Aerodrome Finance is making serious moves. The AERO price has jumped 11% today, trading around $0.9039, with trading volume up by 135%, a clear sign that interest is heating up again.
Behind the rally are several key developments that have both traders and institutions paying attention.
A new JP Morgan report valued Coinbase’s Base network at a massive $34 billion, calling it one of the most promising Layer-2 ecosystems in crypto.
That’s big news for Aerodrome, the top DEX on Base, which already processes over $1 billion in daily volume.
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Base season is heating up 🔥
JP Morgan’s new report values the Base token at $34B, with massive upside for $AERO
Base’s launch alone could 3x-5x AERO at current prices @AerodromeFi is the top DEX on Base with $1B+ in daily volume
One of the easiest, safest bets IMO. DYOR… https://t.co/22Q6leQx6y pic.twitter.com/VU2jIYw521
— Web3 Princess 👑 (@BrianneFrey) October 25, 2025
On top of that, Aerodrome is generating $309 million in annualized revenue on a roughly $762 million market cap, making it one of the most efficiently valued DeFi projects out there.
So, what’s driving this renewed momentum? Let’s break down the three main reasons AERO price could keep climbing this quarter.
Base Network Growth & Coinbase Synergy (Bullish Impact)
Aerodrome’s connection with Coinbase’s Base network continues to be its biggest strength. After Coinbase integrated its DEX directly with Base in August 2025, AERO gained exposure to over 100 million users, sparking a 25% price rally.
Since then, Base’s TVL has climbed 300% year-to-date, and Aerodrome controls more than half of all DEX volume on the chain.
As adoption grows, Aerodrome’s numbers keep getting better. In September 2025, the protocol generated $21 million in revenue, mostly from trading fees and new on-chain payment integrations like Shopify’s USDC rollout.
If Base continues this trajectory, Aerodrome could cement its position as the go-to liquidity hub for Coinbase’s growing on-chain ecosystem.
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Emissions Governance & Tokenomics (Mixed Impact)
The next major factor is AERO’s evolving tokenomics. Aerodrome’s veAERO model lets holders lock tokens for voting power and a share of protocol fees.
A new governance proposal is now on the table to cut emissions by 15%, which could ease selling pressure and support higher prices.
If approved, this would help AERO’s price stay more stable over time, fewer emissions usually mean less token inflation. Still, there’s one concern hanging in the background: about 450 million tokens (50% of total supply) are set to unlock in 2027.
That’s a lot of potential sell pressure down the line. For now, though, with 905 million tokens already circulating, short-term sentiment depends largely on how the community votes on this emissions proposal.
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Macro Sentiment & Regulatory Risks (Bearish Impact)
Not everything is smooth sailing. Bitcoin dominance sitting at 59% and a Fear & Greed Index of 36 both suggest investors are still cautious. While Grayscale recently added AERO to its DeFi fund, the ongoing SEC scrutiny of decentralized exchanges continues to create uncertainty.
AERO price often moves with high-volatility altcoins, meaning broader market sell-offs could drag it down too. That said, potential Fed rate cuts or easing regulatory pressure could quickly flip the mood back in AERO’s favor.
Final Thoughts
AERO’s next big move depends on how well Base continues to scale and how governance decisions around emissions play out.
The fundamentals are strong, Aerodrome dominates Base’s DEX market, generates hundreds of millions in yearly revenue, and benefits from its direct link to Coinbase.
Still, macro risks remain, and token unlocks will be something to watch. But if Base keeps expanding and emission cuts are approved, Aerodrome Finance price could be setting up for another explosive run this quarter.
It’s not hype, it’s numbers, growth, and smart positioning. And right now, AERO seems to have all three working in its favor.
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