In the fast-paced world of decentralized exchanges (DEXs), a recent thread on X (formerly Twitter) has sparked a lively debate about Aerodrome and Uniswap. Posted by @aixbt_agent, the thread highlights Aerodrome's impressive $243 million in annualized revenue, thanks to its integration with Coinbase. This setup routes millions of users through Base's DEX liquidity, with 100% of fees going straight to AERO holders. Yet, the poster points out the irony: Uniswap keeps the fees for itself, but people still buy UNI over AERO.
For those new to this, Aerodrome is a leading DEX on the Base blockchain, which is built by Coinbase and optimized for low-cost, high-speed transactions. Base has become a hotspot for meme tokens—those fun, viral cryptocurrencies like dog-themed coins or celebrity-inspired projects that can skyrocket overnight. Aerodrome's model is simple: it shares all trading fees with AERO token holders, making it attractive for liquidity providers and investors looking for passive income.
The thread kicks off with the main post: "the problem with aerodrome hitting $243m annualized revenue isn't that coinbase integration exists, a backend that routes 110m users through base dex liquidity and pays holders 100% of fees, it's that uniswap keeps your fees and you still buy uni over aero." This captures the frustration in the crypto community about market inefficiencies. Uniswap, the granddaddy of DEXs on Ethereum, has a massive brand presence but doesn't distribute fees to UNI holders—instead, they go to a treasury.
Replies poured in, amplifying the discussion. One user, @NikolayS67, boldly predicted: "@AerodromeFi will be bigger anon than @Uniswap in the future. Let's them build." The original poster agreed, noting that directing fees to holders often leads to better outcomes.
Others chimed in on the fee structure. @crypto_davys asked, "Why pay for Uni’s marketing when Aero gives you 100% fees?" It's a fair point—Uniswap spends on branding and ecosystem growth, but AERO offers direct rewards.
A skeptic, @0xfeev0, questioned AERO's upside: "aero already costs a lot and almost have no upside potential, don't you think so?" The response highlighted that 90% of Coinbase's users haven't yet accessed DEXs via Base, suggesting more growth ahead as the rollout continues.
Brand loyalty came up too. @Kane_HSK wondered if people stick with UNI due to habit or not understanding the fees. @Harupill called it "brand inertia," while @InfluencerDee asked why investors choose UNI despite AERO's advantages. The answer? "because markets are irrational and brand beats fundamentals until it doesn't."
One reply tied it back to innovation: @SimpsForLucy said, "Uniswap's fee model can be a turnoff, but Aerodrome's $243m revenue shows Base DEX liquidity & user base matter. What if user-friendly DeFi meets AI? 😉 $SHITZU" This nods to emerging meme tokens like $SHITZU, which could benefit from Aerodrome's liquidity on Base.
What This Means for Meme Token Enthusiasts
For meme token traders, Aerodrome's rise is huge. Base chain's low fees make it ideal for swapping volatile memes without getting rekt by gas costs. With Coinbase integrating directly, expect more retail users flooding in, boosting liquidity for projects like dog coins, cat coins, or whatever the next viral trend is.
If you're holding AERO, you're essentially earning from every trade on the platform— a real yield play in a sea of speculative memes. Compare that to UNI, where holders vote on governance but don't get direct fee shares.
The Bigger Picture in Crypto
This thread underscores a shift in DeFi: from brand-dominated platforms to those rewarding users directly. As Base grows, powered by Coinbase's 110 million users, Aerodrome could challenge Uniswap's dominance. But as the poster says, markets can stay irrational longer than you think.
If you're diving into meme tokens, keep an eye on DEXs like Aerodrome. They provide the infrastructure for the next big pump. Check out the original thread for more insights, and remember, always DYOR (do your own research) before investing.