Velo Protocol demonstrated remarkable growth in Q4 2024, with significant increases across key performance indicators. The protocol’s market cap grew 47.28% quarter-over-quarter, reaching $182.95 million.
Network activity saw substantial gains. Daily transactions jumped 72.82%. Active addresses surged by 6,957.65%. Total fees increased 24.59% to $2,132.
Network Performance Analysis
BSC emerged as Velo’s primary growth engine. The chain recorded a 60.75% increase in daily transactions. Active addresses on BSC grew by an impressive 9,382.88%.
Nova chain showed mixed results. While transactions rose 143.82%, active addresses declined 58.60%. This suggests users prefer BSC for most activities.
Ecosystem Development
Velo expanded its real-world utility through strategic partnerships. Travala integration now enables VELO payments for travel services. OTSO Group collaboration brought social trading features.
The protocol launched several technical upgrades. These include VELO/USDV perpetual trading and integrations with Solana and TronChain. Omni Points Beta with TON integration went live globally.
Market Implications
The growth in TVL signals increasing confidence. USD-denominated TVL rose 54.27% to $34.72 million. VELO-denominated TVL grew 2.96%, showing organic ecosystem growth.
The alignment between fee growth and price performance suggests sustainable value creation. This contrasts with Q3’s divergent metrics.
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Looking ahead, Velo’s focus on RWA integration and PayFi solutions positions it well in the evolving DeFi landscape. The protocol’s multi-chain strategy provides flexibility for future growth.
Tags: #Velo #DeFi #CrossChain #RWA #Crypto
Source: Messari