The Velodrome flywheel is spinning at full speed.
The average demand for $VELO has surged by +92.62% in the last 30 days, primarily attributed to the anticipated Aerodrop token airdrop for veVELO voters.
Detailed Breakdown:
Current Price: $0.11
*We used Onchain Data of Past 30 Days for this analysis.
1/ Supply Metrics
- Supply Inflation: +4.3%
2/ Demand Metrics
- Growth in Collected Fees: +282.6%
- Growth in Total Locked Value: +7.4%
- Growth in DEX Trading Volume: -1.6%
- Growth in Token Incentives: +76.9%
- Growth in Daily Active Users: +97.8%
Average Demand: +92.62%
3/ Price Metrics
- Price Change: +32.29%
4/ Equilibrium
The average demand for $VELO is significantly higher compared to its price change over the past 30 days. This factor contributes to its potential as an undervalued asset.
Disclaimer: Supply and demand dashboard is an experimental on-chain data model, you can't make any investment decision based on that. Use this analysis for educational purpose only, you can surely lose money if you invest based on this analysis.