The recent crypto purchase of United States Congressman Mike Collins has triggered a significant surge in the trading volume of Velodrome (VELO).
Politician Signals Support For Velodrome Velodrome Finance is an Automated Market Maker (AMM) on Optimism. It utilizes VELO as the utility token earned by liquidity providers. Community members who wish to participate in governance can lock the VELO tokens in order to do so. Voters are also rewarded with protocol trading.
BREAKING: Representative Mike Collins just disclosed a purchase of a cryptocurrency called Velodrome.
The coin appears to have a market cap of less than $100M.
This is the first time we have ever seen a politician trade it. pic.twitter.com/lydptNO5Bq
— Quiver Quantitative (@QuiverQuant) June 17, 2024
According to CoinMarketCap data, Velodrome’s trading volume hit $2.4 million after bagging more than a 67% increase within the last 24 hours. This spike was discovered after Representative Collins announced that he has purchase the digital asset. His purchase makes him the first documented politician to ever engage with the cryptocurrency that has a market capitalization of less than $100 million.
Collins stated that he purchased VELO on May 15, the time when the digital currency was around $0.13. His purchase is pegged to be round $1,001 and $15,000, suggesting that he may have acquired as much as 100,000 units of VELO. Since the time of the Congressman’s purchase, the crypto has seen some fluctuations that eventually led to a downtrend in its price.
At press time, VELO was down by 4.33% and currently trading at $0.09653. The surge in trading volume, which reflects increased investors’ activities, is likely to contribute to a price recovery in the near future. This might be complemented by other events like a broad crypto ecosystem bull run.
U.S Politicians Rally Round Cryptocurrencies Notably, Velodrome Finance is not Rep Collins first crypto purchase as he is largely known for his appetite for digital assets. He once highlighted his Ethereum (ETH) purchase which he said was worth $65,000 at the time of acquisition.
With the 2024 presidential elections only about five months away, more politicians have adopted cryptocurrencies. Donald Trump now sees himself as the “Crypto President” after moving against the asset class for a very long time. He has plans to support crypto companies once he is elected into office. Trump’s campaign team is open to accepting crypto donations.
Similarly, President Joe Biden who is also an aspirant in the upcoming elections has launched his crypto outreach. His campaign team is now approaching crypto industry leaders, seeking guidance on proactive crypto policies moving ahead.
Overall, there is a growing interest for digital currencies amongst United States policymakers and politicians.
Read More: Shiba Inu (SHIB) Exec Touts Important Industry Collaboration, Will This Reboot Price
Velodrome Finance (VELODROME) has witnessed a remarkable 170% surge following its listing on Binance. The decentralized exchange (DEX) token, which has gained significant attention in recent weeks, will now be available for trading on the exchange. As the liquidity hub for the Superchain, its listing marks a crucial milestone in its growing ecosystem, increasing visibility and investor interest.
Binance Listing Boosts Velodrome’s Visibility and Market Potential On December 13, Binance unveiled its decision to feature Velodrome Finance, a decentralized exchange (DEX) known for its role as the liquidity hub for the Superchain. This pivotal step aims to improve accessibility for traders and investors while driving deeper engagement within the platform’s ecosystem.
The platform introduces a new spot trading pair, VELODROME/USDT, with deposits open ahead of trading. Trading will go live at 14:00 (UTC), and withdrawals will begin on December 14 at 14:00 (UTC). This initiative is expected to boost liquidity and increase visibility for the DEX’s growing decentralized finance (DeFi) operations.
The exchange has also applied a Seed Tag to the token, signifying its innovative potential but higher associated risks and volatility. To trade such tokens, users must pass a risk-awareness quiz every 90 days. Additionally, within 24 hours, advanced trading features such as bots and spot copy trading will be enabled. As a result, users will have access to enhanced tools that ensure a seamless trading experience.
