Aerodrome Reaches Tokenized Stock Trading Dominance on Base
Aerodrome has solidified its position as the leading marketplace for on-chain equities after capturing over 79% of tokenized stock trading volume on Coinbase's layer-2 blockchain, Base.
The decentralized exchange has seen remarkable traction since the launch of Coinbase-issued tokenized US equities on August 24, with cumulative DEX volume reaching approximately $94.6M in just the first week and scaling to roughly $227.7M within the first 30 days.
Aerodrome accounted for about 77% of total volume over this 30-day window, translating to roughly $176M in trades, with its share climbing as high as 97.5% at certain shorter intervals.
The AERO governance token responded accordingly, rising approximately 11% to around $0.53 following the tokenized stocks launch.