I have been following Velo Protocol @veloprotocol for a while, and I will continue to track it for everyone. This project indeed has its weight in the financial infrastructure of Web3 in Asia!

It does not only perform a single function, but integrates tokenized assets, DeFi, payments, and cross-border foreign exchange settlements into one ecosystem, making it highly practical and forming a complete system that can be interconnected.

Reaching this point is crucially supported by resources behind it. The willingness of major institutions like Visa, Charoen Pokphand Group, and Dahua Bank to join indicates that Velo not only complies with regulations but also has its commercial viability recognized. More partners can take a look:

The security aspect is also reassuring, having passed audits from two security firms, PeckShield and SlowMist.

Moreover, on June 16, it also appeared on Binance Alpha, and Messari's report listed it as a key focus. Being able to obtain these "certifications" indicates that both the market and institutions recognize it in a very concrete way.

With the Velo community and user base rapidly expanding, the overall ecosystem has already covered over 80 million users and is still increasing!

Let's talk about the actual business data. Their decentralized exchange called Universe recently reached a trading volume of 1 billion dollars. It must be said that this scale is quite large!

The main thing is that it has a pretty special feature: it has brought foreign exchange perpetual contracts onto the blockchain, allowing trading of familiar currency pairs like EUR/USD and GBP/USD. This is considered quite innovative in the industry, and it's also convenient to use, with operations available 24 hours a day, no gas fees, and support for several major public chains. Now in Asia, many people involved in foreign exchange, cryptocurrency, or commodity trading have started using it.

In terms of tokens, $VELO has performed well in the past few weeks, rising over 40%. This is partly due to the overall environment, with Bitcoin breaking through 120,000 and Ethereum returning to over 3,000, resulting in positive market sentiment.

On the other hand, it is also supported by its own hard power, with on-chain transactions becoming increasingly lively, wallet integration and protocol upgrades also attracting more attention to it, not just a virtual rise driven by hype.

The Velo Protocol operation has been very stable, not relying on a single concept to generate hype, but instead solidly promoting underlying products and compliant channels, which offers both depth and scalability. For users interested in DeFi and RWA, it is worth paying long-term attention to and experiencing gradually.

This project is not just a game; it is genuinely doing real work. In the future, I will keep an eye on its ecological development and the launch of new features. I will inform everyone if there are any updates, and I also hope that Velo can carve out its own path and seize this wave of growth dividends!

#VeloProtocol # Web3 #VELO