Aerodrome and Velodrome to merge into Aero, targeting NYSE and Nasdaq
AERO and HYPE tokens gained after the announced merger of Aerodrome and Velodrome into the Aero decentralized exchange with expansion to new networks.
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what happened
According to Stocktwits, the Aerodrome and Velodrome protocols are scheduled to combine into a single project called Aero. Alexander Cutler, CEO of Dromos Labs, the team behind both protocols, said the goal is to compete with the New York Stock Exchange and Nasdaq in spot trading. After the merger, Aero will expand to Ethereum mainnet, Arbitrum and Robinhood Chain.
Cutler said the two protocols generated $7.85 million in revenue over the past 30 days, all of it going to token holders. DeFiLlama data shows total value locked across the two exchanges at about $381 million, compared with more than $1 billion in late 2024. Over the past day, AERO rose more than 5% and HYPE gained over 4%.
why it matters
The story shows DeFi projects aiming at markets traditionally dominated by stock exchanges, though so far these are claims from the founder. Some Stocktwits users are worried the token could sell off after the announcement. Future price action will depend on how the merger is executed and whether the new platform attracts liquidity.
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instruments
sources
- Aerodrome-Velodrome Merger Targets NYSE, Nasdaq With Multichain Crypto Exchange Expansion — Stocktwits, 21 October 2026 at 09:08 UTC
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