Aerodrome and Velodrome Merge to Launch Aero Exchange
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Aerodrome and Velodrome have announced their merger to launch the on-chain spot trading exchange Aero. Aero will be available on the Ethereum mainnet, Base, Robinhood Chain, Ink, OP Mainnet, Arc, and Arbitrum, covering seven networks with a total monthly DEX trading volume of approximately $120 billion. After the merger, the AERO and VELO tokens will migrate to the new AERO token, and veAERO and veVELO will convert to sAERO. Aero is developed by Dromos Labs, and founder and CEO Alex Cutler stated that 100% of the platform's revenue will be distributed to AERO stakers.
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