Wilson retweeted
One of the few cases where we are not scared at all by "buy the rumor sell the news" -- the news in this case is going to be an insane amount of new volume/revenue for the better product once it is live cross-chain
Very long base:0x940181a94a35a4569e4529a3cdfb74e38fd98631
Since September the $AERO share of spot RWA volume (green) has been inching closer and closer to parity with the $UNI share (blue). ty @Blockworks for graph
This is before they deploy on mainnet, RH chain, Arbitrum, Elysium (?👀?) etc...
Not extremely hard to see where this trend is heading.
Wilson retweeted
Tokenized stocks marketshare on @aeroxyz going absolutely parabolic in the last month.
Approaching 40% of all spot activity for stocks across @ethereum.
And they've only begun to rollout their stock offering.
Wilson retweeted
Nine days after Arc went live on mainnet, @aeroxyz announced its expansion to Robinhood Chain and Arbitrum.
It's the right move to go where the volume already is rather than wait for it to arrive.
Staying on Optimism alone was never going to be enough, which is why the merge with Velodrome happened in the first place.
Right now only a handful of chains are actually pulling volume, and Robinhood Chain and Arbitrum are both on my list.
Here are some numbers to gauge the fees that could flow to $AERO lockers if Aero captures 30% of the market share on each major chain.
More flow means more fees, more buying, more AERO locked and less left in circulation.
I’ve been an $AERO enjoyer for a while now.
It finally seems to be getting its moment in the sun again, but short-term pumps and people yelling on twitter can distort the timeline’s view of what’s actually happening here. I hope this post helps some people look beyond the last 24hrs of green candles and see the larger picture.
Facts:
-Aerodrome is the leading DEX on Base. Its sister protocol, Velodrome, built the same model on Optimism.
-The model is different from most DEXs: ALL protocol revenue flows back to participants in the ecosystem rather than simply accumulating to a company or treasury.
And wherever the “dromes” have operated, they’ve dominated. There isn't a better word to describe their performance where they operate. Currently:
-Aerodrome: 61% of Base DEX volume
-Velodrome: 56% of Optimism DEX volume
On Oct. 21, that same model expands to Ethereum Mainnet, Robinhood Chain, Arbitrum and several others.
Let’s NOT assume they repeat 50-60% market share. Let's cut it in half... Assume 30%.
Here’s the size of the pie today:
Ethereum
~$41.2B/month of DEX volume
30% share = ~$12.4B/month through AERO
≈ $183M/year in gross fees
Robinhood Chain
~$52.1B/month
30% = ~$15.6B/month
≈ $231M/year in gross fees
Arbitrum
~$6.2B/month
30% = ~$1.85B/month
≈ $27M/year in gross fees
Combined:
~$358B/year of additional AERO-routed volume
~$441M/year of gross fees (again, this is ALL passed to aero token lockers)
No assumption that tokenized stocks explode. No assumption that more of global finance moves onchain.
-No bull-market volume expansion.
-No Arc (I'm unsure what this one will become.. could be big, might be noting).
-No Ink (also unsure what this can become).
Currently, the existing Base/OP business
generates roughly $17.5m per month in fees.
At 30% share, Ethereum alone would add roughly that much again.
Robinhood Chain alone would add even more.
Do I think Aero will do better than 30% on these chains? Probably yes. But it doesn't need to, the pie is big enough already.
Good job on coms the last couple of weeks by the team. I know they've been dragged heavily on twitter since Novembers incredibly impressive event... now it's time to have a smooth launch and gobble up some market share.
Rock n roll.
Wilson retweeted
This guy is an ex Goldman tech banker
So much higher.
base:0x940181a94a35a4569e4529a3cdfb74e38fd98631
Wilson retweeted
Tokenization is accelerating and deeply liquid onchain spot markets will be critical to disrupting TradFi.
Derivatives allow folks to speculate after-hours, but within limits -- they need to derive from something.
Spot markets, with real assets, will change everything.
Wilson retweeted
Chart of the week is this one. Not $BTC
Humans are the minority user of AI
Agents burn nearly 5x the tokens people do, up 14x since February
Charts of the Week: a16z.news/p/charts-of-the-we…
Wilson retweeted
crypto has earned a lot of the shit it gets.
But man, the tech.
