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  "raw_markdown_url": "https://finwiki.zksc.io/exchanges/native-dex-flip-incumbent-pattern.md",
  "domain": "exchanges",
  "title": "L2 原生 DEX による incumbent 逆転パターン",
  "entry_type": "wiki_entry",
  "frontmatter": {
    "title": "L2 原生 DEX による incumbent 逆転パターン",
    "aliases": [
      "Aerodrome flip Uniswap",
      "native DEX flip",
      "L2 incumbent flip pattern",
      "ve33 host alignment flip"
    ],
    "domain": "exchanges",
    "type": null,
    "created": "2026-05-16",
    "last_updated": "2026-05-26",
    "last_tended": "2026-06-24",
    "review_by": "2026-09-22",
    "confidence": "likely",
    "tags": [
      "fintech",
      "defi",
      "dex",
      "l2",
      "aerodrome",
      "uniswap",
      "base",
      "ve33"
    ],
    "status": "active",
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    "related": [],
    "note": null,
    "sources": [
      "https://github.com/aerodrome-finance/contracts/blob/main/SPECIFICATION.md",
      "https://www.coinbase.com/blog/coinbase-wrapped-btc-cbbtc-is-now-live",
      "https://github.com/Uniswap/v3-core"
    ]
  },
  "summary": "This entry sits under exchanges index. Read it with FSA 暗号資産交換業登録制度 — 番号体系・財務局管轄・登録要件 for adjacent context and 日本金融規制 — トークン・暗号資産・決済に関する法体系 for the broader system boundary.",
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    "L2 原生 DEX による incumbent 逆転パターン",
    "Wiki route",
    "Sources",
    "Related"
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      "exchanges/ve33-governance-mechanism",
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      "https://finwiki.zksc.io/ja/fintech/stablecoin-revenue-split-economics/",
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