Logo of Aero Protocol

Aero Protocol

Total Value Locked$421.32m

TVL by Chain

Base$378.9m

OP Mainnet$30.75m

Ink$7.67m

Arc$3.37m

Fraxtal$299,807

Soneium$125,157

Celo$91,927

Unichain$56,956

BOB$34,970

Lisk$19,066

Mode$16,398

Superseed$0

Swellchain$0

Key Metrics

Fees 30d$12.14m
Fees 30d by chain

Base$11.69m

OP Mainnet$374,201

Ink$46,043

Arc$23,099

Celo$1,494

Soneium$1,167

Unichain$817.88

Fraxtal$223.38

Mode$127.38

Lisk$110.51

BOB$13.98

Fees 7d$2.79m

Base$2.68m

OP Mainnet$95,091

Ink$12,722

Arc$7,847

Celo$53.97

Soneium$29.33

Lisk$17.38

Mode$12.08

Fraxtal$5.09

BOB$3.76

Unichain$2.36

Fees 24h$265,363

Base$255,653

OP Mainnet$7,386

Ink$1,474

Arc$840

Mode$3.33

Soneium$2.60

Celo$1.28

Lisk$1.16

Fraxtal$0.54

BOB$0.37

Unichain$0.06

Cumulative Fees$606.85m

Base$559.95m

OP Mainnet$41.86m

Ink$2.69m

Lisk$978,561

Unichain$473,514

Mode$372,905

Soneium$322,349

Fraxtal$77,832

Celo$75,790

Arc$25,844

Swellchain$18,073

BOB$5,391

Revenue 30d$8.26m
Revenue 30d by chain

Base$7.85m

OP Mainnet$366,662

Ink$42,872

Celo$1,377

Soneium$1,058

Unichain$798.96

Fraxtal$220.85

Lisk$93.40

Mode$17.52

Arc$0

BOB$0

Revenue 7d$1.97m

Base$1.86m

OP Mainnet$93,706

Ink$11,665

Celo$27.73

Lisk$15.22

Soneium$10.07

Fraxtal$5.02

Unichain$1.71

Mode$1.48

Arc$0

BOB$0

Revenue 24h$190,273

Base$181,551

OP Mainnet$7,306

Ink$1,412

Soneium$1.61

Lisk$1.06

Fraxtal$0.53

Mode$0.38

Celo$0.35

Unichain$0.03

Arc$0

BOB$0

Cumulative Revenue$535.25m

Base$488.41m

OP Mainnet$41.84m

Ink$2.67m

Lisk$978,511

Unichain$473,479

Mode$372,755

Soneium$322,093

Fraxtal$77,758

Celo$75,666

Swellchain$18,073

BOB$5,311

Arc$0

Holders Revenue 30d$8.26m
Holders Revenue 30d by chain

Base$7.85m

OP Mainnet$366,662

Ink$42,872

Celo$1,377

Soneium$1,058

Unichain$798.96

Fraxtal$220.85

Lisk$93.40

Mode$17.52

BOB$0

Holders Revenue 7d$1.97m

Base$1.86m

OP Mainnet$93,706

Ink$11,665

Celo$27.73

Lisk$15.22

Soneium$10.07

Fraxtal$5.02

Unichain$1.71

Mode$1.48

BOB$0

Holders Revenue 24h$190,273

Base$181,551

OP Mainnet$7,306

Ink$1,412

Soneium$1.61

Lisk$1.06

Fraxtal$0.53

Mode$0.38

Celo$0.35

Unichain$0.03

BOB$0

Cumulative Holders Revenue$535.25m

Base$488.41m

OP Mainnet$41.84m

Ink$2.67m

Lisk$978,511

Unichain$473,479

Mode$372,755

Soneium$322,093

Fraxtal$77,758

Celo$75,666

Swellchain$18,073

BOB$5,311

DEX Volume 30d$16.244b
DEX Volume 30d by chain

Base$15.61b

OP Mainnet$510.09m

Ink$56.12m

Arc$55.6m

Celo$5.11m

Unichain$4.19m

Soneium$3.19m

Fraxtal$149,151

Mode$44,573

Lisk$39,891

BOB$13,528

DEX Volume 7d$4.106b

Base$3.94b

OP Mainnet$130.89m

Arc$17.97m

Ink$16.27m

Celo$160,150

Soneium$88,022

Unichain$15,081

Lisk$6,195

Mode$4,468

BOB$4,317

Fraxtal$3,763

DEX Volume 24h$423.22m

Base$405.7m

OP Mainnet$14.08m

Arc$2.16m

Ink$1.26m

Soneium$9,698

Celo$4,364

Mode$1,127

Fraxtal$685.28

Lisk$411

Unichain$327

BOB$324

Cumulative DEX Volume$491.578b

Base$447.192b

OP Mainnet$38.68b

Unichain$2.49b

Ink$1.644b

Soneium$642.79m

Celo$340.48m

Lisk$201.49m

Mode$196.21m

Fraxtal$80.26m

Arc$62.42m

Swellchain$41.61m

BOB$6.68m

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Protocol Information

Aero will be the unified liquidity layer for all of Ethereum: a cross-chain exchange that delivers institutional-grade execution, efficiency, and automation.

