Market data showed AERO trading at $0.89, up 25.5% over the past 24 hours, while VELODROME changed hands at $0.038, up 22.1% in the same period. The price move came after an earlier update on the planned merger between Aerodrome and Velodrome.
Under that plan, the two protocols will combine on Oct. 21 into a unified cross-chain DEX called Aero. The platform is slated to cover Base, Ethereum mainnet, OP, Arc, and Ink, while also adding Robinhood Chain and Arbitrum. The token structure will also change, with AERO and VELO set to merge into a single AERO token.
The previously disclosed revenue split allocated about 94.5% to AERO holders and 5.5% to VELO holders. The community and trading platform are also set to migrate to Aero, according to the prior announcement cited by Odaily.
According to market data cited by Odaily, AERO was trading at $0.89, up 25.5% over the past 24 hours. VELODROME was quoted at $0.038, up 22.1% during the same period.
Aerodrome and Velodrome merger set for Oct. 21
An earlier update said Aerodrome and Velodrome will merge on Oct. 21 into a unified cross-chain DEX called Aero. The combined platform will cover Base, Ethereum mainnet, OP, Arc, and Ink, and will also add Robinhood Chain and Arbitrum.
Token consolidation and platform migration
Under the disclosed plan, AERO and VELO will be combined into a single AERO token. The previously stated revenue allocation sent about 94.5% to AERO holders and 5.5% to VELO holders. The community and trading platform will also migrate to Aero.
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