People are thinking way too small re how big DEXs can be because the market leader for much of their history (Uniswap) has delivered zero value to token holders and knee capped valuations for the whole vertical in the process.
Just like how perp DEXs only re-rated when Hyperliquid came around and showed how big the opportunity is, spot DEXs need the same thing.
Aerodrome will do for spot DEX valuations what Hyperliquid did for perp DEXs. Thinking about $AERO's valuation potential as a % of $UNI is the same like those who thought about $HYPE in the context of $DYDX.
Do you think CB Ventures made an 8 figure investment in $AERO on the open market for no reason?
24.05K
69
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.