WebsiteGitHubX/Twitter
Categories:DexsLaunchpad
Products:

Yields

Pools Tracked543

Average Supply APY2,060.2%

User Activity

Active Addresses (24h)3,119

New Addresses (24h)2,229

Transactions (24h)25,955

Gas Used (24h)0.06 ETH

Gas Cost (24h)$154

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

Velodrome V1 - Token swap fees paid by users.View code on GitHubVelodrome V2 - Per-pool swap fee read from PoolFactory.getFee (default vAMM 0.30% / sAMM 0.05%, customizable per pool) applied to each swap, plus external bribes deposited by third parties to voter-incentive contracts.View code on GitHubAerodrome V1 - Total swap fees paid by traders. Per-pool fee rate read from PoolFactory.getFee (default sAMM 0.05%, vAMM 0.30%; customizable per pool) applied to each swap's input amount.View code on GitHubVelodrome V3 - Total swap fees paid by users.View code on GitHubAerodrome Slipstream - Total swap fees paid by traders. Per-pool fee rate read from CLPool.fee() (tickSpacing-based default, customizable) applied to each swap's input amount.View code on GitHubAero Lite - Swap fees paid by traders, using each pool's on-chain fee rate resampled every 1000 blocks since the rate adjusts dynamically.View code on GitHub

Revenue:

Velodrome V1 - Swap fees distributed to VELO token holders.View code on GitHubVelodrome V2 - veVELO voters’ take: staked-LP swap fees forwarded to voters plus external bribes. Equals HoldersRevenue — Velodrome keeps no treasury cut of swap fees.View code on GitHubAerodrome V1 - veAERO holders' share of swap fees, equal to HoldersRevenue (Aerodrome's zero-leak model routes all protocol revenue to voters).View code on GitHubVelodrome V3 - The share of swap fees that goes to veVELO voters: everything earned by liquidity staked in a gauge, plus the rake taken from unstaked liquidity.View code on GitHubAerodrome Slipstream - veAERO holders' share of swap fees, equal to HoldersRevenue (Aerodrome's zero-leak model routes all protocol revenue to voters).View code on GitHubAero Lite - Zero: no Voter/veAERO gauge system is deployed on Arc yet, so no fees are redirected away from LPs.View code on GitHub

Holders Revenue:

Velodrome V1 - Swap fees dfistributed to VELO token holders.View code on GitHubVelodrome V2 - Swap fees from staked LPs (fee × pool.balanceOf(gauge) / pool.totalSupply), forwarded to veVELO voters, plus external bribes.View code on GitHubAerodrome V1 - Fees earned by LPs staked in the gauge — forwarded to FeeVotingReward for distribution to veAERO voters. Computed per pool as fees × pool.balanceOf(gauge) / pool.totalSupply.View code on GitHubVelodrome V3 - The share of swap fees that goes to veVELO voters: everything earned by liquidity staked in a gauge, plus the rake taken from unstaked liquidity.View code on GitHubAerodrome Slipstream - Sum of (a) staked-LP fees and (b) the unstaked-LP rake (CLFactory.getUnstakedFee, default 10% of unstaked share), both routed into the gauge's CLPool.gaugeFees() accumulator. Measured on-chain as gaugeFees(toBlock) - gaugeFees(fromBlock) plus CollectFees event amounts (which drain the accumulator each Voter.distribute call).View code on GitHubAero Lite - Money going to governance token holdersView code on GitHub

DEX Volume: Volume of all spot token swaps on the DEX

Hacks

Date: Nov 21, 2025

Protocol: Aerodrome V1

Amount: $700,000

Classification: Frontend & Infrastructure

Technique: DNS Hijack

Chains: Ethereum, Optimism

Language: Solidity

Target Type: DeFi Protocol

Aero Protocol history

TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jun 2, 2022 to Oct 19, 2026.

All-time high TVL: $1.355b on Dec 17, 2024. All-time low TVL: $11.43m on Jun 21, 2022.

