Velo’s Q2 2025 results were mixed, with its circulating market cap and token price both rising 12.7% QoQ, but offset by a 10.3% drop in total fees and a decline in average daily active addresses. Despite this, average daily transactions rose 14.4%, driven by a trading competition on Binance Alpha that increased activity from a smaller group of engaged users. USD-denominated TVL fell 80.5% to $3.6 million and VELO-denominated TVL dropped 82.7%, largely due to the expiration of a major stakin...
