About Velodrome Finance
Velodrome Finance is an automated market maker on Optimism. VELO is the utility token of Velodrome Finance earned by liquidity providers. VELO tokens can be locked in order to participate in governance. Voters are also rewarded with protocol trading fees.
Trading Insights
Buyer Ratio
Traders
111
58.57%
Buyers
71
91.89%
Sellers
52
40.54%
Searched
299
Market Stats
Market Cap
£15.5M
16.8%
FDV
£42.54M
Circ. Supply
915M VELO
Max Supply
Not enough data
Total Supply
2.5B VELO
Diluted Valuation
£42.55M
Performance
Popularity
#705
Dominance
0%
Volume (24H)
£7.32M
209.84%
Volume (7D)
£16.58M
Volume (30D)
£40.57M
All time high
£0.294
Price Change (1Y)
Not enough data
51.62%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Defi tokens: Decentralised Finance (or 'DeFi') tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.
Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.
Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets. For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.
Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.
Data/oracle risk: DeFi protocols often rely on external data sources or 'oracles'. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.
Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.
Additional details
Recent trends
The price of Velodrome Finance has decreased by 4.95% in the last hour and increased by 16.73% in the past 24 hours. Velodrome Finance’s price has also risen by 39.13% in the past week. The current price is £0.01689 per VELO with a 24-hour trading volume of £7.32M. Currently, Velodrome Finance is valued at 94.25% below its all time high of £0.294. This all-time high was the highest price paid for Velodrome Finance since its launch.
The current circulating supply of Velodrome Finance is 915,202,511 VELO which means that Velodrome Finance has as total market cap of £15,498,605.33.
Market details
VELO vs markets
↘ 31.55%
VELO vs BTC
↘ 19.13%
VELO vs ETH
↘ 30.8%
Tags
decentralized-exchange-dex-token
defi
amm
binance-listing
Network & Addresses
Network | Address | |
|---|---|---|
Optimism | 0x9560e827aF36c94D2Ac33a39bCE1Fe78631088Db | |
Optimism | 0x3c8B650257cFb5f272f799F5e2b4e65093a11a05 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.01689 | |
1 Day | £0.0145 | |
1 Week | £0.012 | |
1 Month | £0.01207 | |
1 Year | £0.03396 |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Social stats
Popularity in posts
#192
Contributors
177
Posts
307
% About Velodrome Finance
0.082%
Articles
0
X (Twitter)
36.54% bullish
Sentiment
4.5 ★
Highlights
177 unique individuals are talking about Velodrome Finance and it is ranked #192 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Velodrome Finance has an average sentiment score of 4.5 out of 5. Finally, Velodrome Finance is becoming less newsworthy, with 0 news articles published about Velodrome Finance.
On Twitter, people are mostly neutral about Velodrome Finance. There were 39.15% of tweets with bullish sentiment compared to 7.12% of tweets with a bearish sentiment about Velodrome Finance. 60.85% of tweets were neutral about Velodrome Finance. These sentiments are based on 301 tweets.
On Reddit, Velodrome Finance was mentioned in 2 Reddit posts and there were 6 comments about Velodrome Finance. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
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