AERO project analysis | AERO deeply bound to Base ecosystem | Aerodrome technology upgrade surpasses Uniswap | DeFi flywheel supported by Aerodrome Finance Coinbase

Aerodrome is the core DEX of Base chain, with TVL ranking first with nearly 500 million. Coinbase integrates into its price catalyst, driving users and coin holding growth, but there is short-term selling pressure. Technology upgrades and collaboration strengthen competitiveness, and tokens form a positive cycle through repurchase locking. Facing challenges such as Base dependence and Uniswap competition, it is favorable in the short term, and the Base ecosystem is long-term. In June 2025, Coinbase announced that it would deeply integrate Base chain native DEX (represented by Aerodrome) into main mobile applications, becoming a key catalyst for AERO price increase. Integration brought a qualitative leap for users. The price of AERO once rose, soaring 24% within 22 hours, 72% of the coin holders made a profit, and the coin holders increased to nearly 630,000. However, the derivatives market is clearly divided, with open contracts hitting a new high, with 56% being short positions, and there is pressure to take short-term profits. Technology upgrade and ecological collaboration support its development: in April, Slipstream upgrade was launched, introducing a centralized liquidity pool, so that the share of TVL, transaction fees and transaction volume on the Base chain exceeded Uniswap; participation in the governance of Relay function optimization; in August, cooperation with Aperture Finance to strengthen liquidity management. The token economy forms a positive cycle through revenue repurchase locking, with about 30% of the agreement revenue being used to repurchase AERO and lock it, with a total of more than 120 million pieces locked, forming a flywheel effect of "revenue growth → repurchase locking → liquidity enhancement → revenue growth". Its development faces challenges: it is highly bound to the Base ecosystem, the correlation coefficient between the price and the daily trading volume of the Base chain reaches 0.86, which is susceptible to Base fluctuations; it is necessary to deal with Uniswap's competition; the market's bear turn may weaken the repurchase intensity. At the investment level, the short term is favorable to Coinbase integration, and the price may rise to US$0.80-1.30; the medium term depends on the technology adoption rate; the long term depends on the Base ecosystem development. However, it is necessary to pay attention to risks such as short pressure on derivatives, profit selling pressure on currency holders, and market volatility. The development of Aerodrome not only concerns its own status in Base, but also provides reference for the valuation of "Layer 2 network native DEX". Technology iteration, governance efficiency and ecological symbiosis capabilities are the key to its time-travel cycle. [Note⚠️, cryptocurrencies are high-risk investments, and you may lose all your principal. If you don’t understand, it is recommended not to participate. This video does not have any investment advice, it is only used as information sharing] Aerodrome Finance is the core DEX on the Base chain, positioned as the "next generation AMM", borrowed from the veToken model, and aimed to become the "central liquidity hub" of the Base ecosystem. As of early August 2025, its TVL had nearly US$500 million, far surpassing Uniswap on Base, ranking first in the chain DEX TVL; the trading market value of governance token AERO was approximately US$619 million, ranking 141st in the world. #AERO Project Analysis#Base Ecology#Aerodrome #Uniswap #aerodrome #Coinbase #DeFi