Aerodrome captures 79% of tokenized stock volume on Base

  • Aerodrome accounted for about 79% of Base stock-token trading volume over 30 days.
  • $176 million in stock-token trades was recorded on Aerodrome during that period.
  • Four tokens currently trade on Base: NVDAc, AAPLc, METAc and GOOGLc.

Aerodrome accounted for about 79% of tokenized stock trading volume on Coinbase's Base network over the past 30 days, processing roughly $176 million, according to Crypto Briefing. Its share reached as high as 97.6% during shorter periods. Total decentralized-exchange volume reached approximately $94.6 million in the first week after Coinbase-issued tokenized US equities launched on August 24 and roughly $227.7 million during the first 30 days, with daily peaks near $30 million. Earlier figures cited Aerodrome's 30-day share at about 77% and its peak at 97.5%, indicating a later revision in the reported market-share data. The four available tokens are NVDAc, AAPLc, METAc and GOOGLc, representing Nvidia, Apple, Meta and Alphabet/Google. Each is backed 1:1 by shares held in regulated custody through Alpaca under Abu Dhabi Global Market oversight and is available only to eligible non-US users. Chainlink oracles provide blockchain-based price feeds, while the tokens can be used as collateral in DeFi protocols such as Aave on Base. Aerodrome's ve(3,3) model links AERO-based voting and rewards to liquidity and trading activity, although the exchange remains dependent on Coinbase's support and regulatory standing in the Abu Dhabi Global Market.

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