Catenaa, Monday, June 30, 2025-Aerodrome Finance, the leading decentralized exchange on Base, has soared more than 70% this week, pushing its market capitalization within striking distance of the $1 billion mark.
The Coinbase-backed protocol is now valued at roughly $770 million after another 15% daily gain.
Aerodrome has quickly emerged as one of the dominant forces on Ethereum layer-2 Base, where it leads in liquidity, trading volume and revenue.
With daily volumes exceeding $500 million and over $1.02 billion in total value locked, it has outpaced even Uniswap on the same chain.
The protocol’s revenue footprint is significant. It generates more than $2.6 million in weekly earnings and is on pace to hit $166 million annually, according to DefiLlama.
Analysts believe the $AERO token remains undervalued when compared with competitors like Uniswap and Solana’s Jupiter, both valued well above the $1 billion mark.
Aerodrome’s rise comes amid increasing institutional activity on Base. JPMorgan recently launched its $JPMD token for institutional clients on the network, while Shopify enabled stablecoin checkout for millions of merchants.
Analysts expect such developments to drive transactional growth and further entrench protocols like Aerodrome.
Technical indicators suggest further gains for $AERO, which is trading around $0.92. The token recently broke through key resistance at $0.60 and could rise toward $1.41, with longer-term targets including a return to its 2024 high of $2.30.
Market watchers, however, caution that overbought conditions could lead to short-term corrections.
As adoption of Base accelerates and DeFi momentum builds, Aerodrome Finance appears positioned to become one of the sector’s next billion-dollar protocols, further cementing Base’s emergence as a major DeFi hub.