Velodrome Finance continues to establish itself as a major player in decentralized finance, delivering scalable and efficient liquidity solutions. With its inclusion on Binance, the platform is set to attract significant attention, boosting its adoption and strengthening its foothold in the competitive DeFi market.
VELO Price Rallies Amid Latest Move VELO price saw massive increase, currently trading at $0.39 following Binance’s decision to support the token. This marks a remarkable 365% surge over the past month and an impressive 500% rise year-to-date, signaling strong investor interest. With a market cap of $357 million and $42 million in 24-hour trading volume, its recent performance reflects growing confidence in its utility and ecosystem.
The exchange backing provides Velodrome Finance with enhanced liquidity and accessibility, crucial factors for sustaining its current bullish momentum. As the token gains more interest, its market presence will likely grow. This will further strengthen its position in the crypto ecosystem.
Binance Expands Support for Velodrome Finance Crypto exchange Binance will also add Velodrome Finance to multiple products and services, as per an announcement. The exchange will add VELO to Simple Earn, “Buy Crypto”, Convert, Margin, Auto-Invest, and Futures offerings.
It has launched USD-M VELO perpetual contract today, offering up to 75x leverage. Coinglass data indicates the Velodrome futures saw a massive increase in open interests on Friday.
The price surge echoes the performance of KOMA, which experienced a 136% increase after receiving support from Binance. This highlights the exchange’s ability to boost a token’s visibility and trading activity. It also drives significant interest from the broader crypto community.
Key NotesVelodrome Finance saw a 113% surge following its Binance listing.VELO price has risen 527% year-to-date, reflecting strong investor confidence. Velodrome Finance (VELO), the decentralized exchange (DEX) token, has seen a massive 113% surge in its value after recently listing on Binance. This means that the token is now available for trading against Tether (USDT).
The listing represents a major achievement for the DEX, which has been designated as the liquidity hub for the Superchain. Other than the massive exposure and visibility that this brings, listing on Binance also does a lot for Velodrome’s growing ecosystem and the interest that investors will now have in its VELO token.
Binance Listing Brings Key Upgrades for Velodrome Traders On December 13, Binance officially announced its decision to list Velodrome Finance. Seizing the opportunity, the exchange also introduced the new VELODROME/USDT trading pair, opening deposits for the pair ahead. Trading, however, will only begin at 14:00 (UTC), with withdrawals set to start on Saturday, December 14, at the exact same time.
Meanwhile, acknowledging the risks and volatility that are more than likely to come with the token, despite its huge potential, Binance has applied a “Seed Tag” to it. So, to ensure that traders are safe, users dealing with VELO must complete a risk-awareness quiz every 90 days.
Binance added that it will also enable advanced trading features, including trading bots and spot copy trading. That is, within the first 24 hours of listing.
All these efforts are, without a doubt, geared towards ensuring that users are able to enjoy top-notch trading experiences.
Velodrome Finance’s inclusion in Binance is a major boost to its accessibility and liquidity. These both are key factors in establishing its presence and preserving its continued growth within the decentralized finance (DeFi) space.
VELO Price Surge Mirrors KOMA’s Success As expected, the recent announcement by Binance has had an immediate impact on VELO. The token saw a whopping 113% price jump in the past 24 hours to be trading at $0.3243. It has also seen a 273% increase in just one month and a 527% rise since the beginning of the year.
With a growth so obvious, it might be fair to say that investors are getting increasingly confident in not just Velodrome’s utility but also its potential within the DeFi sector.
VELO currently has a market capitalization of $285 million and a 24-hour trading volume, which has surged nearly 3,500% in 24 hours to $227 million.
Interstingly, VELO’s performance is similar to that of KOMA. Another token that soared 170% after affiliating with Binance.
If nothing else, these trends show that Binance wields such a great influence in the market. This influence becomes immediately noticeable through a token’s visibility and trading activity.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He's a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from crypto however, Mayowa's fancied distractions include soccer or discussing world politics.
Velodrome Finance price surged and reached the year-to-date high after getting listed by Binance.
