ALTCOIN UPDATE: Aerodrome Finance Best Play on the Base Network - DEEP Dive and Vaulation

If you've followed my journey, you're aware of my perspective on Aerodrome Finance. We've been optimistic about this project since early last year. Aerodrome Finance (AERO) is a vote-locked AMM and liquidity hub native to Coinbase’s Base chain. With a market cap close to $700M and a fully diluted valuation (FDV) of approximately $1.38B, it stays within the small-cap category but has a significant impact on Base's DeFi stack.

Recent bullish developments include the launch of the Pool Launcher, CEX listings on, and utility expansion via DIMO migration. However, high emissions, unresolved UX issues, and a June relay bug raise caution. The valuation outlook is neutral to cautiously bullish, depending on Base adoption, tokenomics optimization, and product UX improvements.

Fundamental Analysis of AERODROME

Project Vision and Roadmap

Aerodrome Finance (AERO) is engineered as a vote-locked AMM and the liquidity infrastructure of Base, Coinbase’s native Layer-2 network. Its long-term vision centers on becoming the liquidity and yield engine for the Base ecosystem—combining veToken dynamics, robust staking incentives, and deep integrations with both DeFi and centralized platforms.