Velo

Velo is a digital asset associated with the Velo Protocol, a blockchain-based financial network designed to let businesses issue collateral-backed digital credits and transfer value across borders without friction. The protocol targets institutional partners and businesses that need to settle value between one another quickly, transparently, and in any fiat-pegged denomination. It sits within the broader category of real-world asset projects, meaning its intended use connects on-chain infrastructure to conventional financial instruments.

The Velo Protocol issues digital credits through a smart contract layer that is settled using the Stellar Consensus Protocol, a federated agreement mechanism rather than a proof-of-work or proof-of-stake chain, which is why block time in this dataset reads as effectively zero. The VELO token functions as collateral within this system, backing the digital credits that partners issue and use for transfers. The protocol also has presence on the BNB Chain ecosystem, and on-chain activity is attributed to the Velo Finance application.

The protocol collected 3.64 USD in fees over the most recent 24-hour period, 28.10 USD over the trailing seven days, and 172.88 USD over the trailing 30 days, with an annualized fee figure of 2,103.37 USD extrapolated from that 30-day window. Fee growth over the trailing 30 days was 68.52 percent. The take rate recorded is 100 percent over the trailing 30 days, meaning the protocol retains all fees collected and supply-side revenue — the share that would flow to liquidity providers or other participants — is zero for that period. Total value locked stands at 81,857.04 USD at the point of measurement, giving a market-cap-to-TVL ratio of 1,023.39, which reflects how small the locked capital base is relative to the circulating market capitalization of 80,202,352 USD.