Published Oct 20, 2026, 12:29 AM ET · Updated 25 days ago · 1 source
AERO merger is not automatically bullish; fee/revenue decline must reverse for author to add exposure
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Original Report
The Aero merger and MEV internalization could improve economics, but with 30D fees down 33.3% and revenue down 45.1% despite volume growth, the author will only add AERO exposure if fee generation reverses while volume holds post-migration.