Aerodrome and Velodrome have merged to launch Aero, an on-chain decentralized exchange spanning Ethereum mainnet, Base, Robinhood Chain, Ink, Optimism mainnet, Arc and Arbitrum. The seven networks together handle about $120 billion in monthly DEX trading volume. Aerodrome held 58% of DEX volume on Base during the July-to-September quarter, while Velodrome accounted for 60% on OP Mainnet. AERO and VELO will migrate into a new AERO token, with wrapped tokens receiving a separate migration option and existing veAERO and veVELO converting into sAERO. Developed by Dromos Labs, Aero connects trading across networks through a metaswap function, lets AERO stakers direct liquidity toward markets expected to generate returns and raises fees during periods of rapid market volatility. All revenue will be distributed to AERO stakers, according to Dromos Labs founder and CEO Alex Cutler.