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Altcoins & DeFi

Aerodrome and Velodrome Merge Into Aero, Sending All Exchange Revenue to AERO Stakers

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Aero , the decentralized exchange formed by combining Aerodrome and Velodrome , went live on Wednesday across seven networks, developer Dromos Labs said in a press release. All of the revenue the exchange earns at launch is paid to holders of staked AERO, known as sAERO . The launch carries the model the two exchanges ran on Base and OP Mainnet over to Ethereum Mainnet, Arbitrum, Robinhood Chain, Ink and Arc. Aero said the seven networks together saw about $120 billion in DEX volume in the 30 days to Oct. 14, close to four times the figure for Base and OP Mainnet on their own. “Every market is coming onchain, and any institution that can be distilled into code will be.

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