Aerodrome Finance (AERO)

$AERO is approaching the first major resistance.

That doesn’t mean it’s time to turn bearish.

It means the market is about to reveal whether buyers are strong enough to keep the trend alive.

A clean break above $0.55 opens the door toward the next liquidity zone around $1.57.

If momentum remains intact,

the previous major distribution near $2.20 becomes the next obvious objective.

One level at a time.

The first breakout matters the most.

If bulls reclaim it with conviction,

this structure could accelerate much faster than most expect.

Revenue is finally starting to matter.

This table from @DefiLlama compares protocols with growing revenue over the last 30 days with their token performance across the last 30 and 90 days.

Ninety days ago, Bitcoin was trading around $65k and is down roughly 10%. In a market where crypto (and especially DeFi) has struggled, outperforming BTC is difficult.

Some familiar names in the list:

> @HyperliquidX
> @Morpho
> @maplefinance

Another interesting takeaway comes from Price-to-Fees multiples.

Perp DEXs trade at higher multiples, reflecting expectations of stronger future growth. Meanwhile, money markets and DEXs trade lower, suggesting the market expects less from them. Interesting.

Could this be an opportunity? I'm betting on DEXs, with AERO as my pick.