Velodrome Finance (VELO), one of the biggest players in Optimism’s (OP) ecosystem, jumped to a high of $0.0335, up by 810% from its lowest level this year. Its rally brought the total market cap to over $282 million.
VELO’s jump happened after Binance, the biggest crypto exchange in the industry, listed its token with a seed tag. That listing will give it exposure to millions of customers who use the Binance platform.
Data by CoinGecko shows that most VELO tokens are traded on exchanges like MEXC, OKX, Gate, and XT. As such, because of Binance’s scale, the odds are that its volume will rise in the next few days.
Historically, cryptocurrencies rally when they are listed by major exchanges. These gains, however, are often short-lived as the hype eases.
Velodrome has become a top player in the decentralized finance industry. Its total value locked has risen to over $100 million, while the DEX volume in the last seven days stood at over $700 million. This makes it bigger than other popular Optimism DEX networks like Uniswap (UNI), WOOFI, Beethoven, and Curve Finance.
Velodrome Finance has handled over $20 billion in assets cumulatively, a trend that may continue as the crypto bull run accelerates. Most DEX networks, led by Raydium and Uniswap, have seen a sharp increase in volume this year, with their November volume rising to over $371 billion.
Velodrome Finance price has more gains to go VELO price chart | Source: crypto.news The daily chart shows that the VELO price has been in a strong uptrend in the past few months. It has recently retested the important resistance level at $0.030, its highest point on May 10.
This was an important level since it was the upper side of the cup and handle pattern. It has even completed forming the handle section. C&H is a popular bullish continuation sign.
Velodrome price has also moved above the 50-day and 100-day moving averages. Therefore, there is a likelihood that the token will continue rising in the longer term. By measuring the depth of the cup, we can estimate that the VELO price will eventually jump to $0.054, which is about 109% above the current level.
Decentralized finance (DeFi) altcoin Velodrome Finance (VELO) is skyrocketing following a new listing from the world’s largest crypto exchange by trading volume.
Earlier today, Binance announced the addition of VELO to the crypto exchange.
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“Binance is excited to announce that Velodrome Finance (VELODROME) will be added to Binance Simple Earn, ‘Buy Crypto’, Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures at the respective dates and timings listed below.”
According to the announcement, Binance’s Simple Earn will list VELO Flexible Products for subscription today. Binance users will be able to purchase VELO on Monday, December 16th.
VELO has almost doubled in value in the last 24 hours. The DeFi token is up 90.3% on the day at time of writing, currently going for $0.292.
Velodrome is a trading and liquidity decentralized exchange (DEX) marketplace built on Optimism (OP), a leading Ethereum (ETH) layer-2 blockchain, making it Ethereum Virtual Machine (EVM)-compatible. According to CoinGecko, Velodrome is currently the top DEX by 24-hour trading volume.
Velodrome has also spawned a popular fork on Base called Aerodrome Finance, in which Coinbase has been heavily investing.
“Coinbase Ventures historically do six-figure venture deals and seldom went beyond $1 million investments until recently. And now we have the largest-ever investment made on a liquid token (>$20 million) bought from the open market like every other market participant. Think about why they are so bullish and still buying more.”
Decentralized finance (DeFi) altcoin Velodrome Finance experienced a remarkable increase in value after being listed by Binance. The inclusion of the VELO token on Binance’s platform captured the attention of traders.
Binance Listing AnnouncementBinance announced that it would integrate Velodrome Finance’s VELO token across various services. The future of VELO on platforms such as Simple Earn, Buy Crypto, Convert, Margin, Auto-Invest, and Futures was highlighted.
Following the announcement, VELO’s value nearly doubled within 24 hours, surging to $0.24 with a 70% increase at the time of writing.
Coinbase’s InvestmentsVelodrome stands out as a decentralized exchange built on Optimism. It has also established a fork called Aerodrome Finance, which received significant investment from Coinbase.
