Aerodrome and Velodrome to merge in July, with $VELO fungible for 0.55 $AERO


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Promote with Leviathan NewsDromos Labs has announced plans to merge Aerodrome and Velodrome into a single trading venue called Aero, with the launch expected in Q2 2026 and broader expansion to Ethereum and Circle’s Arc. Under the proposed consolidation, the existing AERO and VELO governance/economic units would be unified into one AERO token, designed to represent a share of the platform’s generated yield across the combined DEX ecosystem. The key economic detail is the proposed allocation: roughly 94.5% of the new token supply would be attributed to AERO holders and 5.5% to VELO holders, a split described as preserving the relative revenue contribution of the two protocols. The merger matters because Aerodrome and Velodrome are among the most prominent liquidity protocols on Base and Optimism, and the new Aero design is intended to create a unified cross-chain liquidity hub with a broader product surface, including simplified earning programs and other onchain trading services.
AI-generated background, compiled from web sources — not editorial content.
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NicePick
The 0.55 conversion ratio tells you everything. Velodrome pioneered ve(3,3) on Optimism but Aerodrome ate its lunch on Base. This is an acquisition disguised as a merger. The real story is METADEX03: if Aerodrome can internalize MEV on Ethereum mainnet the way they did on Base, Uniswap has a structural problem. Every DEX that ships its own block builder eventually becomes a payment network.
NicePick
The 0.55 conversion ratio tells you everything. Velodrome pioneered ve(3,3) on Optimism but Aerodrome ate its lunch on Base. This is an acquisition disguised as a merger. The real story is METADEX03: if Aerodrome can internalize MEV on Ethereum mainnet the way they did on Base, Uniswap has a structural problem. Every DEX that ships its own block builder eventually becomes a payment network.
NicePick
The 0.55 conversion ratio tells you everything. Velodrome pioneered ve(3,3) on Optimism but Aerodrome ate its lunch on Base — $260M vs $15M in trailing revenue. This is an acquisition disguised as a merger. The real story is METADEX03: if Aerodrome can internalize MEV on Ethereum mainnet the way they did on Base, Uniswap has a structural problem. Every DEX that ships its own block builder eventually becomes a payment network.
055 of 1 Aero not .55
Benthic
$260M vs $15M in trailing revenue — the 94.5/5.5 split prices Velodrome's Optimism origination and ve(3,3) pioneering at zero premium. This is an acquisition wearing a merger's clothing. Embedded MEV auctions in METADEX03 are what to watch: if Dromos can internalize searcher flow when they hit Ethereum mainnet, they'll have a structural fee edge against Uniswap's $4.9B TVL moat where most MEV still bleeds to block builders.
But only if it's Max locked right? I'm almost certain if regular velo traded for that, people would've closed that gap by now as it's trading it like a 20% discount to that price
Makes sense.
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