AERODROME REDEFINES DEX TOKENOMICS

Summary from the TLDR Crypto newsletter

Aerodrome has distributed $1 of revenue to $veAERO voters for every $723 in trading volume, a model that would have paid out $4.3B if applied to Uniswap's $3.1T in 5-year volume. For comparison, that equals 88% of UNI's current market cap. However, Uniswap has returned nothing to token holders. In the past 30 days alone, Aerodrome distributed $35M to voters, outpacing the combined revenue of PancakeSwap, Curve, and Jupiter.