Aerodrome Dominates Base DEX Activity @AerodromeFi has quietly cemented a position that few single-chain protocols can claim: category leader in decentralized exchange volume, ahead of multi-
@AerodromeFi has quietly cemented a position that few single-chain protocols can claim: category leader in decentralized exchange volume, ahead of multi-chain heavyweights. According to DefiLlama data, Aerodrome recorded over $17 billion in DEX volume on @Base in the past 30 days, surpassing both @Uniswap and @PancakeSwap on the network. That performance has earned it the informal title of the "Uniswap of Base," reflecting its role as the primary trading and liquidity venue on the @Coinbase-incubated Layer 2.
What makes the figure notable is context. Aerodrome has cemented itself as the leading DEX on one of the fastest-growing Layer 2 networks, capturing close to 50% of total DEX volume on Base, with all-time trading volume approaching $250 billion. Despite being deployed exclusively on Base, the protocol punches well above its weight on a cross-chain basis. Aerodrome emerged as the third-largest DEX globally, with a 7.4% market share and $22.9 billion in trading volume as of August 2025.
Aerodrome holds over $1.3 billion in total value locked as of January 2026, representing approximately 70% of all DEX liquidity on the Base network. That concentration of liquidity underpins its volume lead. Aerodrome uses a ve(3,3) model where $AERO holders vote on where liquidity incentives go, with 50 to 63% of every trade on Base flowing through the protocol.
Dromos Labs, the core developer behind Aerodrome on Base and Velodrome on Optimism, has announced a major overhaul of its DEX infrastructure with the launch of Aero, a unified trading system that will replace and merge its existing platforms across both networks and expand to other Ethereum chains.The merger aims to consolidate liquidity across Base, Optimism, Ethereum mainnet, and Circle's Arc chain, ending competition between the two DEXs. For now, though, Aerodrome's numbers on Base alone make the "Uniswap of Base" label hard to argue with.
Sources:DWF Labs: Has Aerodrome Finance Become the Leading DeFi Protocol on Base?CoinDesk: Leading Base DEX Aerodrome Merges Into Aero in Major OverhaulDefiLlama: DEX Volume Rankings
