Dromos Labs is preparing to unveil Aero, a unified DEX that will merge its existing Aerodrome and Velodrome protocols under a single operating system, and take direct aim at incumbents like Uniswap and Curve. “One of the most important stories next year is going to be: who owns the exchange layer?” Cutler said. Cutler publicly criticized the move, arguing it weakens Uniswap’s relationship with liquidity providers, the core engine of any DEX. Until now, Dromos Labs’ competitiveness has largely been confined to layer-2 networks. While Aero is designed to serve retail users chasing liquidity across networks, Dromos Labs is also building with institutional adoption in mind.