Velodrome Finance VELO

What VELO actually is on-chain

Velodrome Finance is an ERC-20 deployed on Optimism, at contract address 0x9560e827af36c94d2ac33a39bce1fe78631088db. That address, not the ticker VELO, is what uniquely identifies this asset: anyone can deploy a second token calling itself VELO, but the contract is unforgeable. Verify it against optimistic.etherscan.io before sending funds or approving a spend.

Because it lives on Optimism, VELO is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in VELO itself, and secondary liquidity sits in Velodrome and Uniswap pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

Another asset tracked on this site also uses the ticker VELO: Velo (Stellar). The asset on this page is specifically the Optimism deployment at 0x9560…88db. These are unrelated tokens with separate contracts, separate supply and separate price histories — a price alert set on one of them says nothing about the others, and a ticker search is not enough to tell them apart.

For VELO the project publishes a whitepaper and an active account as @VelodromeFi. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where VELO sits in the market

At #900, Velodrome Finance is in the upper small-cap band. Books at this depth are thin enough that one sizeable market order can move the printed price by several percent and retrace within minutes, which is precisely why a single static price target makes a poor trigger — you want a condition that survives one wick. Availability is concentrated in a handful of venues and volume-based delisting is a live risk rather than a theoretical one.

CryptoPingAi is currently streaming 4 live VELO order books (OKX, Bitget, Gate.io, HTX). That is coverage in line with a #900 ranking: enough books to cross-check a quote, few enough that one of them can dominate price formation for hours at a time. None of the books we see for VELO are regulated US or Korean venues, so this is an offshore-quoted asset — availability, and the price itself, depend on which jurisdiction you trade from.

VELO against its all-time high

VELO is more than 95% below its all-time high of $0.4075 (on 2024-12-13) — a 119x gap. At this point the record has essentially no analytical value: it belongs to a different supply structure, a different holder base and often a different market cycle. The useful reference for VELO is the downside, not the peak, so the range section below matters more than this one. That high was set roughly 2 years ago, recently enough that it still anchors how most current holders frame the asset.

VELO across its historical range

The recorded range runs 73.1x, from $0.00557275 to $0.4075 — wide by the standards of traditional assets, moderate for this one's class.

VELO is within -38.5% of its all-time low of $0.00557275, printed on 2022-07-05. This is the part of a chart with no history: there is no prior trading below this level, so there is no support to reference, no volume shelf and no cost-basis cluster to lean on. The low is old enough to have held as a floor across several market regimes — a materially different setup from one printed recently.

VELO supply and valuation data

Velodrome Finance sits just outside the band where circulating and total supply are independently verified, so we hold a valuation figure for VELO but not an audited token count. What we do have is a fully diluted valuation of $48.0 million as of 2026-05-12. That places it in the top 10% by fully diluted value.

Because that valuation is a snapshot rather than a live figure, we deliberately do not back out a supply number from it — the price has moved since, and the division would produce a confident-looking token count that is simply wrong. Check the project's own explorer for the current supply before using any per-token valuation. The authoritative figure is the one optimistic.etherscan.io reports for this contract.

What kind of asset VELO is

Velodrome Finance is a decentralised exchange token. The economics are unusually legible for crypto: the protocol generates fees from trading volume, and the token's value proposition rests on whether it captures any of them. Volume on the underlying venue, the fee switch status and competitive pressure from other venues are the variables that actually matter — and DEX volume is itself highly cyclical, so revenue is not a stable base.

CoinGecko files VELO under 4 categories, including Decentralized Exchange (DEX), Exchange-based Tokens, Decentralized Finance (DeFi), Optimism Ecosystem. CoinGecko also records deployments on Optimism (125 tracked tokens), so its on-chain liquidity and its user base move with that network.

How to set a Velodrome Finance alert that is worth receiving

Velodrome Finance is the ERC-20 at 0x9560…88db on Optimism — quoted on 4 venues we stream — high dated 2024-12-13 — rank #900. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →