Velodrome Finance
Current price
$0.0363
−6.97%24h
LiveUpdated 30s ago
TodayVelodrome Finance drops 7.0%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.58%
- 24 hours−6.97%
- 7 days+7.02%
- 30 days+53.22%
- 1 year+6.01%
Velodrome Finance's move in context
Lagging the market today
−6.97% today against −3.27% for the market as a whole, a gap of 3.7 points. A gap this wide suggests something specific to Velodrome Finance may be moving it, not just the market mood.
Part of a climb
+7.0% over 7 days and +53.2% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Velodrome Finance
Velodrome Finance (VELO) Cryptocurrency Overview
Overview
Velodrome Finance (VELO) is a decentralized exchange (DEX) operating on the Optimism Layer 2 network. Designed as a public-good liquidity hub, it combines features from Curve, Convex, and Uniswap to offer efficient token swapping and deep liquidity for the Optimism ecosystem.
Technology and Blockchain Design
Velodrome employs an automated market maker (AMM) model enhanced with vote-escrowed governance and concentrated liquidity. Users lock VELO tokens to receive veVELO—a governance NFT representing voting power over emission allocations. veVELO holders direct liquidity incentives to selected pools and reap 100% of fees and emissions tied to those pools.
Use Cases and Purpose
Facilitates low-slippage token swaps on Optimism.
Supports liquidity providers by allocating VELO emissions based on pool votes.
Encourages long-term commitment through veVELO locks, aligning incentives with ecosystem sustainability.
Allows protocols to influence liquidity allocation through bribes offered to veVELO voters.
Ecosystem and Development
Launched in June 2022, Velodrome Finance gained prominence as Optimism’s leading DEX by Total Value Locked (TVL). Its V2 upgrade, introduced in June 2023, added concentrated liquidity, dynamic fees, and improved architecture while maintaining an immutable governance model. The platform enjoys strong integration with the broader Optimism ecosystem, including support from the Optimism community and ecosystem fund.
Background and Vision
Velodrome was built to bring a Solidly-inspired liquidity model to the Optimism network, emphasizing public-good design and community governance. By merging ve(3,3) mechanics with decentralized AMM functionality, it aims to serve as the foundational trading infrastructure for the Superchain.
Conclusion
Velodrome Finance (VELO) is a prominent AMM-based liquidity protocol on Optimism that incentivizes long-term participation through veNFT governance and fee-sharing. With its innovative emission control and integration into the Optimism ecosystem, it serves as a core liquidity layer. Users should refer to the official documentation for technical specifications, governance mechanisms, and up-to-date metrics.
Velodrome Finance market
- Position by market cap among the coins we track.
- #233
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $49.13M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.0362High $0.0400
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $0.2525
- Now 14% of itReached 24 Feb 2023 · Needs +596% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 1.35B VELO
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 2.17B VELO
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
Velodrome Finance converter
1 Velodrome Finance = $0.0363
