Aerodrome and Velodrome to merge into Aero, tokens jump on announcement

Aerodrome on Base and Velodrome on OP Mainnet are combining into a single cross-chain DEX called Aero. The launch is set for October 21, initially covering Base, Ethereum mainnet, OP Mainnet, Arc and Ink, with Robinhood Chain and Arbitrum to follow.

Existing AERO and VELO tokens will merge into one $AERO. Revenue sharing will split 94.5 % to AERO holders and 5.5 % to former VELO holders, while communities and trading interfaces move over to the new platform.

Prices reacted quickly: VELO rose 22.1 % in 24 hours to around $0.038. The deal aims to pool liquidity and users from both ecosystems into one stronger entity.

Based on information from https://cryptonews.net