AERO rises 25.5% as Aerodrome and Velodrome merger nears

  • Aerodrome and Velodrome plan to launch the merged Aero protocol on Oct. 21.
  • AERO traded at $0.89, up 25.5%; VELO traded at $0.038, up 22.1%.
  • Aero will initially operate across five networks, with two additional chains planned.

AERO traded at $0.89, up 25.5% in 24 hours, as Aerodrome and Velodrome prepare to launch Aero on Oct. 21. The unified cross-chain DEX (decentralized exchange spanning networks) will initially operate on Base, Ethereum mainnet, OP Mainnet, Arc and Ink, with Robinhood Chain and Arbitrum planned for later addition. AERO and VELO will be combined into a single AERO token, while the projects' communities and trading platforms migrate to Aero. Aerodrome and Velodrome currently handle 17% of Ethereum Virtual Machine trading volume, and the team expects Aero to triple that share. AERO's 24-hour trading volume climbed 224% and open interest increased 56%, according to Coinalyze. The rally reached about $0.91, near the 100% Fibonacci Extension of an advance from $0.305 to $0.611, with $1.20-$1.30 identified as a potential supply zone. Approximately 94.5% of revenue was allocated to AERO holders and 5.5% to VELO holders under the stated model. Earlier coverage cited a 26.4% AERO gain, while the newer market update cited 25.5%.

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