We have an open, programmable financial system. anyone, anywhere can use it to design markets, incentives, even entire economies.
All without needing to ask for permission.
Revolutionary stuff, tbh.
Wilson retweeted
Crypto has never looked this good.
- BTC reached institutional adoption and is now going through a healthy cleanup phase.
- Overinflated projects are heading to zero. At this point, everyone knows who's farming their token and who's actually trying to build around it.
- Memecoins are no longer the center of attention, and the "who cares about utility?" crowd isn't dominating the conversation anymore.
- Real projects are still gaining momentum despite the broader market slowdown.
- You can scroll your timeline and actually find quality articles, research, and thoughtful content, especially if you've spent time filtering and muting the noise.
- The biggest extractors have either disappeared or are busy doomposting about how "crypto has never been this bad."
The industry feels a lot healthier when easy money disappears.
Wilson retweeted
Aerodrome has managed to capture 10% of all onchain volumes on just one chain, @base.
Imagine what happens when Aero hits mainnet. 🛫
Wilson retweeted
uniswap took 5 years and a governance war to route a sliver of fees into a buyback. aerodrome shipped 100% to holders from DAY ONE
$AERO does 38% of uni’s volume, sends 100% of swap fees straight to veAERO lockers, and prints $134m annualized on a $467m cap. uni diverts maybe 1/6th of its fees to a burn jar and still trades at 61.9x P/S vs AERO’s 8.5x.
value accrual is the whole 2026 meta. AERO isn’t pivoting to it. it is it. the re-rate just hasn’t shown up on the chart yet.
$5 for AERO
AERO does 38% of uniswap's volume, distributes 100% of swap fees to veAERO holders, generates $4.2m/month in revenue, and trades at 8.5x P/S. uniswap trades at 61.9x. standard chartered just put a DCF model on UNI which means someone in tradfi will eventually run the same spreadsheet on AERO and have an uncomfortable conversation with their risk desk. ethereum mainnet launch scheduled before july 6, predictive allocation replacing governance voting with prediction markets for liquidity routing. $134m in annualized fees, $467m market cap. i'm a few trading levels above you if you need me to explain why that ratio is mispriced
Wilson retweeted
Aerodrome was the number one trading protocol on Base. Now it's coming to Ethereum mainnet.
Robbie breaks down the three tailwinds setting up the trade:
- Ethereum is rising and lifting every DeFi protocol with it
- Uniswap's market share on Ethereum mainnet is up for grabs
- Coinbase just announced tokenized equities
"Liquidity will flow to the most capital efficient place to trade. Aerodrome proved that on Base."
"I believe Aerodrome is going to drive significant market share. I have a position and I'm bullish."
Wilson retweeted
There is $503M of solana:HzwqbKZw8HxMN6bF2yFZNrht3c2iXXzpKcFu7uBEDKtr in existence across every chain. $358M sits on Ethereum and $74M sits on Base.
@aeroxyz trades $426M of it every month. That's 5× less supply and 4× more volume than its competitors on eth.
One DEX has proved it can make EURC move.
Wilson retweeted
If you are early 20s with $10K to invest, don't try to gamble your way to millions
Spend that $10K on a 3 month Eurosummer trip instead.
Stay in hostels. Friend-maxx. Adventure maxx.
Romance strangers from strange lands.
Bank priceless stories, gain confidence.
Spend 20% of your time alone, building a beautiful vision for your future in which you decide exactly what you want.
Set ambitious goals. Map the path to achieve them.
Read great books.
And return to your homeland as a conqueror with life experience, new skills, and a mission.
This will be the greatest $10K you ever invest.
Wilson retweeted
Tokens that don't redirect value back to holders are worse than fiat.
It's literally like a sports team selling you their jersey and making you think you have stake in the franchise.
If we're going to bring crypto back,
The grift needs to end.
Make fundamentals great again.
Wilson retweeted
Soon, the concept of a "stock exchange" will not need to exist. The stocks will not be stocks and the exchanges will not be exchanges. Equity in companies will simply be cryptographic claims recorded in smart contract storage on public blockchains The exchanges will be smart contracts against which users swap their equity. The average person is missing the revolution that is taking place. You will hold tokens and interact with a predetermined, immutable set of logic inside of smart contracts. No humans. No broker. No "equity".