$VELVET VELVET serves as the governance, staking, and voting token for the Velvet DAO. Staking VELVET for veVELVET provides fee rebates, revenue sharing, and increased voting power in the ecosystem. The token has a total supply of 1 billion, with 248.27 million currently circulating as of August 2025.

Market Performance: Recent posts on X indicate strong price activity for VELVET on Binance Futures (USDT), with price spikes ranging from 3.09% to 7.48% on August 6–7, 2025, and a reported breakout of +146% to $0.112, with a market cap of $27.8M and a fully diluted valuation (FDV) of $112M. The all-time high was $0.0920 on July 18, 2025.