Deep Dive
1. Bitget Wallet Integration (9 July 2025)
Overview: Velo integrated Bitget Wallet into its Universe Hybrid Perp DEX, allowing 80M+ users to trade across BNB Chain, Solana, and NovaChain.
This update simplifies cross-chain swaps and liquidity provisioning, leveraging Bitget’s security and Velo’s hybrid DEX infrastructure. Users can now access Velo’s DeFi tools directly from Bitget Wallet, reducing friction for multi-chain interactions.
What this means: This is bullish for VELO because deeper wallet integration broadens user accessibility, potentially increasing transaction volume and network utility. (Source)
2. Token Unlock Delay (29 July 2025)
Overview: Velo delayed its next major token unlock (for team/early contributors) beyond 2025 to avoid supply dilution.
The circulating supply remains at ~17.56B tokens, aligning with its vesting schedule. This move aims to maintain price stability and investor confidence amid broader market volatility.
What this means: This is neutral for VELO in the short term, as it mitigates sell pressure but doesn’t directly enhance technical utility. Long-term, it signals disciplined ecosystem management. (Source)
3. Lightyear Bot Dashboard (28 Dec 2023)
Overview: Velo launched Grid and Rebalancing trading bots, integrated with MetaMask and its Universe Wallet.
The dashboard automates strategies like range trading and portfolio rebalancing, targeting both retail and institutional traders. It uses EVM-compatible smart contracts for trustless execution.
What this means: This is bullish for VELO because automated tools attract active traders, boosting platform engagement and fee revenue. (Source)
Conclusion
Velo’s updates emphasize accessibility (Bitget Wallet), supply discipline (unlock delay), and advanced trading tools (Lightyear Bots). While no groundbreaking codebase overhauls are noted recently, these incremental improvements align with its "Web3+ Financial Superhighway" vision.
How will Velo balance its hybrid CEX/DEX model with rising competition in Asia’s DeFi sector?