Aerodrome ($AERO) still looks insanely attractive here.
Key stats right now:
$1.5M rewards last epoch → **78M annualized** fees flowing to veAERO holders
~50% of supply max-locked (insane alignment, low sell pressure, ~3.7yr avg lock)
Market Cap: ~$364-368M | Price: ~$0.39-0.40
TVL: ~$373-375M | FDV ~$732-737M
That means ~21-25% APY in real fees for lockers (plus bribes + rebases to fight dilution). P/Fees ratio ~4-5x — dirt cheap for a dominant ve(3,3) DEX printing this much revenue on a growing chain like Base.
Flywheel is spinning hard: fees → lockers → votes → emissions to top pools → more volume → more fees.
In Q2 AERO will be multichain. Higher
