AERODROME: THE ONCHAIN LIQUIDITY ENGINE

Summary from the TLDR Crypto newsletter

Aerodrome has emerged as the dominant DEX on Base, capturing 63% market share and growing its TVL to $1.3B and monthly volumes to $16.5B. Its success stems from its design, which combines features from Curve tokenomics and Uniswap V3-style concentrated liquidity. The platform has become particularly popular for cbBTC, commanding 80% of volume, while its emissions strategy has been productive in building sustainable liquidity.