VELOVelo Price

 according to TokenUnlocks data, this week FTN, VELO, and ARB will undergo one-time large token unlocks, totaling over $100 million in value, including: Fasttoken (FTN) will unlock 20 million tokens worth approximately $89.8 million on September 18 at 8:00, accounting for 2.08% of the circulating supply; Velo (VELO) will unlock 3 billion tokens worth approximately $48.22 million on September 20 at 8:00, accounting for 13.63% of the circulating supply; Arbitrum (ARB) will unlock 92.65 million tokens worth approximately $47.89 million on September 16 at 21:00, accounting for 2.03% of the circulating supply; Sei (SEI) will unlock 55.56 million tokens worth approximately $18.42 million on September 15 at 20:00, accounting for 1.18% of the circulating supply.

The Velodrome superchain test version will be launched in the next few weeks. As a MetaDEX, Velodrome combines the advantages of Curve, Convex, UniV2, and UniV3 into a single streamlined protocol. Velodrome will serve as the central liquidity and trading center for the entire L2 network, ensuring that core currency pairs have sufficient liquidity to develop their ecosystems and achieve the vision of the superchain. In addition, Mode, BOB, and Lisk have pledged to launch voting rewards and customized point plans on Velodrome, totaling more than $2 million. They will also receive meaningful veVELO voting rights, establish close ties with the Velodrome community, and directly receive VELO rewards in their respective ecosystems.

Velo has announced a partnership with the stablecoin TrueUSD, which is pegged to the US dollar. By using TUSD as collateral within Velo's Web3+ ecosystem, Velo's stablecoin USDV will achieve additional stability. Velo plans to expand multi-chain interoperability by 2024 and support this feature as soon as possible. Currently, users can exchange TUSD across chains on Velo's over-the-counter (OTC) platform, Universe. This partnership also provides users with an alternative solution for remittance settlement using TUSD within Velo's Web3+ ecosystem. Using TUSD can improve the efficiency of the remittance process, especially in cross-border transactions.