Aerodrome and Velodrome to merge under Aero brand to take on NYSE and Nasdaq
- —Aerodrome and Velodrome will merge under the Aero brand, with launch set for October 21
- —Roadmap targets Ethereum, Arbitrum and Robinhood Chain, a market roughly four times larger
- —The protocols earned $7.85 million in revenue over the past 30 days
- —Nearly $106 million in token incentives was spent on liquidity over the past year
Why it matters: The merger creates the largest spot DEX across Base and OP Mainnet, but falling TVL and trader skepticism cast doubt on the ambition to rival traditional exchanges.
Source: DiarioBitcoin