Aerodrome Finance is a token. It has no blockchain of its own and no consensus of its own — it rents both from the chain it is issued on, which is why it is listed separately from the cryptocurrencies.
| CoinSpectrum Grade | B · 58/100 · provisional, C to A |
|---|---|
| Type | Token |
| Class | DEX |
| Backing | Non-backed |
| Market capitalisation | $158M |
| Price | $0.5371 |
| Circulating supply | 294,494,840 AERO |
| Issued on | 1 chain |
Market data rebuilt every six hours; this build 10 November 2026. Live prices on the ranking.
B — 58 out of 100, provisional (from 7 of 10 criteria, 10 November 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 41 to 71 (C to A).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms | 1.8 | group average, 1 of 2 measured |
| Host chain | — | Issued on base, not a graded chain (a layer 2 or a platform without its own grade) |
| Asset class (below every coin family) | 1.8 | Tokens: below every native coin family on the consensus ladders, 0.9 of 10 by largest asset and 2.7 by combined market cap |
| Network security | 0 | No network of its own: secured by its host chain, scored above |
| Decentralisation | 7.6 | group average, 3 of 4 measured |
| Minting and supply (who can mint more) | 5.4 | Minter emits on a fixed schedule; since ~epoch 67 the Aero Fed (veAERO majority vote via automated epochGovernor) sets the rate within 0.01-1%/week. A 4-of-7 Safe can only set the team rate within a hard cap.; no fixed maximum supply source |
| Premine (pre-issued at launch) | 7.5 | 24.9% of supply pre-issued at launch. 500M genesis mint of ~2,007M current supply; the rest is weekly LP emissions. source |
| Fundraising | 10 | No sale, no investor allocation source |
| Holder concentration | — | Not yet measured |
| Supply & Demand | 8 | group average |
| Supply (21 million scores 10) | 8.9 | no fixed maximum; 294 million in circulation |
| Demand (7 measures) | 7 | average of 5 measures |
| Exchanges (10 or more: 10) | – | exchanges not yet counted |
| Daily volume ($10K 0, $1B or more 10) | 6 | $10,312,838 traded in 24 hours; #133 by volume on the exchanges the site reads (scored on the median day of the last 15, $10,377,330) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 8.4 | 2.5% of its market cap a day, median of the last 16 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 9.8 | $1,331,827 within 2% of the price on 8 exchanges, 0.84% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 5.5 | $158M, 5.5 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 5.1 | futures, options and margin positions 24% of its market cap |
| Wallet support (wallets that hold it, 10 or more: 10) | – | not yet counted: no wallet in the directory lists it |
| Conduct (origin, claims, halts) | — | Not yet reviewed |
Ten criteria, weighted equally — for a token, the host chain replaces the developer share, the asset class stands in for the consensus ladders, and who can mint more for the Cryptocurrency Standards. Provisional: criteria marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
| Pre-issued at launch | 24.9% of supply |
|---|---|
| To team, investors and treasury | 19% of supply |
| Sold to the public or to investors | 0% of supply |
| Who can mint more | New tokens only through token-holder governance |
| Fundraising | No sale and no investor round |
500M genesis mint of ~2,007M current supply; the rest is weekly LP emissions.
Blockworks filing: no prior fundraising, OTC or discounted MM sales; no organisation has sold tokens.
Minter emits on a fixed schedule; since ~epoch 67 the Aero Fed (veAERO majority vote via automated epochGovernor) sets the rate within 0.01-1%/week. A 4-of-7 Safe can only set the team rate within a hard cap.
Older sources split the 95M as team plus protocol grants; Blockworks labels it Foundation.
Sources: blockworks.com · bitrue.com · defillama.com. Researched 2026-10-23, high confidence.
It is issued on one chain. Linked names are chains that are themselves cryptocurrencies with a page here.
CoinSpectrum counts an asset once. A token has neither its own blockchain nor its own consensus mechanism, so it fails both of the site's two conditions — it is a thing issued on a chain, and the chain is what is counted. The methodology states the rule, and the argument for it is set out in full.
Listed, not hidden. The point is that it is measured as what it is.