Velo

Velo is a blockchain-based financial protocol designed to let businesses issue digital credits backed by collateral and transfer value across borders without friction. It targets companies that need to move funds between one another quickly, transparently, and in a form pegged to fiat currencies. The project frames the problem as one of slow, opaque cross-border settlement and positions its federated credit exchange network as infrastructure for solving it.

The Velo Protocol runs on the Stellar network, using the Stellar Consensus Protocol to process and settle transactions, which means blocks are confirmed in effectively zero additional minutes beyond Stellar's own settlement time. Businesses that join the network as partners can issue collateral-backed digital credits through a smart contract layer, with those credits corresponding to specific fiat currencies. The VELO token sits within this system as the collateral and utility layer that underpins the issuance of those digital credits across the BNB Chain and Stellar ecosystems.

Over the trailing 30 days the protocol collected 75.51 USD in fees, and over the trailing 12 months it collected 2,148.82 USD in fees. The take rate over the trailing 30 days stands at 100 percent, meaning the protocol retains all fees collected and none are distributed to liquidity providers or other supply-side participants, as confirmed by a supply-side revenue figure of 0.00 USD for the same period. Fee growth over the last 30 days was 445.95 percent, though the absolute dollar amounts remain very small. Annualizing from the trailing 30-day figure produces an annualized fee run-rate of 918.71 USD against a market capitalization of 74,575,591 USD, yielding a fee yield of 0.001288 percent.