Despite the overall weakness in the market, Velo bucked the trend on several core figures: average daily trading volume skyrocketed by 255.5%, active addresses increased by 84.7%, and VELO-denominated TVL increased by 10.1%. Nova Chain is active in transactions, and BSC is still the main entry point for users to participate.
In terms of ecosystem construction, #Velo launched the VELO perpetual contract (Kraken Pro), launched Exolix, and reached a cooperation with Galileo to promote the integration of decentralised markets. In addition, Universe DEX holds trading competitions to increase user engagement.
The project also released a new PayFi Litepaper, focusing on stablecoin USDV, #AI payment agents, #RWA asset solutions, and more, showcasing its long-term strategy as a Web3 payment infrastructure.
Velo is expanding from cross-border settlement to a comprehensive #Web3 payment network (#PayFi), bridging the flow of value between physical and on-chain in a more flexible, compliant, and modular way.
🚀 The State of Velo Q1 2025 Report by @MessariCrypto is now live!
Q1 marked a key turning point for Velo Protocol, strong network growth, new partnerships, and the launch of PayFi reinforced its focus on decentralized Web3 payments.
Key Highlights (Q1 2025):
♦️ Transactions Soared: Average daily transactions jumped +255.5% — from 445 to 1,581, driven by Nova network activity.
♦️ Active Users Increased: Daily active addresses climbed +84.7% — from 2,363 to 4,364.
♦️ On-Chain Strength: VELO-denominated TVL rose +10.1%, while trustlines also grew: +15.1% total and +12.6% funded.
The report maps Velo’s strategic pivot to PayFi, growing DeFi activity, and deeper token engagement, signaling where the next wave of opportunity is heading.
🔗 Read the full report:
#Velo #Messari
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