Aero combines the Velodrome and Aerodrome DEXs into a single liquidity hub built on MetaDEX03. It aims to streamline cross-chain trading and enhance value capture through various new revenue streams, all under a unified AERO token. The launch is set for Q2 2026.

This article outlines the expected revenue from HIP-3, predicting $60 million in trading fees and $16 million in auction revenue in its first year. It highlights the introduction of permissionless perpetual markets and the potential for liquidity-as-a-service on Hyperliquid. The piece also addresses the challenges of equity perps in the current market.