Aerodrome Slipstream leads euro stablecoin trading with nearly $10B in monthly volume

Aerodrome Slipstream, the concentrated liquidity module of the largest decentralized exchange on Base, processed $9.996 billion in euro stablecoin spot trading volume over the past 30 days. That puts it ahead of both Uniswap V3 and Orca Whirlpools, two platforms that most people would have guessed were running the table on stablecoin FX. The numbers behind Aerodrome’s euro stablecoin dominance Aerodrome’s total value locked sits at roughly $128 million. The platform generated $3.83 million in fees over the same 30-day window, translating to $2.9 million in revenue directed to veAERO token holders. The platform now handles between 50% and 60% of all DEX volume on Base. Its cumulative trading volume since launch has surpassed $394 billion. The key euro stablecoins fueling this volume are EURC, issued by Circle, and EURe from Monerium. Both have gained traction as MiCA-compliant assets, which matters for European traders and institutions that need regulatory clarity before touching an on-chain product. Why Slipstream works for stablecoins Aerodrome launched on Base in August 2023 as the chain’s primary liquidity layer. The Slipstream module came later in 2024, introducing concentrated...