Velodrome Finance
VELOA ve(3,3) DEX and liquidity layer on Optimism
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.02% | 1.61% | 8.63% | 18.64% | 26.52% | 19.35% |
Comparison
On-chain Holding
| Holding Token | Price | Amount | Total Value |
|---|---|---|---|
| No Data | |||
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| 0xfaf8...787d |   VELO | 1,814,034,399.21 | 68.29% | $50.68M |
| Binance 8 (acec) | VELO | 219,157,196.05 | 8.25% | $6.12M |
| 0x12e3...9aee | VELO | 84,006,860.38 | 3.16% | $2.34M |
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | PPhemexCEX | VELODROME/USDT | $0.02168 | $571 | $568 | $332,700 | 110.32% |
| 2 | HHTXCEX | VELODROME/USDT | $0.02168 | $7,038 | $4,782 | $280,797 | 93.11% |
| 3 | BBitgetCEX | VELODROME/USDT | $0.02164 | $16,852 | $18,497 | $126,691 | 42.01% |
| 4 | VELO/USD | $0.02173 | $40,135 | $16,527 | $125,970 | 41.77% | |
| 5 | BBingXCEX | VELODROME/USDT | $0.02158 | $0 | $0 | $42,968 | 14.25% |
| 6 | OOKXCEX | VELODROME/USDT | $0.02165 | $9,641 | $6,431 | $17,675 | 5.86% |
| 7 | VELODROME/USD | $0.02177 | $1,616 | $1,225 | $1,754 | 0.58% | |
| 8 | OOKXCEX | VELODROME/USD | $0.02174 | $250 | $410 | $549 | 0.18% |
| 9 | VELO/WETH | $0.02151 | $32 | $32 | $264 | 0.09% | |
| 10 | USDC/VELO | $0.02146 | $41 | $41 | $14 | 0.00% |
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About Velodrome Finance
Velodrome is a ve(3,3) decentralized exchange on Optimism that routes all trading fees to locked voters: liquidity providers earn VELO emissions weighted by votes, veVELO holders direct the emissions and take protocol revenue. Beyond constant-product and stable pools, the Slipstream module offers concentrated liquidity to cut slippage on major pairs.
It targets early Optimism liquidity fragmentation and incentives captured by short-term mercenary mining, handing emission control to long-term lockers so liquidity stays onchain. Cumulative volume has passed $44 billion, and in October 2026 it merged with Aerodrome into Aero, consolidating liquidity across Optimism mainnet and Ink. Risk sits in governance concentration, with the top 100 wallets holding more than 60% of voting power, making emission allocation sensitive to large holders; the protocol takes no counterparty risk but contracts and voting remain attack surfaces.
Velodrome launched on Optimism in June 2022, introducing a ve(3,3) model with VELO emissions and veVELO governance. Its V2 upgrade in June 2023 added concentrated liquidity and dynamic fees, while maintaining backward compatibility. In March 2024, it expanded to the OP Superchain network Metal, becoming a cross-chain MetaDEX. A major milestone was Binance listing VELODROME in 2024, increasing accessibility. The protocol also pioneered veNFT trading/lending plans, enhancing governance token utility.
Merger and conversion: At 08:00 UTC+8 on October 22, Aerodrome and Velodrome merge into Aero across seven chains including Base, Ethereum mainnet and OP Mainnet; old AERO converts 1:1 while each VELO converts to 0.044 new AERO, leaving VELO holders about 5.5% of the new supply, and veVELO becomes transferable, non-rebasing sAERO.
Revenue and migration: In the 52 weeks before the merger Velodrome generated about $15 million of revenue versus $260 million for Aerodrome, which set the conversion ratio; in the four weeks of September $14.9 million flowed to veAERO holders, above the $10.5 million value of fixed emissions. Coinbase converts balances on November 2-4 and winds down VELO trading in stages.
Velodrome Finance is the core ve(3,3) DEX of the Optimism Superchain. On Oct 21, 2026 it merges with Base's Aerodrome into a unified cross-chain DEX, "Aero": VELO converts to new AERO at ~0.044 (Velodrome holders get ~5.5% of new supply), and veVELO lock NFTs convert to sAERO. Legacy emissions stop while old pools remain tradable. Pre-merger TVL was ~$40–55M with cumulative volume over $44B.
Velodrome Finance's Future strategy and roadmap: Post-merger Aero launches Oct 21, 2026 across seven EVM chains (OP Mainnet, Base, etc.), replacing the weekly vote-escrow system with real-time reward allocation and gradually swapping Velodrome Relay for Autopilot. Aerodrome co-founder Alexander Cutler set a goal to at least double spot-volume share by end-2026 (Aerodrome held 43% on Base pre-merger). A multi-week integration phase follows, with the Velodrome Foundation distributing AERO incentives to offset locked legacy-gauge voting rewards while keeping legacy pools tradable.
Velodrome is built by Dromos Labs. Alexander Cutler runs it as chief executive. He began in political organising at state and federal levels, moved through roles at Apple including a global talent development programme, then consulted for Meta and Microsoft. In DeFi he led the ve(3,3) design Velodrome brought to OP Mainnet before porting the model to Base.
Stas Sușcov, chief technology officer, brings fifteen years of open source and startup work and two Google Summer of Code terms. Chris Boulos, president, came from research economics, hedge fund analysis and BCG consulting. The team mixes named and anonymous contributors by principle. Cutler, Sușcov and Boulos own company, engineering and organisational design respectively.
Velodrome Finance lets each pool customise its trading fee up to a maximum of 3%, with 100% of fees distributed to the veVELO voters who allocated votes to that pool.