Why Aerodrome Finance is the #1 Asset in My Portfolio

Aerodrome is making waves in the DeFi world, cementing its position as the highest-earning decentralized exchange (DEX) of 2024. With revenue that outpaces Uniswap by an impressive 143%, Aerodrome is proving to be more than just a competitor, it’s a leader.

Aerodrome’s Key Stats

• Revenue: $119 million (Year-to-Date)

• Platform: Base (Coinbase’s Ethereum Layer 2)

• Total Value Locked (TVL): Over $1.6 billion

Uniswap’s Position

While Uniswap continues to dominate trading volume, its revenue of $49 million YTD puts it in second place. This performance underscores how Layer 2 solutions, like Base, are redefining the DeFi landscape.

Why I’m Considering Big on Aerodrome

I believe Base is the future of Ethereum Layer 2 solutions. Almost all my transactions now happen on Base, instead of alternatives like Arbitrum or Optimism. Aerodrome’s success is directly tied to the growth of the Base network, making it a unique and promising investment.

Here’s why I think Aerodrome has massive potential:

1. Strong Correlation with Base’s Growth: As Base scales, Aerodrome will benefit significantly as the platform of choice for Base-based DeFi activity.

2. 20x Upside Potential: If Aerodrome reaches Uniswap’s previous all-time high (ATH), it could realistically achieve 20x its current price, well within reach this bull run.

3. Dominance on a Growing Network: Base’s rapid adoption ensures Aerodrome remains a top contender in the Layer 2 DeFi ecosystem.

Aerodrome isn’t just another DEX, it’s a reflection of the transformative potential of Base. With its unparalleled revenue growth and alignment with a thriving Layer 2 ecosystem, Aerodrome stands out as the most compelling asset in my portfolio.

Source: Token Terminal