Velvet

Velvet is a decentralized finance application categorized within the BNB Chain and Base ecosystems that positions itself at the intersection of artificial intelligence and DeFi, an area sometimes called DeFAI. It aims to make on-chain asset management and portfolio construction more accessible by applying AI-assisted tools to tasks that would otherwise require significant technical expertise. The project targets users who want to create, manage, or interact with on-chain investment strategies without building infrastructure from scratch.

Velvet operates as an application layer protocol on BNB Chain and Base, meaning it relies on those networks for consensus and settlement rather than running its own blockchain — the block time figure stored for this asset is zero, consistent with that arrangement. The VELVET token lives within this application ecosystem and is used in connection with the protocol's governance and operational functions, though the data stored here does not include a detailed breakdown of every in-protocol role the token fills. Its backing from YZi Labs, formerly Binance Labs, and its distribution through a Binance Wallet IDO are noted in its category tags.

The data stored for Velvet does not include a recorded fee stream, so this site carries no figures for protocol revenue, fee recipients, or what the treasury retains. Without a fee-based revenue figure, standard fee-derived valuation measures cannot be calculated for this asset. What is recorded is that roughly 46.38 percent of the one-billion maximum supply is currently circulating at a price of approximately 0.095424 USD, giving a market capitalization near 44.32 million USD, while the fully diluted valuation sits at about 2.16 times that market cap, reflecting the supply not yet in circulation.