of protocol revenue to token operators, with additional dynamic buybacks, and has no team or investor token unlocks. Generated $119.83 million in annualized revenue for tokenholders.
WETH-VVV liquidity pool reached $6.45M TVL with a current APY of 40.84% and 30-day average APY of 50.61% as of February 24, 2026.
Delivers $4,167 annual yield per $10,000 investment, trading at 2.8x protocol revenue.
Listed as the trading venue for $BETTER token on Base chain following its graduation from tradebetterapp's early access launch on 2026-01-21.
hosts SUMR token launch on 2026-01-21, with 3% of SUMR supply deposited in week 1 and 0.3% in week 2 for price discovery and liquidity provision.
Achieved all-time volume on Base that exceeds the combined volume of all other DEXs on Base.
Recorded a year-to-date performance of +37% as of January 8, 2026, included in a fundamentals-focused token basket.
Described as an example of how a good product can be used to scam retail with a token, grouped with similar criticism of AAVE and UNI.
Featured in Rekt Capital Newsletter altcoin market update alongside other projects for technical analysis.
Hosts a USDC incentive campaign for cbETH and cbXRP pools with total rewards of 915K USDC, running for 8 weeks starting in late December 2025.
Listed SYND token on the platform in 2025.
Powers the Tea Protocol token generation event (TGE) scheduled for February 5, 2026 on Base.
The TRUST/USDC pool has an APR exceeding 1000%.
is being used by Flock.io as part of CARiFIN, an AI-powered microinsurance platform for Latin America built with Deluthium and accelerated by UNDP
Decreased inflation to an annualized rate of 8.5% over the past 8 weeks, with circulating supply increasing from 903.9 million to 915.2 million tokens and revenues exceeding costs.
Arrakis Pro partnership launches with DGLD (physically-backed gold token) now live on Base, adding tokenized precious metals trading to the platform.
Platform processed $200B+ trading volume in 2025 with 3x YoY growth, generated $11.2M November fees, and holds $4.48B TVL leading all L2 protocols.
HumidiFi WET token sale sold out on the platform with Token Generation Event scheduled for December 16.
Velodrome merger finalized with Q4 revenue run-rate at eight-figure levels; programmatic buybacks executed (~0.56M + ~1.84M AERO tranches) and max-locked for 4 years; Slipstream V2 + Autopilot ALM upgrade deployed with concentrated liquidity and routing improvements. Eigen Arena launched with eigencloud AI trading agents using the platform for live trading competition.
Nasdaq livestream scheduled for December 16 at 3pm UTC.
Ranked #5 among top 10 crypto projects by revenue generation, with price declining 40% over the past 30 days.
Project releases Metadex03 update and announces cross-chain expansion strategy.
Expands to Ethereum mainnet.
Aerodrome achieved $100M in revenue in 469 days but remains unlisted on major exchanges despite this financial milestone.
Live testing session scheduled for RFLnow, an autonomous DeFi Super Agent integration currently in restricted access, with 5 whitelist spots allocated to Arena session viewers.
Momentum Fund receives new mandate at Q2 launch to buyback and burn token supply, working alongside REV and AER engines. veAERO accumulation encouraged ahead of Q2 deployment.
$BLA token from BlablaProtocol launches with Token Generation Event on December 11th at 2 PM UTC on the platform on Base network, curated by Fjord.
200,000 SYND tokens deposited as voting incentives for SYND/WETH basic pool this week.
Interface upgrade called AeroNavigator is currently in private beta testing with imminent public release.
Platform conducts AI trading experiment where language models were given capital to trade on spot markets, with all AI models underperforming buy-and-hold strategy after 24 hours of trading.
AERO token becomes available on an unspecified trading platform alongside ASTER, WCT, and TWT tokens.
Aerodrome claims to deliver optimal execution for SOL trades, at times better than on Solana itself and superior to Jupiter Exchange, triggering accusations of dishonesty and lying about facts from industry participants.
PGF buys back 801,000 AERO tokens for public goods purposes.
Integrates with Coinbase, supporting MOVE token trading.
Platform introduces ICO launchpad offering hybrid veAERO+ICO participation model for token launches.
Holder count reached 721,308 addresses across wallets holding AERO tokens as of December 5.
Whale accumulates $98K worth of AERO (149,593 tokens) during market dip, part of diversified $13.9M purchase across 10 assets moved to on-chain storage.
Aerodrome launches Base-Solana bridging functionality, enabling any Solana token to deploy and trade in seconds on the platform.
Bonus and lock discounts compress to historically low levels.
Launches AI Agent Trading arena with recallnet, powered by EigenAI, featuring a 5,000 USDC challenge until 2026-02-18 where OpenClaw agents use Clawlett wallets to trade Base tokens.
WETH/USDC pool receives $380k in weekly AERO incentives with $27M TVL, offering 350% APR for narrow range liquidity providers using 3% width on Base chain.