“Coinbase Ventures historically engages in six-figure venture deals and recently invested over $20 million in a liquid token acquired from the market. Consider why they are so optimistic and what more they might purchase.”
With its Optimism-based structure, Velodrome Finance creates an ecosystem compatible with Ethereum $1,623. According to CoinGecko data, Velodrome currently ranks as the top DEX in terms of 24-hour trading volume.
The agreement with Binance is not only attracting investor interest but also impacting market dynamics. Binance users will have the opportunity to purchase VELO on the specified date.
VELO’s rapid rise may positively influence other DeFi projects in the market. The future of Velodrome and Aerodrome Finance remains a significant topic of curiosity among crypto investors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Velodrome Finance’s token continued its strong rally this week as volume on its platform jumped, coinciding with the launch of Optimism’s SuperStacks rewards.
Velodrome Finance (VELO) rose to $0.01740 on Wednesday, July 16, its highest swing since March 3 and 105% above its lowest point this year.
The VELO token climbed as third-party data showed rising volume on its decentralized exchange this month. The platform has handled over $597 million so far in July, up from $1.1 billion last month. If the trend continues, July’s volume could surpass June’s.
VELO’s volume is likely to remain strong amid a broader crypto market rally that has lifted most digital assets. Historically, both centralized and decentralized exchange volumes tend to rise during bull markets.
VELO price also jumped after Optimism (OP) launched the SuperStacks rewards program, designed to incentivize users across its decentralized finance ecosystem. More than $200 million was contributed during the program, with over 50,000 users participating. A total of 20,545 Velodrome users have begun claiming their rewards.
Further supporting the rally, Velodrome’s developers recently launched Superswaps, a platform that allows users to swap assets across multiple chains within a single interface.
Still, VELO faces potential risks. The share of tokens held by whales has dropped 65% over the past 30 days, while smart money holdings are down to 4,915. Meanwhile, the supply of VELO on exchanges has climbed to 344.6 million.
VELO price technical analysis Velodrome Finance price chart | Source: crypto.news The daily chart shows that Velodrome Finance’s token bounced back this month, climbing from a low of $0.01160 to its highest level since March.
VELO broke above a key resistance level at $0.01575, its May 10 high and the neckline of a double-bottom pattern. It also moved above the 50-day and 100-day Exponential Moving Averages, signaling bullish momentum.
VELO’s Average Directional Index has climbed to 20 and is trending upward, indicating sustained momentum. The Relative Strength Index is approaching the overbought threshold at 70.
Given this setup, VELO will likely continue rising as bulls target the 50% Fibonacci retracement level at $0.02372, approximately 36% above current levels. A drop below the $0.015 support would invalidate the bullish outlook.
Key Takeaways How does the token distribution work in the Aero merger? Aerodrome holders receive 94.5% of the new AERO token supply while Velodrome holders receive 5.5%, reflecting the massive disparity in total value locked between the two protocols.
What makes Aero different from other Layer 2 DEXs? Aero combines Velodrome V2’s vote-lock governance model with Aerodrome’s optimized emissions engine to create the first large-scale DEX unified across multiple Layer 2 rollups.
In a major DeFi milestone, Aerodrome and Velodrome Finance have merged under Dromos Labs to form a new cross-chain decentralized exchange — Aero.
The merger brings together the dominant trading protocols on Base and Optimism, aiming to unify governance, liquidity, and incentives across multiple Layer 2 networks.
A lopsided but strategic merger According to the reports, existing Aerodrome (AERO) holders will receive 94.5% of the new token supply, while Velodrome (VELO) holders get 5.5% — a sharp disparity reflecting each platform’s current weight.
Aerodrome holds roughly $479 million in total value locked (TVL), according to data from DefiLlama, compared with Velodrome’s $55 million.
The newly merged platform will initially operate across Base, Optimism, and the OP Superchain, before expanding to Ethereum mainnet to deepen liquidity.
