Velodrome Finance
ATH / ATL
24h Price
24h summary
Over the last 24 hours, Velodrome Finance moved from $0.01835 to $0.01798. The session high was $0.01875, the low was $0.01755, and the intraday range was $0.0012 / 6.5%.
- 24h open
- $0.01835
- 24h close
- $0.01798
- 24h high
- $0.01875
- 24h low
- $0.01755
- Volatility / range
- $0.0012 / 6.5%
- Updated
Monthly Returns heatmap
Heatmap summary
Velodrome Finance posted 6 positive months out of 20. The longest positive streak lasted 2 months, while the longest negative streak lasted 7 months.
- Strongest month
- Apr 2026 +22.6%
- Weakest month
- Jan 2025 -44.5%
- Longest positive streak
- 2 Jul 2025 — Aug 2025
- Longest negative streak
- 7 Sep 2025 — Mar 2026
- Luckiest calendar month
- Apr • avg 9.4% • 2 mo.
- Unluckiest calendar month
- Nov • avg -27.2% • 1 mo.
Networks
Supported exchanges
About the coin
Velodrome Finance is a decentralized exchange (DEX) operating on the Optimism network. It is built as a fork of the Solidly protocol, aiming to provide an efficient and innovative trading experience for users.
The core functionality of Velodrome Finance revolves around its liquidity provision and token incentivization mechanisms. It allows users to deposit their crypto assets into liquidity pools and earn trading fees and VELO token rewards.
VELO is the native utility and governance token of the Velodrome Finance ecosystem. It plays a crucial role in the platform's operations, including rewarding liquidity providers and enabling token holders to participate in decision-making processes.
As a decentralized exchange, Velodrome Finance facilitates peer-to-peer trading of various digital assets. Users can swap tokens directly from their wallets without the need for intermediaries, ensuring greater control over their funds.
The platform utilizes an Automated Market Maker (AMM) model, where liquidity pools determine asset prices based on algorithms rather than traditional order books.
Velodrome Finance is deployed on the Optimism network, a Layer 2 scaling solution for Ethereum. This choice of blockchain aims to offer users faster transaction speeds and lower fees compared to transacting directly on the Ethereum mainnet.
The token standard used for VELO on the Optimism chain is ERC-20, a widely adopted standard for fungible tokens on Ethereum-compatible blockchains.
Liquidity providers on Velodrome Finance can earn rewards in several ways:
- Trading fees generated from the pools they contribute to.
- Incentives distributed in VELO tokens for supplying liquidity.
The VELO token is integral to the governance of Velodrome Finance. Token holders can stake their VELO to vote on various proposals, influencing the future development and parameters of the protocol.
This governance mechanism ensures that the community has a say in the platform's direction, fostering a decentralized and community-driven environment.
Velodrome Finance also supports the concept of veVELO (vote-escrowed VELO). Users can lock their VELO tokens for a certain period to receive veVELO, which grants them enhanced voting power and a share of the protocol's revenue.
The platform's design encourages strategic engagement from liquidity providers and token holders, aiming to create a robust and sustainable decentralized finance ecosystem.
The contract address for the VELO token on the Optimism network is provided for users to verify and interact with the token securely.
Velodrome Finance positions itself as a key player in the Optimism ecosystem, contributing to the growth and adoption of decentralized finance on Layer 2 solutions.
Trust & methodology
Last updated:
Data source: Price and volume snapshots are sourced from Binance using the VELODROMEUSDT market feed.
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