Aerodrome TVL Reaches $130 Million, Up 6,000% in One Day

Aerodrome TVL Reaches $130 Million, Up 6,000% in One Day
Source: Aerodrome

The DEX Aerodrome, deployed by Velodrome as a fork on Base on 29 August, now has a total lockup (TVL) of $130 million, making it the project with the highest TVL on the Base chain.

Aerodrome plans to incentivize users through an airdrop of its native Aero token. The drop will be for existing users that have locked (or vote-escrowed) Velodrome (VELO) tokens in exchange for veVELO, the project's governance token.

At the time of Aerodrome’s launch, 40% of the initial Aero token supply will be distributed to veVELO holders as veAERO.

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