Aerodrome captures over 79% of tokenized stocks volume on Base

If you wanted to trade tokenized Nvidia or Apple shares on Base last week, odds are you did it on Aerodrome. The decentralized exchange captured over 79% of all tokenized stock trading volume on Coinbase’s layer-2 blockchain, cementing its position as the de facto marketplace for a new class of on-chain equities. The numbers behind the dominance Coinbase-issued tokenized US equities, which went live on Base on August 24, have seen remarkable traction since launch. Cumulative DEX volume hit approximately $94.6M in just the first week and scaled to roughly $227.7M within the first 30 days, with daily peaks approaching $30M. Aerodrome has been the primary beneficiary. Over the 30-day window, the exchange accounted for about 77% of total volume, translating to roughly $176M in trades. At certain shorter intervals, its share climbed even higher, reaching as much as 97.5%. The AERO governance token responded accordingly, rising approximately 11% to around $0.53 following the tokenized stocks launch. What exactly are these tokenized stocks Each token, whether it’s NVDAc (Nvidia), AAPLc (Apple), METAc (Meta), or GOOGLc (Alphabet/Google), is backed 1:1 by actual shares held in regulated cus...