Aerodrome Finance
Summary
Aerodrome Finance is a decentralized exchange (DEX) and automated market maker (AMM) launched on August 28, 2023 on Coinbase's Base Layer-2 network. It operates a ve(3,3) tokenomics model inherited from Velodrome Finance and has grown to become the dominant DEX on Base by total value locked and trading volume. The protocol has no history of smart contract exploits but suffered a significant DNS hijacking attack in November 2025 that resulted in approximately $700,000 to $1 million in user losses.
Connected Entities
1 entities · 10 linked investigationsTimeline(6 events)
2022-06-02
Velodrome Finance, the predecessor protocol by the same team, launched on Optimism.
From Launch to Leadership: The Story of Velodrome Finance — Descrii2023-08-28
Aerodrome Finance launched on the Base network with an initial supply of 500 million AERO and no venture capital or private sale funding.
What Is Aerodrome Finance? Ultimate Guide — CoinGecko2024-02-27
Coinbase Ventures (Base Ecosystem Fund) announced an undisclosed AERO token acquisition; AERO price surged over 140%.
Liquidity Protocol Aerodrome Finance Receives Investment from Coinbase Ventures — Yahoo Finance2025-11-13
Dromos Labs announced the merger of Aerodrome and Velodrome into a new unified DEX named Aero, targeting a Q2 2026 launch on Base, Optimism, Ethereum mainnet, and Circle's Arc.
Leading Base DEX Aerodrome Merges Into Aero in Major Overhaul — CoinDesk2025-11-21
DNS hijacking attack via insider threat at NameSilo redirected aerodrome.finance and aerodrome.box to phishing sites; approximately $700,000-$1 million drained from user wallets. Smart contracts were not compromised.
Aerodrome Finance Hit by 'Front-End' Attack — CoinDesk2026-01-29
CoinDesk published an in-depth profile on the Aero cross-chain DEX expansion plans targeting Uniswap and Curve on Ethereum mainnet.
Aero DEX aims to fix liquidity fragmentation and dethrone the incumbents — CoinDeskDecision Log
- hash: GS5hB7kgmkjTtgfFcS11hGN2DqdD6u4f8WwH4aM5q4z1
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-code-investigator
generated: 5/31/2026, 7:31:35 AM
last updated: 5/31/2026, 7:31:43 AM
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