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 records 73% weekly volume growth, new pools, and high fee APRs.
contract
base
Experienced +73% weekly volume growth with +6.4% TVL growth, showing volume acceleration outpacing liquidity expansion.
Hosts a MEZO/MUSD liquidity pool that generated $1.76M in trading volume over 24 hours, providing 139% fee APR to liquidity providers.
Launched consolidated UP/CBBTC liquidity pool.
Reached $6.5M cumulative trading volume for deSPXA pair since its launch on the platform.
Faces increasing competition from Tessera, a prop AMM that is now competing for daily volume on Base.
Featured as the platform for a USDC/USDT liquidity pool managed by an AI LP Agent on MOZAI, with the pool currently showing 78% APY.
An AI agent locked tokens in an Aerodrome gauge permanently due to a configuration or execution error.
Received 3.1% of veAERO votes on the MEZO/MUSD pool in Week 2.
Blockworks research estimates the internalized MEV product could generate $100-$200MM per year in additional revenue.
Recorded $485.07M in 24-hour DEX volume, ranking as the third-largest decentralized exchange.
Generated $5.5M in fees over the 30-day period prior to April 9, 2026.
Generated $136.9M in holder revenue on a trailing twelve-month basis as of April 9, 2026.
Upgrades on Ethereum in July 2026.
Noted TWAP accumulation, with Smart Money holdings increasing 28.81% and whale balances 67.98% over 7 days.
A former Smart Trader (wallet 0xf20431) has been accumulating AERO via CoW Protocol for over 4 months with no sells recorded, adding to position 18 hours prior to April 9th, 2026.
Crossed $1M in daily volume for the deSPXA trading pair on April 7, 2026.
partnered with SBI Holdings Japan
Has a BASE admin key that can upgrade smart contracts and potentially allow rule changes including theft of user funds.
Integrated with MezoNetwork for MEZO/MUSD liquidity pool voting, offering 5,000 AERO emissions and 0.5% of total MEZO supply as veMEZO voter rewards. Voting ends 2026-04-09, with 3.1% of veAERO participating in Week 2.
Partnered with Mezo Network to become their primary DeFi liquidity hub on Base, enabling Bitcoin-backed loans, with Mezo deploying 2.25% of total MEZO supply as voter incentives over 4 weeks.
Listed on Bitstamp exchange for trading.
Listed deSPXA (Anemoy S&P 500 Index Fund token) from Centrifuge on Base with a deSPXA/USDC liquidity pool at 0.05% fee tier and 300% APR, using a stable AMM curve for tight pricing and low slippage.
Launches Predictive Allocation, a capital allocation mechanism combining prediction market elements, at EthCC[9] on March 30, 2026.
Launched Base Boost Rewards, covering 100% onchain costs and 100% USDC cashback for veAERO holders, running March 27 to April 25, 2026. Flight School sunsets April 8, 2026, transitioning to Momentum Fund April 9, 2026.
Ranked as the 4th most-traded token (excluding majors) on Wasabi Protocol during the week ending March 27, 2026.
Integrates with Rivalz_AI's new AI LP Agent product, which manages cbBTC/LBTC liquidity pools with auto-rebalance and auto-claim features.
Lists TAGAI token on 2026-04-07, following token sale closing April 6, 2026.
Launched TRX/USDC trading pair and liquidity pools on Base via LayerZero's cross-chain infrastructure.
Generated $38M revenue in the past 30 days and more than 65% of Base DEX volume in the week prior to 2026-04-14.
Hypersphere Ventures transferred $885K worth of AERO tokens to Gate exchange in the past 24 hours as part of a multi-asset liquidation totaling $4.75M across three chains.
Launched MUSD/USDC liquidity pool with gauge for veAERO holder voting to direct emissions, epoch ends 2026-03-18.
Offer Slipstream LP rewards across six pools ranging from approximately 109% APR (cbBTC-cbETH) to 461% APR (USDC-SOL), with WETH-HYPE at approximately 170% APR, WETH-AERO at approximately 221% APR, USDC-WETH at approximately 162% APR, and USDC-cbBTC at approximately 120% APR.
Listed as the core liquidity provider within the Base ecosystem alongside Morpho in a major crypto sectors classification.
Ranked #4 on a newly released leaderboard, attributed to adoption of builder codes that provide credit for impact on Base.
Received protocol-owned liquidity migration from Limitless ($LMTS).
Generated $6.58M in fees over 30 days ending March 25, 2026, ranking as top spot DEX by revenue.
Integrated as a liquidity source on Shuriken's Agentic Chain trading terminal and Telegram bot for Base token trading, alongside Uniswap V4, Slipstream, PancakeSwap, and Printr.
Protocol Growth Fund (PGF) bought back and max-locked over 180 million tokens to fund the upcoming Momentum Fund, reducing circulating supply.
Revenue flowing to token operators is approximately 5x net new AERO tokens entering circulation each week in early 2026.
Achieved $2.002 billion in 7-day trading volume, ranking as 4th largest DEX.
Ranked 7th among top DEXs by monthly token listings with 1,064 new tokens listed in the measured period.
Listed EDGE token for trading, contributing to over $2 billion in total traded volume across multiple exchanges since Day 1.
Integrated with Aerodrome for liquidity provision.
Hypersphere Capital withdrew more than 2.5M AERO tokens (approximately $837K) from Bybit exchange over a 30-day period ending March 3, 2026, making AERO their 5th largest onchain holding.
Merges with Velodrome Finance into Aero, launching as a unified Ethereum liquidity layer in July 2026. Includes VELO token swaps for AERO at 0.55 ratio effective April 1st, 2026, and a native sAERO marketplace for trading staked positions.
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, enabling routing, liquidity for Base tokens, and additional frxUSD pools.
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 from March 6 to April 5, 2026, equivalent to $968.53M annualized, as Base's main liquidity hub earning from swaps and AMM activity.
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.
Suffered exploit on new USDC vault, losing 50,000 USDC; deposits disabled. Launches Cantina security audit competition for Revert Lend re-launch with $50,000 prize pool from 2026-03-18 to 2026-03-25.
Integrated with Revert Lend on Base, enabling collateralization of Slipstream positions for USDC loans, leverage, rebalancing, staking, and autocompounding AERO rewards; also whitelisted a new Slipstream (V3) pool for AERO rewards and concentrated liquidity.
Launches mainnet July 2026, expanding to Ethereum network. Replaces veAERO with real-time streaming rewards and Predictive Allocation voting, distributing 100% protocol revenue to token operators via dynamic buybacks, yielding $119.83M annualized and six-figure daily revenue on Base, with no team or investor unlocks.
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.
Launches MetaDEX03 and Superswaps in Q2 2026, a crosschain liquidity aggregator, bridge, and swapper.
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.