TheBlock
Aerodrome and Velodrome have merged to launch Aero, an onchain spot exchange spanning Ethereum mainnet, Base, Robinhood Chain, Ink, OP Mainnet, Arc and Arbitrum. The seven networks handle about $120 billion in monthly DEX trading, according to the project. Aerodrome held 58% of Base DEX volume in the third quarter, while Velodrome held 60% on OP Mainnet.
Why it matters
Aero combines the two exchanges’ operations under one platform and extends their model across seven networks. The project says 100% of Aero revenue will go back to people who stake AERO, connecting the platform’s expansion to token holders.
The launch also brings a token migration: existing AERO and VELO tokens will move to a new AERO token, while veAERO and veVELO convert to sAERO. Aero’s Predictive Allocation lets AERO stakers direct liquidity-reward budgets toward markets they expect to generate revenue.
Market impact
Aero is launching Metaswaps to connect trading across networks using existing onchain liquidity. Slipstream V3 adds dynamic fees that rise during fast-moving markets and MEV capture on supported Layer 2 networks.
The stated opportunity is significant in scale, but the launch’s market impact will depend on whether Aero can attract liquidity and trading across its seven networks. The merger puts the combined platform’s incentives, token migration and new trading features at the center of that test.
Frequently asked questions
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Which networks will Aero launch on?
Aero is launching on Ethereum mainnet, Base, Robinhood Chain, Ink, OP Mainnet, Arc and Arbitrum.
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How much DEX trading do the seven networks handle?
The project says the seven networks together handle about $120 billion in monthly DEX trading.
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What happens to AERO, VELO, veAERO and veVELO?
Existing AERO and VELO tokens will migrate to a new AERO token. veAERO and veVELO will convert to sAERO.
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How does Aero's Predictive Allocation work?
Participants stake AERO and direct liquidity-reward budgets toward markets they expect to generate revenue.
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What new trading features is Aero introducing?
Metaswaps is designed to connect trading across networks using existing liquidity. Slipstream V3 adds dynamic fees during fast-moving markets and MEV capture on supported Layer 2 networks.
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