Daily TVL, Sep 20, 2026 to Oct 19, 2026

DateTVL
Sep 20, 2026$417.6m
Sep 21, 2026$414.72m
Sep 22, 2026$423.54m
Sep 23, 2026$426.8m
Sep 24, 2026$418.46m
Sep 25, 2026$420.43m
Sep 26, 2026$435.26m
Sep 27, 2026$442.77m
Sep 28, 2026$433.06m
Sep 29, 2026$433.2m
Sep 30, 2026$438.59m
Oct 1, 2026$438.05m
Oct 2, 2026$435.03m
Oct 3, 2026$441.52m
Oct 4, 2026$438.07m
Oct 5, 2026$450.54m
Oct 6, 2026$450.44m
Oct 7, 2026$448.66m
Oct 8, 2026$431.95m
Oct 9, 2026$426.17m
Oct 10, 2026$428.25m
Oct 11, 2026$442.85m
Oct 12, 2026$437.06m
Oct 13, 2026$415.58m
Oct 14, 2026$429.82m
Oct 15, 2026$431.59m
Oct 16, 2026$434.06m
Oct 17, 2026$445.44m
Oct 18, 2026$430.11m
Oct 19, 2026$407.06m

TVL at each month end, Nov 2024 to Oct 2026

DateTVL
Nov 30, 2024$1.242b
Dec 31, 2024$1.177b
Jan 31, 2025$857.57m
Feb 28, 2025$599.13m
Mar 31, 2025$558.14m
Apr 30, 2025$545.38m
May 31, 2025$592.18m
Jun 30, 2025$621.47m
Jul 31, 2025$639.87m
Aug 31, 2025$694.14m
Sep 30, 2025$644.34m
Oct 31, 2025$600.4m
Nov 30, 2025$487.78m
Dec 31, 2025$505.46m
Jan 31, 2026$472.74m
Feb 28, 2026$393.57m
Mar 31, 2026$387.38m
Apr 30, 2026$416.89m
May 31, 2026$393.12m
Jun 30, 2026$344.87m
Jul 31, 2026$303.64m
Aug 31, 2026$357.98m
Sep 30, 2026$438.59m
Oct 19, 2026 (latest)$407.06m

TVL at each year end, Dec 31, 2022 to Dec 31, 2025

DateTVL
Dec 31, 2022$75.91m
Dec 31, 2023$277.83m
Dec 31, 2024$1.177b
Dec 31, 2025$505.46m

Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026

MonthFeesRevenueHolders revenue
Nov 2024$36.2m$35.01m$35.01m
Dec 2024$45.68m$43.19m$43.19m
Jan 2025$41.23m$36.04m$36.04m
Feb 2025$22.05m$19.74m$19.74m
Mar 2025$14.15m$12.72m$12.72m
Apr 2025$12.21m$10.86m$10.86m
May 2025$16.83m$13.98m$13.98m
Jun 2025$15.44m$12.53m$12.53m
Jul 2025$17.02m$14.62m$14.62m
Aug 2025$21.17m$17.14m$17.14m
Sep 2025$35.97m$31.39m$31.39m
Oct 2025$22.78m$17.49m$17.49m
Nov 2025$15.66m$12.54m$12.54m
Dec 2025$8.72m$6.92m$6.92m
Jan 2026$10.08m$8.43m$8.43m
Feb 2026$8.14m$6.09m$6.09m
Mar 2026$7.5m$5.18m$5.18m
Apr 2026$9.46m$4.9m$4.9m
May 2026$11.58m$7.14m$7.14m
Jun 2026$9.34m$5.15m$5.15m
Jul 2026$6.7m$4.85m$4.85m
Aug 2026$6.99m$4.97m$4.97m
Sep 2026$19.1m$15.34m$15.34m
Oct 2026 (to date)$7.27m$5.02m$5.02m

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/aero-protocol

Frequently asked questions

What is Aero Protocol's TVL?

As of Oct 19, 2026, Aero Protocol has $421.32m in total value locked. TVL has increased 3.6% over the past 30 days.

What chains does Aero Protocol operate on?

Aero Protocol operates on 13 chains: OP Mainnet, Mode, BOB, Ink, and Fraxtal and 8 others. Base holds the largest share at 89.9%.

How much has Aero Protocol generated in fees and revenue?

Over the past 30 days, Aero Protocol generated $12.14m in fees. Of that, $8.26m was protocol revenue. Based on the trailing year, the annualized rate is $129.97m in fees and $93.23m in revenue.

Which protocols are included in Aero Protocol?

Aero Protocol is a parent protocol whose tracked products include Aerodrome Slipstream, Aerodrome V1, Aerodrome Ignition, Velodrome V3, and Velodrome V2 and 2 others.

How much trading volume does Aero Protocol process?

Aero Protocol processed $16.244b in DEX volume over the past 30 days.

Has Aero Protocol ever been exploited?

Aero Protocol has 1 recorded security incident. The most recent incident occurred on Nov 21, 2025 and involved $700,000. It was classified as Frontend & Infrastructure.