The initial audits on the all new Aero are complete.
And we're excited to share that @sherlockdefi will be joining @chain_security as an audit partner moving forward.
The second phase of audits begin today and are expected to complete on June 19th. More to come, stay tuned. 🛫
Day 52: imagine @AerodromeFi after the bear market
Top3 DEX on mainnet
TVL $3 Billion
$500 M annual fees -> $AERO between $5.00 to $7.00
Hopefully hyperlane stays safe and handles it...
#AeroDynamics3#MetaDEX#Aerodrome#Base
@0xfluid The exploit was on May 27th.
A lender withdrew $77m of USDC starting on the 28th.
The team posted about high deposit rates for USDC on the 28th.
This exploit was surfaced earlier today (May 31st) and only after that was it disclosed.
Why was it only disclosed now?
$AERO is the #3 DEX by volume, with $13.8B over the last 30 days.
11% market share (+14.2%).
So who's losing market share?
PancakeSwap down 18.3%
Curve down 17.6%
Fluid down 30.1%.
This isn't a rising tide; it's a rotation.
Volume is moving out of established players into @AerodromeFi.
And I don't think CT has caught on yet: Aerodrome is doing 38% of Uniswap's volume at 20% of Uniswap's market cap.
$AERO P/S of 8.5x vs Uniswap's 61.9x. (7x cheaper)
I think the market is still treating Aerodrome like a Base-native niche DEX.
The volume stopped being niche about $10B ago.
$AERO holds the top ETH and BTC pools onchain. Let that sit.
A DEX that launched as a Base-native experiment now owns the deepest blue chip liquidity in crypto.
The 'onchain spot is niche' take aged badly.
$AERO 1M
When I look at this chart
I see the #1 DEX in the world is about to take its place in the top 10 by Market cap over the next 6-10 Months
@AerodromeFi season is coming
I’m bullish #ethereum but I believe there are more productive ways to express bullishness in a portfolio besides just owning $ETH.
Owning the liquidity layer > owning the gas token.
$AERO.
Coming soon to a mainnet near you.
Aerodrome straight up dominating on @base right now.
Numbers don't lie: they’re the #1 revenue DEX onchain again, pushing serious fees back to veAERO holders.
Here are the key things that stood out to me:
- Aero Ignition for $TEA drops soon — voting opens May 28, TGE June 4. Another huge reason to lock aerodrome-finance:native
- already over $1B in volume on $VVV this year, real organic usage kicking in
- they bought back and locked another 302K AERO through the Public Goods Fund — flywheel is spinning hard
Base season is heating up and @AerodromeFi is perfectly positioned.
I’m staying AEROmaxxed for sure.
Vitalik Buterin wrote the Ethereum whitepaper at 19 years old.
Let that sink in.
While most of us were figuring out college or chasing clout, this kid was designing a world computer that would go on to secure hundreds of billions in value.
And what did he get in return?
2014-2016: "Ethereum is a scam." "It'll never work." "Bitcoin is the only real crypto."
2016: The DAO hack. $60M stolen. The entire project nearly died. Media declared Ethereum dead. He had to make impossible decisions that split the community.
2017-2018: ICO boom turned bust. Everyone blamed Ethereum. "ETH is going to zero." Projects that built garbage on his platform made him the scapegoat.
2019-2020: The "ETH killer" era. Every new L1 was supposed to replace Ethereum. Solana. Cardano. EOS. The narrative was relentless: "ETH can't scale. ETH is too slow. ETH is finished."
2021: Gas fees through the roof. "Ethereum is unusable." "Only for the rich." More FUD. More hate.
2022: The Merge. Years of work. Everyone said it would fail. "ETH will crash." "The chain will break." "It's too risky."
It didn't fail. It was one of the most successful upgrades in crypto history. Flawless.
2023-2026: Now it's "EF is incompetent." "Ethereum has no roadmap." "Leadership is failing." Same energy, different year.
Through all of this - every single cycle - Vitalik is still here.
No rage tweets.
No clapping back at critics.
No "I told you so" victory laps.
Just building. Researching. Writing. Thinking about the next 10 years while everyone else argues about the next 10 days.
This man donated hundreds of millions to charity. Gave away his SHIB airdrop to India COVID relief. Lives modestly while he could be living like a king.
He's been mass unfollowed. Called a scammer. Mocked for how he dresses, how he talks, how he thinks. CT loves to clown him when ETH is down and pretend they always believed when ETH is up.
Most people on this app can't handle a ratio.
Vitalik handled a decade of the entire crypto industry telling him his life's work was worthless - and kept building anyway.
That's not stubbornness. That's conviction.
The kind you can't fake. The kind you can't buy. The kind that builds things that actually last.
You don't have to mass $ETH.
You don't have to mass anything.
But you should respect the man who mass something real while the world told him he was wrong.
Decade of FUD. Still here. Still building.
Respect the builder.
Respect the vision.
Respect the man. 🫡