I consider $AERO as arguably the BIGGEST sleeping giant in DeFi for this cycle.
TVL = $1.417 Bil (40% of Base TVL)
MCap = $1.125 Bil
Rarely do you see projects with higher TVL than market cap & I imagine that changes for AERO soon.
But it's far more than just TVL
Aerodrome is doing unreal numbers in terms of revenue.
The only non-stablecoin protocols generating more revenue than them are Ethereum, Tron, Solana & Ethena.
With the first 3 obviously being some of the most established projects in this space sitting nicely in the top 10 market cap leadereboards.
And remember... These are L1 networks that serve as the entire infrastructure to their respective blockchains.
Aerodrome is simply 1 protocol on Base that's putting unreal numbers.
And then of course there's the narrative of Aerodrome being the face of utility on Coinbase's Base chain.
This is an absolute sleeper that you should be paying attention to if you want some exposure to the Base ecosystem and overall DeFi.
We've seen what some exchange tokens can do, especially with the likes of Binance Coin with BSC.
Well now we have a chance to capture that opportunity... But on Coinbase🧠
It's not just narratives for Aerodrome, the numbers do more than speak for themselves.
🚨IMPORTANT NEWS FOR EUROPEANS🚨
A lot of $USDT FUD going around, so here’s the reality:
$USDT is NOT becoming illegal in Europe on Dec 30, 2024
MiCA rules will require compliance, but there’s a 6-18 month transition period for providers
Some exchanges are delisting early (Coinbase); others are waiting for clarity
$USDC may be the better MiCA-compliant stablecoin option but there is still no clarity
The SOL unlocks coming in January have created a massive incentive to paint skin deep bullish narratives.
But, dig deeper and you can see the writing on the wall.
It is clear that @base and @AerodromeFi are building a real tangible moat -- and in 2025 it will be undeniable.
In the past 7 days, @AerodromeFi's revenues are:
* 18% of Ethereum's
* 35% of Circle's
* 62% of Ethena's
* 70% of Solana's
* 82% of Maker's
* 280% of Base's
* 290% of AAVE's
* 400% of Lido's
* 500% of Pancake's
* 890% of Arbitrum's
* 1080% of Curve's
Aerodrome's best week ever (yet again).
* TVL: $1.68b -- All Time High
* Volume: $8.2b -- All Time High
* Epoch Fees: $8.2m -- All Time High
* Voting Rewards: $9.8m -- All Time High
* AERO Locked Up: 14m -- 2nd Best Ever
So yeah, a pretty solid week. 🛫