Aerodrome Finance Leads in Daily TVL, Ousting Uniswap

Aerodrome Finance, a decentralized exchange (DEX) on the Base blockchain has recently surpassed Uniswap in daily total value locked (TVL). Research from Messari highlights impressive growth metrics that are changing the game.

In September, Aerodrome’s daily TVL ranged from $500 million to $700 million. This performance is a significant leap compared to Uniswap, which saw its TVL fluctuate between $150 million and $200 million. 

Aerodrome's Impressive Growth Metrics

Aerodrome isn't only leading Uniswap in Total Value Locked but also in daily exchange volume. Since March, Aerodrome's 7-Day Moving Average (7DMA) has steadily climbed. 

By September, the DMA reached over $400 million. In contrast, Uniswap's 7DMA has been on a downward trend, falling below $200 million. This shift raises important questions about Uniswap's future.

Analysis conducted by crypto researcher Monk ties Aerodrome’s success to the Base blockchain. While some in the crypto community express skepticism about Base's limited popular projects, Aerodrome is thriving. 

The Future of Aerodrome Finance

Many Coinbase users are trading spot Wrapped Ethereum (WETH) due to Base’s low transaction fees. Aerodrome’s native token, $AERO, is paired with WETH, creating a liquid pool that encourages frequent swapping. 

This liquidity attracts traders and ensures smooth transactions. Liquidity providers (LPs) are benefiting, too, with some enjoying annual percentage returns (APRs) of 2.444% or higher.

Launched just over a year ago on August 28, 2023, Aerodrome is still in its early stages. The Base blockchain is relatively new, which may explain the lack of widely recognized decentralized applications (DApps) on it. 

Aerodrome Finance’s synergy with Base may drive further growth, attracting more users and liquidity. If this upward trend continues, Aerodrome might redefine success in decentralized exchanges.