Aerodrome and Velodrome Pool Their DEX Strength for $120 Billion Market

Aerodrome on Base and Velodrome on Optimism are joining forces. In Q3 2026 the two platforms captured 58 % and 60 % of trading volume on their respective chains and have already paid out $578 million to token holders.

The merger comes without VC backing or a token sale. Existing AERO and VELO tokens will convert into a single AERO structure, while locked governance positions become sAERO. A new Predictive Allocation feature will let stakers route liquidity rewards toward markets they expect to generate the highest fees.

Cross-chain Metaswaps and Slipstream V3 with dynamic fees and MEV protection are also being added. Aerodrome’s share of tokenized-stock trading on Ethereum and L2 networks jumped from roughly 2 % in early September to 57 % by October 10.

Dromos Labs CEO Alex Cutler said all exchange revenue will flow directly to stakers. The model’s long-term success will hinge on whether it can keep liquidity deep and trading competitive across major on-chain markets.

Based on information from cryptonews.net