Aerodrome Airdrop Suspensions

The team behind Aerodrome, a decentralized exchange on Base, has suspended two contributors from participating in the airdrop for VVV, the token linked to Erik Voorhees’s privacy-focused AI project Venice.

The suspension follows an internal investigation triggered by an unusual percentage of trading activity around the VVV launch, which was flagged in under 30 minutes. Aerodrome stated that this investigation led to the prompt suspension of the two contributors within three hours of the launch, emphasizing that further actions will be taken as necessary.

Voorhees, in response to Aerodrome’s communication, praised their transparency on the matter, acknowledging their timely outreach when the suspicious activity was detected.

On January 27, Venice officially launched VVV on the Coinbase-incubated Ethereum Layer 2 network Base. A public liquidity pool on Aerodrome holds half of the 100 million tokens launched, targeted at Venice users and web3 AI projects based on Base, as previously reported by The Block.

According to the crypto data tracker DeFiLlama, Aerodrome possesses the majority of the total value locked (TVL) on Base, standing at $1.04 billion as of January 28. Additionally, The Block’s Data Dashboard indicates that Aerodrome accounted for approximately $29.1 billion, or nearly 9%, of the total DEX spot volume in December.