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Aero Launches on Seven Chains as Aerodrome and Velodrome Merge

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Aero Launches on Seven Chains as Aerodrome and Velodrome Merge

The combined entity is built on MetaDEX03, a new exchange operating system developed by Dromos Labs, Aero’s core contributor. No venture capital backing or token sale accompanies the launch. Existing AERO and VELO holders upgrade to the new AERO token, with veAERO and veVELO positions converting to sAERO. The token split reflects each predecessor’s revenue share over the 52 weeks prior to the merger announcement: 94.5% to the Aerodrome community and 5.5% to Velodrome.

The constituent protocols had individually established strong market positions before the merger. In Q3 2026, Aerodrome handled 58% of DEX volume on Base and Velodrome 60% on OP Mainnet, according to Blockworks data. Aerodrome also led all DEXs in bitcoin-dollar spot volume over the same period, with a 29% share, and accumulated $2.80 billion in onchain FX spot volume in the first half of 2026, ahead of all other DEXs combined. Its share of tokenised-stock trading on Ethereum and its layer-2 networks climbed from under 3% in early September to 57% on 10 October, a period in which Coinbase’s tokenised-equity product provided a distribution tailwind.

Together, the two protocols have distributed $578 million in lifetime exchange revenue to tokenholders, a figure the company says ranks first among all DEXs by that metric on DefiLlama’s holder-revenue rankings.

The seven launch chains handled approximately $121 billion in DEX volume in the 30 days to 14 October 2026, against $32 billion on Base and OP Mainnet alone, according to DefiLlama. Aero positions the merger as access to roughly four times its predecessors’ addressable volume.


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