AerodromeFi Commands 60% of Base Network’s DEX Activity

AerodromeFi Dominates Base Network with 60% DEX Activity

AerodromeFi has emerged as the leading decentralized exchange (DEX) on the Base network, currently handling 60% of all DEX activity. The platform has surpassed Uniswap in market share, experiencing rapid growth in daily active users and trading volume. According to recent insights shared by David Alexander, AerodromeFi’s dominance is on the rise, with a weekly trading volume of $3 billion and a record 27,000 daily active users.

Daily Users Grow by 270%

David Alexander, former Managing Director of Binance Labs, recently reported that AerodromeFi’s daily active users have surged by 270% in the past month, reaching an all-time high of 27,000. This increase aligns with a substantial boost in trading volume, as AerodromeFi processed $3 billion weekly—nearly three times Uniswap’s $1.1 billion during the same period.

Notably, AerodromeFi now holds a 60% market share in DEX activity on the Base network, while Uniswap’s market share stands at 30%.

AerodromeFi Generates $20 Million in Fees

In addition to user growth, AerodromeFi has experienced a significant rise in total value locked (TVL). Over the past month, its TVL has increased by 95%, reaching $1.2 billion and accounting for 43% of the total TVL on the Base network.

Alexander noted that AerodromeFi generated over $20 million in fees in the past month, ranking it among the top 10 protocols globally. The platform sits just behind Jito ($21 million) and Aave ($24 million) in fee generation, highlighting its increased user engagement and higher transaction volumes.

$39 Million Worth of AERO Tokens Distributed

Token incentives have played a crucial role in AerodromeFi’s growth. Since September, over $39 million worth of AERO tokens have been distributed to users, which is expected to drive further trading activity and fees.

During Epoch 57, AerodromeFi reported $2.627 million in swap fees, which included:

• $1.8 million in Slipstream fees
• $827,000 in v2 fees

Moreover, veAERO voters receive 100% of the rewards generated by the DEX, including swap fees and other incentives. This makes veAERO an attractive governance token for investors looking to capitalize on the platform’s ongoing growth.