šĀ #VELODROME Is Coming to BinanceāFad or the Real Fashion Statement?
Hold onto your charts, famā$VELODROME is about to land onĀ #Binance , and the hype is real! But letās dig into this: isĀ #VELO the next crypto style icon or just another fleeting fad? šš
Whatās VELO, Anyway? š§š
VELO is a next-gen AMM (Automated Market Maker) that takes the best bits ofĀ $CRV , Convex, andĀ $UNI ābasically, a DeFi mashup that sounds like itās ready to slay. Designed as the liquidity hub for the Superchain, VELOās got some unique perks:
āØ NFT Voting Power: Velodrome NFTs let holders vote on token emissions and earn incentives + fees from the protocol.
š° 100% Rewards to Voters: All protocol incentives and fees go straight to the votersāDeFi democracy at its finest.
The Numbers Game:
ā¶ļøĀ $3.3M in monthly fees generated.
ā¶ļø Around 70k users/month on the DEX.
ā¶ļøĀ $3BĀ in trading volume (thatās a lot of swapping).
ā¶ļø TVL atĀ $116M, down from its April peak ofĀ $180MĀ (hey, even the best have off days).
So, Whatās the Call?
Jump into VELO and ride the Superchain wave or sit back and watch the show? Thatās your call, fren! But remember, in crypto, DYOR is the golden rule. Because whether VELOās a runway hit or a flash in the pan, you want to stay stylish in gains, not losses. ššĀ #BinanceListing Ā #BinanceListsVelodrome