Robinhood

Base

The <a href="https://x.com/aeroxyz" rel="noopener noreferrer nofollow">@aeroxyz</a> DeFi platform has generated a cumulative total of more than $608M worth of protocol fees. The milestone comes days after the merger of Aerodrome and Velodrome into a single exchange, with <a href="https://x.com/search?q=%24AERO&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$AERO</a> back in focus as the protocol expands to new chains and changes its token economics.
<h2 id="merger-and-multi-chain-launch">Merger and multi-chain launch</h2>
Aerodrome and Velodrome combined into Aero, a single onchain spot exchange. <cite>The merger took place on 21 October 2026</cite>, and <cite>the two platforms previously ran separately, Aerodrome on Base and Velodrome on OP Mainnet, with Dromos Labs developing both protocols</cite>.
<cite>Aero went live across seven networks: Ethereum mainnet, Base, OP Mainnet, Arbitrum, Arc, Ink and Robinhood Chain.</cite> According to the project, <cite>all seven launch chains get a full Aero deployment</cite>.
Scale was a stated driver. <cite>The project team said Aerodrome accounted for 58% of DEX trading volume on Base in the third quarter, while Velodrome held 60% on OP Mainnet.</cite>
<h2 id="what-changes-for-the-aero-token">What changes for the AERO token</h2>
The deal merges the two token systems. <cite>Under the official upgrade terms, 1 AERO becomes 1 AERO, and 1 VELO becomes 0.044 AERO.</cite><cite>Velodrome holders receive 5.5% of the new AERO supply, and Aerodrome holders receive 94.5%.</cite>
Emissions policy also changes. <cite>The realized annual inflation rate for AERO is expected to be about 12%, with the annual rate ceiling at launch set at 20%.</cite> That helps explain why the token is less deflationary than before. <cite>Aero replaces the weekly emissions votes of its predecessors with Predictive Allocation, under which holders stake AERO to direct rewards toward markets they expect to generate fees.</cite><cite>Gauge Caps limit emissions to 1.2 times expected revenue.</cite>
Revenue sharing has been reworked as well. <cite>Dromos said 100% of exchange revenue at launch goes to sAERO holders.</cite><cite>Vote-escrowed veAERO and veVELO positions convert to staked sAERO, which can be transferred and does not rebase.</cite>
The market reaction has been negative so far. <cite>AERO slumped 10.02% after the merger was finalized and the tokenomics overhaul was unveiled.</cite> Holders should check migration steps, since <cite>the process is not automatically completed for self-custody holders</cite>.
Sources:
<ul>
 <li><a href="https://aero.xyz/aero-upgrade/" rel="noopener noreferrer nofollow">Aero Upgrade and Launch Hub</a></li>
 <li><a href="https://coinpaprika.com/news/aerodrome-velodrome-merge-aero-seven-networks" rel="noopener noreferrer nofollow">Coinpaprika: Aerodrome and Velodrome merge into Aero across seven networks</a></li>
 <li><a href="https://dealroom.co/news/165194-aerodrome-and-velodrome-merge-into-aero-a-single-dex-across-seven-chains/" rel="noopener noreferrer nofollow">Dealroom: Aerodrome and Velodrome merge into Aero</a></li>
</ul>

Aero has now made $608 MILLION.

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Other articles published on Oct 26, 2026

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