Aero, the decentralized exchange formed by the merger of Aerodrome and Velodrome, is close to passing $500 billion in cumulative trading volume, eleven days after the two protocols combined.

DefiLlama data shows a cumulative DEX volume of about $499.6 billion for Aero, which includes the full trading history of both predecessor platforms. With roughly $480 million traded over the past 24 hours, according to the same dashboard, @aeroxyz $AERO is on track to cross the $500 billion mark within a day.

How the Aerodrome and Velodrome Merger Works

Aerodrome, the largest DEX on Base, and Velodrome, a leading exchange on OP Mainnet, merged on October 22, 2026 to launch Aero. According to a KuCoin News report citing Aero's official launch announcement, existing AERO holders receive a 1:1 migration, while VELO converts at a ratio of 1:0.044. Aerodrome holders receive 94.5% of the new token supply and Velodrome holders receive 5.5%.

Earlier locked positions known as veAERO and veVELO convert into sAERO under the new design. TechFlow reported that the project said Aerodrome accounted for 58% of DEX trading volume on Base in the third quarter, while Velodrome held 60% on OP Mainnet.

Dromos Labs CEO Alex Cutler said Aero will direct 100% of exchange revenue to stakers, according to Crypto Economy.

Recent Volume and Staker Payouts

Aero operates across seven networks, including Base, Ethereum and Arbitrum. DefiLlama's Aero page shows about $17.05 billion in DEX volume over the past 30 days, with Base accounting for the bulk of it at roughly $15.1 billion. The same page lists $10.37 billion...