Velodrome Finance, a prominent project in the decentralized finance (DeFi) space, has seen a huge price increase after Binance added it to the platform. When Binance listed the VELO token, investor interest increased and the value of the token increased significantly in a short time. Binance announced that Velodrome Finance will integrate the VELO token into its services such as Simple Earn, Buy Crypto, Convert, Margin, Auto-Invest, and Futures. Following this announcement, the value of the VELO token has almost doubled in just 24 hours. At the time of writing, the VELO token has increased by 70% to $0.24.
Velodrome Finance stands out as a decentralized exchange (DEX) operating on the Optimism network compatible with Ethereum. In addition, the formation of the Aerodrome Finance fork, in which Coinbase has made significant investments, increases Velodrome’s influence in the ecosystem. Coinbase Ventures attracted attention by investing more than $ 20 million in this project.
Velodrome is currently one of the highest-ranked decentralized exchanges in terms of 24-hour trading volume. The liquidity and innovative structure of the platform constantly keeps investor interest alive.
Being listed by a major exchange like Binance has also encouraged other DeFi projects for the VELO token. Binance users will be able to easily buy and sell the VELO token on the platform starting from the specified date. This development has brought positive momentum to both Velodrome Finance and the DeFi market in general.
The future performance of projects like Velodrome and Aerodrome Finance could further grow the DeFi sector by increasing interest in innovation. This market momentum clearly shows that investors see great potential in the future of Velodrome.
