Aerodrome vs PancakeSwap

Aerodrome3.2/5

VS

PancakeSwap4.0/5

Feature	AerodromeVisit	PancakeSwapVisit
Ratings
Our score	3.2/5	4.0/5
User rating	No reviews yet	No reviews yet
Liquidity & pricing	4.5	4.5
Fees	3.0	3.5
Security	3.0	3.5
Ease of use	3.5	4.0
Chain coverage	2.0	5.0
Specs
KYC required	Not disclosed	No
Type	AMM	AMM
Chains	Base, Other	BNB Chain, Ethereum, Aptos, Base, Arbitrum
Swap fee	Not disclosed	Fees vary by product and pool.
Cross-chain swaps	Not disclosed	Yes
Audited	Yes	Yes
Open source	Not disclosed	Yes
Governance token	AERO	CAKE
Perpetual futures	Not disclosed	Yes
Points or rewards program	Yes	Yes
Company
Founded	2023	2020
Headquarters	—	Japan
Investors	Not disclosed	YZi Labs
Strengths and weaknesses
Pros	$232.6 million TVL on Base as of October 16, 2026 Concentrated-liquidity pools through Slipstream veAERO holders direct weekly liquidity emissions MixBytes audit recorded for 2025	Available across 11+ blockchain networks Non-custodial wallet-based access without KYC Open-source contracts with audits from six security firms About $1.56B locked as of October 17, 2026
Cons	Currently focused on Base before the planned merger AMM trades carry slippage and impermanent-loss risk AERO rewards depend on governance emissions November 2025 DNS attack redirected visitors to a malicious frontend	Permissionless listings increase counterfeit-token and smart-contract risk Swap fees vary by product, pool and fee tier AMM trades remain exposed to slippage and MEV Cross-chain products add bridge and message-passing risk
Best for	Base token traders, Concentrated-liquidity providers, veAERO governance participants	Multichain spot traders, BNB Chain liquidity providers, CAKE staking users

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.

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