Public Goods Fund runs programmatic AERO buybacks, with over 150 million tokens accumulated and max-locked across PGF, Flight School and Relay. ConsumerFi token (CFI) becomes tradable on the platform following its TGE.
$AERO is now available to trade on Robinhood Crypto, including in New York.
A Base-Solana bridge launches on the platform, expanding cross-chain capabilities between the two ecosystems.
Arrakis Pro provides algorithmic liquidity management for $SAND markets on the platform as The Sandbox Game expands to Base.
Aero announced as the next evolution combining Aerodrome and Velodrome into a unified liquidity layer, according to DromosLabs CEO.
Coinbase representative publicly credits Aerodrome as technical infrastructure enabling Coinbase's DEX trading feature on Base. 225K SYND voting incentives deposited for SYND/WETH basic pool this week.
Launch scheduled for Q2 2026.
The protocol has 693,667 holders according to recent holder count data.
$CHECK token from Anichess Game launches on the platform and $SAND token integration announced for Base ecosystem expansion.
MetaDEX03 will expand to Layer 1 blockchains when it launches in Q2 2026.
The protocol reports $200 million in total voter earnings for the year across Velodrome and Aerodrome. MetaDEX03 economic engine upgrade launches in Q2 2026.
The protocol launches an upgraded revenue engine featuring MEV auctions and veNFT functionality on Base.
Domain hack results in $700,000 losses.
Integration with Syndicate Network planned for 2026, combining MetaDEX with programmable sequencing to enable cross-chain liquidity.
Project Fun uses Aerodrome for initial Base liquidity ahead of Coinbase listing, with Sigil fund as investor. A unified Reddit community launches for Velodrome and Aerodrome following their merger.
The token lock rate increases with more tokens removed from circulation than added each week.
SERV launch platform integrates with Aerodrome, automatically graduating tokens to Aerodrome on Base once they reach 10 ETH LP on their bonding curve.
Protocol generates $50M in revenue over past 10 weeks with $2.6M in real yield flowing to token holders in the last 7 days.
Protocol implements programmatic buybacks and max-locks, and completes merger with Velodrome.
MetaDEX cuts liquidity provider rewards by 25% ahead of the Ethereum Mainnet launch, maintaining ~75% market share versus Uniswap in competing markets.
Following the domain hijack, decentralized domains are confirmed secure and operational, with centralized domains launching on new infrastructure next week.
The protocol will deploy on Ethereum Mainnet using MetaDEX03, a new DEX operating system from DromosLabs designed to create a unified liquidity network across Ethereum.
Velodrome and Aerodrome domains are hijacked due to an internal breach at domain registrar NameSilo.
Protocol introduces Aero Ignition to address market failures from sniping by preventing centralized parties from setting market creation parameters that disadvantage less sophisticated participants.
Frontend is compromised and users are warned not to use the primary domain until further notice.
Aero launch now scheduled for Q2 2026, providing specific quarter timeframe for the Ethereum exchange deployment.
Protocol delivered $74M in net value to token operators in the past year, with projections reaching $177M with REV engine, $200M with AER engine added, and $300M with Momentum Fund buybacks. Bittensor subnets now accessible through the platform via Chainlink CCIP integration by GTA Ventures.
Co-founder unveils Aero, their first Ethereum exchange launching in 2026, targeting cross-chain swap dominance and direct competition with Uniswap.
Economic upgrades introduce REV and AER engines with back-tested estimates showing 40% increase in incoming value and 25% decrease in outgoing value for protocol optimization.
Launches on Ethereum and Arc networks. MetaDEX03 features REV Engine with programmatic buybacks and Momentum Fund with buyback and burn mechanisms.
USDAI and sUSDAI tokens launching on Aerodrome and three other Base protocols for day-one composability.
Co-founder Alex Cutler publicly criticizes Uniswap's protocol fee structure, stating it takes from liquidity providers and will challenge Uniswap's ability to compete.
SlipstreamV3 introduces upgraded dynamic fees, KYC-verified pools for institutional adoption, and order flow payments to optimize value distribution to stakeholders.
Aerodrome introduces Internal MEV auction feature, implementing Paradigm's solution to prevent bots from extracting value from LP and trader onchain activity.
Project Rubicon integrates Chainlink CCIP to bridge Bittensor subnet alpha tokens to Base, making them available as xAlpha liquid staked assets on Aerodrome.
IONIC platform on Base offers 40% APR on $AERO supply plus $ION rewards for $veION stakers.
December 17 cited as date for upcoming Coinbase announcement.
A merger announcement brings token dilution fears, coinciding with over 30% weekly price decrease according to CoinMarketCap data.
Arrakis Pro now manages $TOWER token liquidity on Aerodrome, with $TOWER being the governance and utility token from the Animoca Brands gaming ecosystem.
USDAI project seeds liquidity on Aerodrome following $750M-$1B cap raise and CB Ventures involvement, ahead of planned Coinbase ICO.