alexander
@wagmialexander
Aerodrome doesn’t just continue to lead the DEX space in revenues, but over the past week delivered roughly what the $UNI fee switch would’ve if you assume zero LP attrition after the reward cut.
And Aerodrome is just on one chain (for now).
$AERODROME DOESN’T JUST CONTINUE
$47
2
1
7
It is such a tell that all these “DAOs” are trying to push through massive governance votes over the holidays.
$IT IS SUCH A TELL THAT ALL THESE
6h vol
$47
1
1
4
Every day, we get another reminder of how far ahead MetaDEXs are on alignment issues.
100% of REVs go permissionlessly weekly to token operators via immutable contracts.
Every entity that contributes earns the same way and has the same incentives.
1
5
We met in Dec 2019, just before the world shutdown — for months, we were all we had.
A few years later, she didn’t even blink when I quit my job to mess around with “internet coins”.
She was my partner through the worst and best days — and now, for the rest of our days. 🥂
$WEMETINDEC2019,JUSTBEFORETHEWORL
6h vol
$51
8.89%
9
Don’t look now, but $SOL is now the #3 highest volume asset on @aerodrome and @base.base.eth
And we’re just getting started. 🛫
$DON’TLOOKNOW,BUT$SOLISNOWTHE#3HI
6h vol
$47
1
7
Let’s separate signal from noise: global EVM DEX fees are down, but Aero’s share is as healthy as ever.
The aggressive incentives of competitors haven’t put so much as a dent in Aero’s @base.base.eth dominance.
And only Aero is uniquely positioned to grow by entering their markets.
$LET’SSEPARATESIGNALFROMNOISE:GLO
6h vol
$47
1
DEX fees are down globally, but @base.base.eth share of them and @aerodrome share Base are steady.
This is especially impressive given both Uni and Cake have been aggressive in incentivizing.
The pie may grow or shrink, but only Aero has a whole lot more to eat as it expands. 🛫
1
The liquidity layer creates more value ($5.5b in fees) than even the chain layer (~$3B in fees).
This is not well understood bc exchange tokens have not captured or managed this value.
Aero shows what is possible when they do on a single chain -- soon for all of Ethereum.
5
When Aero launches in Q2, the Momentum Fund will have a new mandate: buyback and burn supply.
Combined with the REV & AER engines, this is projected to nearly 4x net value to the token.
In the meantime, every extra bit of veAERO accumulated means more firepower in Q2.
4
It’s that easy.
2
7
👀
Been diving deep into @aerodrome's growth throughout 2025 and they've done incredibly well.
Going to share a deeper write up tomorrow doing analysis of their 2026 plans, the metadex and everything included.
If there's any data or angles I should consider, feel free to share it in the comments below.
2
Crazy how compressed the bonus and lock discounts are getting on $AERO right now — historically low.
2