BULL CASE FOR AERODROME (AERO) RIDING TOKENIZED-STOCK GROWTH

Summary from the TLDR Crypto newsletter

Coinbase's expected launch of tokenized stocks on Base this week will drive volume to Aerodrome, Base's dominant DEX (52% share vs. Uniswap's 26%). Tokenized-equity spot DEX volume grew from $115M in July 2025 to $6B in July 2026 (50x YoY, now 11% of spot DEX volume) but remains under 0.04% of total US equity trading volume. Tokenized equities could reach $8.3 trillion by 2030 (3.5% of global equities), and in a bull case, Aero captures up to 40% of EVM DEX volume.