- #6629
Velodrome Finance VELO
VELO Price
Market Cap
--Rank #6629FDV
$279.37 MRank #3041Investors
Twitter Followers
Twitter Performance
945Rank by Twitter #1090- 0
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Detailed Performance
VELO shows Bullish signs against top cryptocurrencies, leading categories and blockchains over various time periods
VELO to USD Converter
Price History
- All-Time High
- $0.38132.10x to ATH
- All-Time Low
- $0.0055732.53x to ATL
- Trade Launch Date
- 3 Jun, 2022
686 days ago
Exchanges
Exchanges type
About VELO
Velodrome Finance is a decentralized exchange protocol that aims to be the liquidity hub of the Optimism ecosystem. It is an Automated Market Maker (AMM) modeled on Solidity and designed to provide deep liquidity and low slippage for token pairs critical to the growth of the Optimism ecosystem. Velodrome rewards liquidity providers and active governance participants through its native token called VELO. It has undergone a protocol overhaul known as Velodrome V2, which is expected to reshape the future of decentralized exchanges.
What makes Velodrome Finance unique?
Velodrome Finance stands out from other cryptocurrencies and decentralized exchanges (DEXs) in several ways. First, it aims to become the liquidity hub of the Optimism ecosystem, which is a layer 2 scaling solution for Ethereum. This focus on Optimism sets Velodrome apart as it positions itself to benefit from the growth and development of this specific ecosystem.
Second, Velodrome Finance has undergone a protocol overhaul called Velodrome V2. This update is expected to reshape the future of decentralized exchanges by introducing new features and improvements. This commitment to innovation and continuous improvement sets Velodrome apart from other cryptocurrencies and DEXs that may not prioritize such upgrades.
Additionally, Velodrome Finance has achieved significant milestones in a relatively short period. It has attracted over $150M in Total Value Locked (TVL), making it the project with the highest TVL on Optimism and the most on any Ethereum Layer 2 DEX. This growth is supported by strong fundamentals, including declining emissions and incentives, as well as increasing fees and usage.
Overall, Velodrome Finance stands out for its focus on the Optimism ecosystem, its commitment to innovation and improvement through protocol overhauls, and its impressive growth and achievements within the decentralized finance space.
Live Velodrome Finance Price Data
The current price of Velodrome Finance (VELO) is approximately $0.1812, reflecting a decrease of -3.37% in the last 24 hours. The VELO trading volume in the last 24 hours stands at $5.26 million.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Velodrome Finance's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on VELO, check out our crypto insights page.
Official Links
VELO to USD Converter
Price History
- All-Time High
- $0.38132.10x to ATH
- All-Time Low
- $0.0055732.53x to ATL
- Trade Launch Date
- 3 Jun, 2022
686 days ago