Aerodrome’s native token AERO surged roughly 19%, becoming one of the market’s top daily gainers. The protocol saw its TVL expand from $247.96 million to $271.16 million, while decentralized trading volume reached $663 million with $2.53 million in fees over seven days. Despite positive activity metrics, Aerodrome reported a quarterly loss of $6.78 million in Q3 2026, its largest deficit since Q3 2025. The perpetual funding rate stood positive at 0.0066% with a long/short ratio of 1.035, indicating bullish positioning among traders on Binance and OKX, though rising leverage increased downside risk if momentum reversed. The core tension centers on the divergence between growing adoption, with 72% of daily active users being new, and deteriorating profitability, challenging AERO’s valuation after its recent surge.
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