@aeroxyz says it has handled about $2B in tokenized stock trades since its Oct. 22 launch, ahead of Uniswap's $1.6B, citing Blockworks data. The decentralized exchange (DEX) puts its share at nearly a quarter of all onchain equity trading, roughly two and a half weeks after going live.

How Aero Came to Lead Tokenized Stock Volume

Aero was created by the merger of Aerodrome and Velodrome. The two protocols launched Aero as an onchain spot exchange across Ethereum mainnet, Base, Robinhood Chain, Ink, OP Mainnet, Arc and Arbitrum. Existing AERO and VELO tokens migrate to a new AERO token, while veAERO and veVELO convert to sAERO.

The exchange entered a market that has grown quickly. Tokenized stocks generated $2.7 billion in DEX trading volume over a seven-day period, and Aero captured 28.3% of that total, according to Crypto Briefing. TokenPost noted that the figure covers tokenized stocks rather than all assets traded on DEXs. Different data windows and providers produce different shares, so the exact ranking against Uniswap depends on the period measured.

Crypto Briefing also reported that weekly DEX volume for tokenized equities has reached $2.7 to $3 billion, with weekend trading at times pushing volumes into the billions, when the Nasdaq is closed.

Ethereum and Robinhood Chain Deployments Add Volume

Per DeFiLlama data, Aero's new deployments on Ethereum and Robinhood Chain have already done about $1.35B and $1.13B in volume since going live. Over the past 30 days, the DEX has traded about $19B across all chains, most of it on Base. DeFiLlama's Aero page currently shows $18.271b in DEX volume over the past 30 days.

Those figures measure trading through the exchange, not trading in the $AERO token itself. Aero's tokenomics also tie activity to holders: sAERO holders direct token rewards to liquidity pools across the network and earn a share of exchange revenue, the project said.

The multi-chain rollout is central to the exchange's pitch. The project said the seven networks together handle about $120 billion a month in DEX trading. TokenPost cautioned that the $120 billion figure reflects DEX trading across those networks, not reported trading volume for Aero itself.

Volume figures for new deployments can shift quickly, and incentive-driven activity can inflate early numbers. Readers should check live dashboards for current data.

Sources

The Block: Aerodrome and Velodrome merge to launch Aero across seven networks

Crypto Briefing: Aero leads tokenized stock DEX trading

DefiLlama: Aero protocol TVL, fees and volume