Today's Velo price is $0.024954, which is up 2% over the last 24 hours. Velo's market cap is $30.69M. 24 hour VELO volume is $182,076. It has a market cap rank of 401 with a circulating supply of 1,229,925,310 and max supply of 27,999,998,947. Velo is traded on exchanges. Velo had an all-time high of $1.8769 over 1 year ago. Over the last day, Velo has had 0% transparent volume and has been trading on 23 active markets with its highest volume trading pairs being .
Velo Labs is building a unique federated credit exchange network. This network is powered by the Velo Protocol, which is a blockchain financial protocol enabling digital credit issuance and borderless asset transfers for businesses using a smart contract system. The project's core mission is to enable partners to safely and securely transfer value between each other in a timely and transparent way. To do this, the Velo Protocol enables its partners to issue digital credits via a smart contract layer, using the Stellar Consensus Protocol to process and settle transactions. Within its ecosystem, the Velo Protocol enables multiple business use cases that are all based on its core function: issuing collateral-backed digital credits, which correspond to any fiat currency that can be used for frictionless value transfer.