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The only reason aerodrome-finance:native didn’t see a disruption as big as $HYPE comes down to value accrual.
$AERO pays holders based on price, but bundles in inflation and dilution along the way.
Too complicated for the average investor, especially with the ve-ptsd still lingering. And the PA hasn’t helped.
The multichain transition makes it harder: it needs a higher emission value to pull old, sticky pools over. So the PA has to improve a lot to beat and take over the new chains without bleeding out Base.
July isn’t far anymore so chances of sucess will be seen in PA in the next weeks