DeFi explorer | Sustainable protocol advocate | Researching revenue-driven models in blockchain | Imperial
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Several emerging narratives are thriving on Base, but sometimes the best play is to accumulate the “picks and shovels”—projects that provide essential tooling and infrastructure for these ecosystems. As adoption and value surge, these foundational layers remain indispensable.
Here are 3 narratives I’m bullish on, along with their “picks and shovels” I’m accumulating for mid-to-long-term growth:
1. AI Agents: #VIRTUAL @virtuals_io
2. Meta-DEX: $AERO @aeroxyz
3. AI-Powered Autonomous Token Deployments: #CLANKER @_proxystudio
Accumulating these would give you exposure to all 3 narratives. Hard to go wrong with these.
Tip: Don’t just jump in. Time your entries and DCA to build position over time.
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launch date is set. october 21.
seven chains on day one. base, ethereum, op, arc, ink, arbitrum and robinhood.
aerodrome and velodrome's current chains are ~17% of EVM spot volume. this launch roughly triples that.
same protocol. three times the surface.
$AERO ✈️
Aero is set for takeoff 🛫
Launch date and details here:
aero.xyz/articles/aero-launc…
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we asked for 1 more chain (ETH mainnet)
$AERO is giving us 6 !
this is a new beginning. 🛫
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And there we go 🛫
$AERO
Aero is set for takeoff 🛫
Launch date and details here:
aero.xyz/articles/aero-launc…
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$AERO rise will be studied.
This guy is an ex Goldman tech banker
So much higher.
base:0x940181a94a35a4569e4529a3cdfb74e38fd98631
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worth noting this is aerodrome before the upgrades.
mainnet, arc, velodrome consolidation, predictive allocation, momentum fund.
each one either grows fees or shrinks float.
so the $AERO row is the base case, not the ceiling.
$AERO ✈️
Revenue-generating tokens are going to win in this cycle.
The biggest upside could come from protocols
that share their success with token holders.
10 revenue machines worth watching:
$STONK - @LaunchOnSF
$AERO - @aeroxyz
$PUMP - @Pumpfun
$RAY - @Raydium
$HYPE - @HyperliquidX
$UNI - @Uniswap
$LIT - @Lighter_xyz
$ASTER - @Aster_DEX
$PENDLE - @pendle_fi
$VVV - @AskVenice
The last column is annualized holders revenue as a % of market cap.
Higher % = more value flowing back relative to valuation, and potentially more upside.
Bookmark this one!
The numbers are worth watching.
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not a fan of this stage of the cycle where retail starts chasing a new flashy memecoin every week.
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interesting take. here’s the thing…
wrong question: how much $AERO is being printed.
right question: how much revenue does each dollar of emissions generate.
there are at least 4 factors pushing that ratio up in the near future:
1. gauge caps + predictive allocation make emissions productive
2. arc + eth mainnet raise the revenue ceiling without raising issuance. the arc angle is the big one. circle named aerodrome as liquidity infra on a chain built for stablecoins, fx and institutional settlement. blackrock, visa, mastercard, dtcc already there.
3. tokenized equities are a whole new asset class routing through base. aerodrome was the day-one venue. NVDAc, APPLEc, METAc, GOOGLc. each is a 1:1 claim on a real share. coinbase has said more tickers land in the coming weeks.
4. PGF buybacks help at the margin. single digits of weekly issuance today.
emissions get smarter. the revenue base gets wider.
that’s the whole thesis.
$AERO ✈️
Holy sh*t.
According to @DefiLlama, Aerodrome pays out $109M a year to its token holders, while the entire protocol is only valued at $481M.
That's more than a fifth of the market cap landing in holders' pockets every single year.
And they're growing fast. When Coinbase put Nvidia, Apple, Meta and Alphabet shares onchain, Aerodrome took roughly 25% of that market inside a week, now handling more than half of all trading volume on Base.
But of course, there's a catch. And it's one you need to be careful of if you're looking to buy and hold.
Blockworks counted $15.23M going to holders in Q2, while the dollar value of new $AERO issued over that same stretch often came in higher, meaning even though the protocol is earning nine figures a year, it can still shrink your slice while you hold it.
Locking is what fixes that. Protocol revenue goes to $veAERO, meaning anyone sitting on loose $AERO tokens is essentially handing their cut to stakers (which is why roughly half the supply is locked at an average of 3.8 years).
And none of this ends on Base. Aerodrome is now expanding onto Ethereum mainnet and Circle's new Arc chain, where it'll be going after the liquidity that currently lives on Uniswap.
Two things could mess up this trade:
1. Aerodrome could keep issuing more new $AERO each quarter than it pays out, which leaves lockers collecting a token that's being diluted faster than the protocol can pay them.
2. Uniswap could take the liquidity for the next wave of tokenized stocks, causing that $60M a year to stop growing.
Either way, our PRO analyst @BitcoinJesusETH thinks $AERO is a buy, and has started to build a position.
This is the same guy that called $SKY, $SOL, and $ETH, all before their recent 30%+ runs.
Don't miss his next entry, try Milk Road PRO for $1. Link below.
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the cumulative impact these buybacks will have over time is being overlooked big time.
$AERO is cheap rn ✈️
155K AERO Buyback ✈️
The Aerodrome PGF has acquired and max-locked 155K $AERO as part of its programmatic market-aware buyback model.
Nearly 200M $AERO has been bought back and locked to date via the PGF, Flight School, Relay and other efforts.
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HUGE: A machine went faster than humans, just like they did for several decades.
🚨HUGE: A Chinese robot just broke Usain Bolt's 17-year-old 100-meter world record in 9.32 seconds at the World Humanoid Robot Games in Beijing.
It then crashed into a safety mat at full speed after crossing the finish line and had to be carried off on a stretcher.
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The more experienced you get at investing, the more you begin to like bear markets over bull markets.
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FX flow = steady fees. not just memecoin churn.
another revenue stream feeding $AERO lockers.
global currencies are settling onchain.
aerodrome is the trading floor.
$AERO ✈️
Over the last year, Aerodrome has ascended to become the #1 place to trade FX onchain.
Nearly tripling its quarterly FX volumes since January 2025.
The world is coming onchain.
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