Velodrome Finance β Statistical Analysis
With $22.8M TVL and $500.1M 30d volume (~22.0x monthly turnover), Velodrome shows meaningful flow-through, but the latest -52.15% 1d volume shock plus a thin implied fee take (~4β5 bps) and N/A trust scoring keep risk-adjusted traction mid-tier.
Updated: Β· Data Window: 24h / 7d / 30d (varies by metric availability)
1. Market Overview
Velodrome sits at $22.8M TVL (24h -0.50%) with $4.9M 24h volume and $131.6M / $500.1M over 7d / 30d. Market cap is $15.3M, implying TVL/MC β 1.49x (or MC/TVL β 0.67x), consistent with a liquidity-heavy profile relative to token valuation.
2. Capital Efficiency
Capital turnover is $4.9M / $22.8M β 0.215x per day (~21.5% of TVL traded daily). Over longer windows, efficiency improves: 7d turnover β 5.77x and 30d turnover β 21.94x, indicating strong historical throughput versus current-day softness. The -52.15% 1d volume change signals short-term demand volatility rather than steady organic flow.
3. Liquidity & Pair Spread
The venue lists 13 coins across 25 pairs (β 1.92 pairs/coin), suggesting a relatively concentrated market structure rather than long-tail breadth. Average activity per pair is roughly $4.9M / 25 β $196K 24h volume, while average liquidity per pair is $22.8M / 25 β $0.91M TVLβadequate for mid-size flow but likely sensitive to pair-level concentration and episodic volume swings.
4. Chain Dominance
TVL is highly top-heavy: Ink $11.5M (β50.4%) and Optimism $8.9M (β39.0%) combine for β89.4% of total TVL. The remaining ~10.6% is fragmented across Lisk ($641.9K; 2.8%), Soneium ($540.7K; 2.4%), Unichain ($470.5K; 2.1%), Celo ($326.7K; 1.4%), Fraxtal ($295.5K; 1.3%) and smaller chains (<0.5% each), implying cross-chain optionality but limited depth outside the top two deployments.
5. Analyst Verdict
Fee generation is modest relative to volume: $1.9K fees on $4.9M 24h volume implies an effective take of ~0.039% (~3.9 bps); on 30d, $242.7K / $500.1M β 0.0485% (~4.9 bps). Reported revenue equals fees ($1.9K 24h; $242.7K 30d), simplifying economics but also highlighting that current monetization per dollar traded is thin. With 2 audits but Trust Score: N/A, and volume showing sharp day-to-day variability, the protocol screens as functionally active yet not fully de-risked from a market-structure and transparency standpoint.