Thanks to Binance, Velo has increased over 3 times, and Odos has also issued airdrops. Today has been really comfortable.

The first time I bought Velo was during that market surge last year. I filtered out about 10 Layer 2 projects as well as DeFi projects on Solana, Aptos, and Sui from two perspectives: <Market Cap/Monthly TVL> and <Market Cap/Average Monthly Trading Volume>. I still remember Aave was below $100 at that time, and I bought a bit of each of those 10 projects.

The best one was Aero, which is the leading CEX on the Base chain. Right after I bought it, it got listed on Coinbase, and I made about 5 times profit and sold it all at once. Coins with backing are truly different.

Velo and Aero come from the same origin, but Aero has always performed better. In March this year, I saw Velo doubled, so I sold it, not expecting it to skyrocket afterwards, increasing another 4 times in April. However, in the second half of the year, this coin also dropped sharply, falling below my selling price. I bought it back, and unexpectedly, it suddenly got listed on Binance today.

In stark contrast to these two projects are the zk projects. Mute also made me 3 times profit, but its liquidity is terrible. I didn’t buy much, while Velocore is even worse. Although it has 'velo' in its name, it's the worst of the worst. It rugged before issuing tokens, my VC tokens went to zero, not to mention the staked money is also gone, and many accounts lost airdrops as a result.

I have digressed a bit. To summarize my approach to finding projects: look at the chain, look at the background, look at TVL, look at trading volume, look at market cap.

Once likes exceed 100, I will, as before, share a statistical table of undervalued DeFi tokens. If you don’t have spare chips now, I believe you will find it useful.