Aerodrome Ranks #5 in Protocol Revenue, Trails Only Ethereum and Solana

🏆 Top 5 revenue protocol

By Aerodrome
Mar 5, 2026, 2:57 PM
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Aerodrome's Revenue Performance

Aerodrome has secured the #5 position in revenue generation across all onchain protocols over the past year, ranking behind only Ethereum and Solana.​ The MetaDEX continues to demonstrate strong performance metrics:

  • Distributed $450M in revenue to voters
  • Achieved 82% more volume than the next best DEX on Base
  • Processed over $1.​22B in 24-hour volume
  • Captured $7.​5B in FX volume across 16 stablecoins

Recent Developments

  • Launched institutional-grade Autopilot automation
  • Integrated with Coinbase for immediate trading access
  • Demonstrated 10x capital efficiency on $BNKR pools compared to competitors
  • Saw $13B in AI pool volume, representing a 300%+ increase from 2024

Expansion Plans

The protocol announced plans to expand to Ethereum mainnet, where over half of all $EURC supply exists.​ Despite holding only 0.​3% of total $EURC supply, Aerodrome already supports nearly as much Euro stable volume as all other DEXs combined.​

The Protocol Growth Fund has acquired and locked 856K $AERO through programmatic buybacks, with over 160M $AERO locked to date.​

Sources

Despite only having .3% of all $EURC supply onchain, Aerodrome supports nearly as much Euro stable volume as every other DEX on every other chain, combined. And next quarter Aero expands to @ethereum, where more than half of all $EURC supply lives.

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@AerodromeFi

"Aerodrome and @base are literally delivering a product that is up to 300x better than the biggest institutions, or the hottest fintech startups. This to me is a revolution. And it is one that we are still in the early days of."

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Read more about Aerodrome

Aerodrome Hits 180M AERO Buybacks as Tron Arrives on Base

**Major Milestones** - Aerodrome's Public Goods Fund reached **180M AERO** in total buybacks and locks across all initiatives - **Tron network** integrated with Base, expanding cross-chain capabilities - Nearly **50% of AERO supply** now locked with average duration of 3.7 years **Liquidity & Governance** The protocol maintains strong holder commitment with 94% of locks set to auto-max and over 15,000 veAERO holders. To date, $457M+ has been distributed to voters. **Market Performance** Slipstream LP rewards continue showing competitive yields, with select pairs offering triple-digit APRs. The platform has become the dominant venue for cbAssets and FX trading on Base. Alex Cutler discussed the protocol's development on the Cointelegraph podcast, while the upcoming Momentum Fund prepares to launch.

Aerodrome Finance Plans Unified Ethereum Liquidity Hub

Aerodrome Finance Plans Unified Ethereum Liquidity Hub

Aerodrome Finance, currently Base's central liquidity hub, is expanding to route all liquidity across Ethereum through a single platform. **Key Development:** - The protocol aims to consolidate fragmented liquidity across Ethereum's ecosystem - Builds on Aerodrome's existing infrastructure as Base's primary AMM - Follows their January announcement about putting "all liquidity to work" **Technical Foundation:** - Uses a liquidity incentive engine combined with vote-lock governance - NFT holders vote on token emission distribution - Inherits features from Velodrome V2 The move addresses Ethereum's liquidity fragmentation problem by creating a unified routing system. Timeline indicated as "Soon" without specific launch date.

Aerodrome Finance Releases Q4 Performance Report with Revenue and Volume Metrics

Token Terminal has published Aerodrome Finance's Q4 report, detailing the protocol's performance across several key areas. **Key metrics covered:** - Revenue generation - Trading fees collected - Total trading volume - Additional operational metrics The report provides a comprehensive look at Aerodrome's performance as Base's central liquidity hub. This follows the protocol's recent milestone of reaching $60 billion in cumulative trading volume in November 2024. Aerodrome operates as an automated market maker (AMM) that uses a vote-lock governance model, allowing NFT holders to direct token emissions while earning protocol fees and incentives. [View the full Q4 report](https://tokenterminal.com)

OVPP Migrates Protocol-Owned Liquidity to Aerodrome on Base

OVPP Migrates Protocol-Owned Liquidity to Aerodrome on Base

**OpenVPP ($OVPP) has moved its protocol-owned liquidity to Aerodrome**, joining other protocols like LMTS and FLOCK in this migration. **Key benefits of the move:** - Protocols can earn fees on their liquidity - Ability to stake liquidity for maximum earnings - Access to top trading pools by volume on Base network The migration follows a pattern of protocols choosing Aerodrome as their liquidity hub on Base. Users can now swap and provide liquidity for $OVPP on the platform.

MUSD Stablecoin Launches on Base via Aerodrome Finance

MUSD Stablecoin Launches on Base via Aerodrome Finance

**MUSD**, the stablecoin from Mezo Network, has launched on Base through [Aerodrome Finance](https://aerodrome.finance). **Key Details:** - The MUSD-USDC liquidity pool is now live on Aerodrome - Pool is eligible to receive $AERO token emissions - Incentives are active for liquidity providers - veAERO voters currently earning approximately 800% APY - Voting period ends Wednesday at 23:59 UTC The integration positions MUSD within Base's central liquidity hub, allowing users to deposit and provide liquidity while earning emissions through Aerodrome's incentive mechanism.

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