It will also integrate Circle’s Arc network, leveraging USDC’s $73 billion circulation for frictionless fiat-to-crypto bridges.
Technical upgrades and roadmap Aero builds on Velodrome V2’s vote-lock model while incorporating Aerodrome’s emissions engine — designed to optimize reward distribution and gauge voting efficiency.
The upgrade also introduces “Slipstream V2,” a concentrated liquidity model similar to Uniswap V3, designed to reduce slippage and enhance capital efficiency.
By merging liquidity pools across Base and Optimism, Aero aims to capture 10–15% of the combined Layer 2 DEX volume, equivalent to more than $2 billion in monthly trading activity.
A contrast to troubled mergers The smooth execution stands in stark contrast to the recent collapse of the Fetch.ai, SingularityNET, and Ocean Protocol alliance, where a dispute over $100 million worth of FET tokens derailed the partnership and triggered a sharp price drop.
While that conflict highlighted governance breakdowns in multi-protocol integrations, Aero’s transition appears coordinated, transparent, and technically unified under one development team, at least for now.
Why it matters The Aero merger signals a new phase of DeFi consolidation, where collaboration and interoperability are replacing fragmented ecosystems.
As Layer 2 networks mature and liquidity becomes more fluid, Aero could emerge as the first large-scale DEX to unify on-chain trading across multiple rollups.
TradingView data shows that Velodrome [VELO] was trading at around $0.042, with an over 13% decline, while Aerodrome [AERO] traded around $1.1 with an over 3% decline.
PANews reported on April 14th that, according to an official announcement, based on recent reviews, Binance will add watch tags to more tokens and remove seed tags for corresponding tokens on April 14th, 2026. The tokens added to the watch tag list are: Harvest Finance (FARM), Highstreet (HIGH), Enzyme (MLN), Resolv (RESOLV), Syscoin (SYS), TrueFi (TRU), and Velodrome Finance (VELODROME). The token whose seed tag was removed is: Tether Gold (XAUT).
Binance flagged seven tokens with its Monitoring Tag on April 14, triggering an immediate selloff across all affected assets.
The tokens include Harvest Finance (FARM), Highstreet (HIGH), Enzyme (MLN), Resolv (RESOLV), Syscoin (SYS), TrueFi (TRU), and Velodrome Finance (VELODROME). The designation signals elevated volatility and potential removal from the exchange.
7 Altcoins at Risk for Binance DelistingMarket reaction was swift following the announcement. SYS dropped 11.53% within minutes, leading the decline. MLN fell 6.89%, while VELODROME shed 6.09%.
HIGH lost 5.69%, RESOLV declined 4.99%, and TRU slipped 3.80%. FARM recorded the smallest drop at 2.00%.
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Altcoins Decline After Binance Adds Monitoring Tags. Source: TradingViewBinance’s Monitoring Tag has previously served as a warning signal for full removal. The exchange placed Beefy.Finance (BIFI) and Measurable Data Token (MDT) under the tag in June 2025.
FunToken (FUN) and Orchid (OXT) received it in March 2026. All four were confirmed for delisting on April 23, alongside FIO Protocol (FIO) and Wanchain (WAN).
That April 9 delisting notice triggered even sharper losses, with FUN crashing 27% and MDT dropping 22% within minutes.
“Tokens with the Monitoring Tag exhibit notably higher volatility and risks compared to other listed tokens. These tokens are closely monitored, with regular reviews conducted. Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform,” Binance wrote.
Traders who wish to continue accessing the flagged tokens must now pass a quiz every 90 days on the Binance Spot or Margin platforms and accept the updated Terms of Use.
“The quizzes are set up to ensure users are aware of the risks before trading tokens with the Monitoring Tag or Seed Tag,” the exchange said.
In the same update, Binance also announced it will remove the Seed Tag from Tether Gold (XAUT). The Seed Tag designates newer, higher-risk listings and differs from the Monitoring Tag. Its removal signals that XAUT has met the exchange’s criteria.
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