As the Base ecosystem continues to expand, certain applications are making their mark, with AerodromeFi emerging as a clear leader.

Currently, it commands 60% of all decentralized exchange (DEX) activity on the network, surpassing Uniswap, which holds 30%.

AerodromeFi’s trading volume hit $3 billion weekly, significantly higher than Uniswap’s $1.1 billion.

User engagement has also surged, with daily active users growing by nearly 270% over the past month to reach a record-breaking 27,000.

The total value locked (TVL) on AerodromeFi is nearing $1.2 billion, a 95% increase for the month, making up 43% of all TVL across the Base network.

As the @base ecosystem continues to evolve, it's interesting to see how different applications emerge and gain traction. @AerodromeFi now accounts for 60% of all DEX activity on the network, followed by Uniswap (30%), and recently handled $3B of weekly volume (compared to… pic.twitter.com/k3mHwJtYR0

— David Alexander II (@Mega_Fund) October 4, 2024

In terms of earnings, AerodromeFi generated over $20 million in fees last month, ranking it as the ninth-largest fee-generating protocol in the crypto space. It trails closely behind Jito, which earned $21 million, and Aave with $24 million.

One of the most interesting aspects moving forward will be the effect of token incentives on trading volumes and fee generation. Since September, more than $39 million worth of $AERO incentives have been distributed, which could fuel further growth and activity on the platform.

As AerodromeFi continues to dominate the DEX scene within the Base ecosystem, it will be exciting to watch how these incentives and its increasing market presence shape its future trajectory.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: leddamarita/123RF // Image Effects by Colorcinch

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