Aerodrome: Base Chain's Liquidity Hub
ve(3,3) DEX powering Base ecosystem · +130 XP · 9 min read · Updated March 2026
What is Aerodrome?
Aerodrome is a fork of Velodrome V2, deployed on Base (Coinbase's L2). It quickly became Base's #1 DEX by TVL and volume, serving as the primary liquidity layer for the exploding Base ecosystem. Aerodrome uses the same ve(3,3) tokenomic model — lock AERO for veAERO, vote on emissions, earn trading fees and bribes.
Ecosystem strength is the best leading indicator of L1/L2 value. We track developer activity, unique addresses, and TVL growth — not just token price.
As Base became the home of Coinbase's onchain activity (cbBTC, cbETH, USDC) and the memecoin supercycle (BRETT, DEGEN, TOSHI), Aerodrome's volumes surged — at peak exceeding $1B daily and generating millions in weekly fees for veAERO holders.
Aerodrome vs Velodrome
| Metric | Aerodrome (Base) | Velodrome (Optimism) |
|---|---|---|
| TVL | $760M | $320M |
| Daily Volume | $140M | $85M |
| Chain | Base | Optimism |
| Ecosystem Focus | Coinbase users, cbBTC | OP Stack native |
| Token | AERO | VELO |
Live Price Chart — $AERO
Provide liquidity or earn yield on Base
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