Velvet protocol's VELVET token posted a 249% gain over the past week, ranking among the top performers in the top 70 assets, as the protocol consolidated its Base liquidity onto Aerodrome and launched synthetic pre-IPO markets for SpaceX, OpenAI, and Anthropic on June 10. The rally drove VELVET from $0.09 to $2.09 at its peak, with futures inflows reaching $1.29 billion against $33.94 million in spot inflows over the same period, according to CoinGlass. The move followed Velvet's migration to Aerodrome, Base's deepest liquidity venue, and the opening of leveraged positions on three private companies ahead of SpaceX's expected June 12 IPO at a $1.75 trillion valuation.
Velvet Consolidates Base Liquidity on Aerodrome
Velvet now routes Base trades through Aerodrome after consolidating its protocol-owned liquidity onto the exchange. The platform's Meta Aggregator scans across liquidity sources to find the best route, and on Base that now means tapping Aerodrome's liquidity for pricing and fills.
The upgrade added direct entry into Aerodrome liquidity provider positions from inside the app. Users open the Yield tab, browse Aerodrome pools by total value locked (TVL) and annual percentage yield (APY), and deposit in one click, with Velvet bundling the approval, swap, and position entry into a single flow. Velvet operates as an AI-powered trading layer running on Base, Ethereum, Solana, BNB Chain, and Sonic.
Staked VELVET Rises from $1.82 Million to $7.53 Million
The value of staked VELVET climbed from $1.82 million to $7.53 million at the time of reporting. Total value locked moved from $752,000 to $769,000 over the same stretch. Velvet's TVL sat near $7.53 million as of September 2025.
Velvet Opens Pre-IPO Markets for SpaceX, OpenAI, and Anthropic on June 10
Velvet opened access to SpaceX, OpenAI, and Anthropic on June 10 through its integrations with TradeXYZ and Ventuals, letting traders take leveraged positions on the three private companies before any public listing. The launch landed two days before SpaceX's expected June 12 debut, which is the largest IPO in history at a valuation approaching $1.75 trillion.
SpaceX exposure drew interest, with synthetic SPCX perpetual volume across venues exceeding $500 million before the Nasdaq listing. Its tokenized stock cleared more than $100 million in first-day volume on Gate.
FAQ
What did Velvet do on June 10?
Velvet opened synthetic pre-IPO markets for SpaceX, OpenAI, and Anthropic on June 10 through integrations with TradeXYZ and Ventuals, allowing traders to take leveraged positions on the three private companies before any public listing.
Why did VELVET gain 249% over the past week?
VELVET gained 249% following Velvet's consolidation of Base liquidity onto Aerodrome and the launch of pre-IPO markets for SpaceX, OpenAI, and Anthropic on June 10, with futures inflows reaching $1.29 billion over the period.
How much did staked VELVET increase?
Staked VELVET climbed from $1.82 million to $7.53 million at the time of reporting, while total value locked moved from $752,000 to $769,000 over the same period.
