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Decentralized exchange

Aerodrome

Live data · updated every hour

Aerodrome is the leading exchange on Base.

TVL rank#25CategoryDEXChains2SinceAug 2023
All DeFi protocols
Total value locked$401M−0.5% in 24h · +1.8% in 7d
Fees · 24h$308K$19.11M over 30 days
Revenue · 24h$200K$184M annualized
Revenue share79%Share of fees kept over 30 days
AERO price$0.8397−1.7% in 24h
Market cap$835MFully diluted $1.66B
Mcap / TVL2.08Token value per $1 locked
Chains299.3% on Base

Aerodrome TVL

Assets deposited in Aerodrome across 2 chains, in US dollars.

Value locked$401M0.41% of all DeFi
Change · 1Y−$233M−36.8% over the period
Period high$671MOct 7, 2025
Period low$248MAug 19, 2026
Total value locked Touch the chart for valuesHover the chart for values

Supported chains

Deployed on 2 chains. Base holds 99.3% of deposits.

Fees & revenue

Monthly fees paid by users and the share Aerodrome keeps as revenue. The current month is to date.

Fees · 30d$19.11M$2.69M in the past 7 days
Revenue · 30d$15.13M$1.79M in the past 7 days
Annualized revenue$184MPast 30 days, annualized
Price to sales4.5×Market cap ÷ annualized revenue
FeesRevenue Last 12 months

About Aerodrome

What it does, how it earns and what the AERO token is for.

Aerodrome Finance is an automated market maker on the Base network, a decentralized exchange where users trade tokens against pools of liquidity. It runs a liquidity incentive engine that rewards the liquidity providers who supply those pools.

AERO is the exchange token on Base. Holders lock AERO into vote-lock positions, held as NFTs, to gain veAERO voting power that governs the protocol and steers token emissions to the pools they choose. Voters collect the trading fees and incentives from those pools.

CategoryDEX
LaunchedAug 2023
Chains2
TVL rank#25 of 32
AERO token$0.8397−1.7%
Market cap$835M
Fully diluted value$1.66B
Circulating supply1000M AERO
Max supplyNo fixed cap
Mcap / TVL2.08

Aerodrome FAQ

Short answers to what people ask most.

Aerodrome takes deposits on 2 chains, with the most on Base, as of 2026.

Liquidity providers keep the pool fees, and in 2026 the protocol kept part of the trading fees as revenue.

Aerodrome takes its features from Velodrome V2, an earlier automated market maker.

Aerodrome news

Coverage of the protocol, its category and its chain.

All news

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