# Velo (VELO) — crypto price, market cap and strength versus Bitcoin > Velo trades at $0.0036 with a market capitalisation of $60.4M (rank 396). Over 90 days it is +29.9% against Bitcoin and sits below its 200-day average. RWA as a theme is -9.1% against Bitcoin over 13 weeks. Price readings run through 2026-07-31. ## Agent research brief - What this coin is: Velo (VELO), a RWA token of $60.4M at market-cap rank 396. On-chain activity is sourced from protocol. - What the tape says: +29.9% versus Bitcoin over 90 days; below its 200-day average. RWA as a theme is -9.1% against Bitcoin over 13 weeks. - What the evidence supports: 42.2/100 inside RWA on 91% evidence (82% of it native activity). Price leads usage. Wait for fees, users or TVL to confirm the move. - What is missing: There is no valuation band for any coin on this site: historical market capitalisation is not held, so no PE-style range can be built. Velo does publish network fees, protocol revenue, total value locked. Theme: RWA (/mla/crypto/sector/rwa). Price 2026-07-31; market-cap snapshot 2026-07-04. ## Price, returns and risk Velo is -75.5% over one year, +9.8% over 90 days and +14.5% over 30 days. Annualised 30-day volatility is 82%. Its deepest fall from a high inside the last 90 days is 33%. It trades below its 200-day average, which is falling. - Price: $0.0036 - Market cap: $60.4M (rank 396) - Returns: 7d -6.5%; 30d +14%; 90d +9.8%; 180d -22%; 1y -75% - RS versus Bitcoin, 90d: +30% - 30-day volatility: 82% annualised; deepest 90-day fall 33% - 200-day average: $0.0038, trading below it ## Protocol economics Velo publishes 3 of the six network-economics series this site tracks: network fees, protocol revenue, total value locked. Network fees over the last four complete quarters is $2.9K. Network activity is evidence about the protocol, not earnings owed to the token. Readings run to the Q2 2026 quarter. - Network fees: trailing four quarters $2.9K; change -36%; covered 8/20 quarters - Protocol revenue: trailing four quarters $2.9K; change -37%; covered 8/20 quarters - Total value locked: latest quarter $56.4K; change -56%; covered 8/20 quarters ## Research score Velo: 42.2/100 — Illiquid · research only; 26.8 + 7.7 + 1.9 + 5.8 = 42.2; evidence 91%; native evidence 82%; rank 17 of 32 rated RWA coins Decision use: Price leads usage. Wait for fees, users or TVL to confirm the move. This weakens if: The read weakens if 90-day RS versus BTC falls below zero with two weekly closes below the 200-DMA, or native activity contracts for two complete calendar quarters. No valuation band exists for any coin on this site: historical market capitalisation is not held, so no company-style valuation range can be built. ## RWA scorecard Velo is one of 42 RWA coins here, 32 of which carry enough evidence to be rated and ranked. Velo ranks 17 of those 32 on 91% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked. - 1. Ondo (ONDO): score 69.2; evidence 50%; Tape-led · on-chain proof incomplete - 2. Injective (INJ): score 68.8; evidence 55%; Tape-led · on-chain proof incomplete - 3. Stellar (XLM): score 62.6; evidence 55%; Tape-led · on-chain proof incomplete - 4. XDC Network (XDC): score 55.3; evidence 55%; Tape-led · on-chain proof incomplete - 5. Quant (QNT): score 55.2; evidence 50%; Tape-led · on-chain proof incomplete - 6. Centrifuge (CFG): score 53.5; evidence 50%; Tape-led · on-chain proof incomplete - 7. STAU (STAU): score 51.4; evidence 50%; Illiquid · research only - 8. Reserve Rights (RSR): score 51.3; evidence 71%; Tape-led · on-chain proof incomplete - 9. Plume (PLUME): score 51; evidence 76%; Mixed · market gate closed - 10. StrikeX (STRX): score 48.2; evidence 17%; Illiquid · research only - 11. RedStone (RED): score 48.2; evidence 12%; Illiquid · research only - 12. Algorand (ALGO): score 48.1; evidence 55%; Tape-led · on-chain proof incomplete - 13. RE (RE): score 47.9; evidence 23%; Tape-led · on-chain proof incomplete - 14. Maple Finance (SYRUP): score 47.2; evidence 50%; Tape-led · on-chain proof incomplete - 15. Usual (USUAL): score 45.1; evidence 71%; Tape-led · on-chain proof incomplete - 16. Clearpool (CPOOL): score 42.3; evidence 50%; Illiquid · research only - 17. Velo (VELO) [this coin]: score 42.2; evidence 91%; Illiquid · research only - 18. Casper Network (CSPR): score 42.2; evidence 50%; Illiquid · research only - 19. MANTRA (MANTRA): score 42.2; evidence 48%; Tape-led · on-chain proof incomplete - 20. Ravencoin (RVN): score 41.3; evidence 50%; Illiquid · research only - 21. KAIO (KAIO): score 40.9; evidence 28%; Illiquid · research only - 22. Polymesh (POLYX): score 40.5; evidence 50%; Illiquid · research only - 23. Energy Web Token (EWT): score 40; evidence 55%; Illiquid · research only - 24. Epic Chain (EPIC): score 39; evidence 50%; Illiquid · research only - 25. Zebec Network (ZBCN): score 39; evidence 50%; Tape-led · on-chain proof incomplete - 26. Keeta (KTA): score 37.8; evidence 50%; Illiquid · research only - 27. LCX (LCX): score 37.6; evidence 50%; Illiquid · research only - 28. OpenEden (EDEN): score 35; evidence 50%; Illiquid · research only - 29. Creditcoin (CTC): score 34.4; evidence 50%; Illiquid · research only - 30. DUSK (DUSK): score 34.1; evidence 50%; Illiquid · research only - 31. Chintai (CHEX): score 33; evidence 50%; Illiquid · research only - 32. DeFiChain (DFI): score 32.9; evidence 59%; Illiquid · research only ## Limitations - Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders. - Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag. - No valuation band exists for any coin: historical market capitalisation is not held at all. - Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred. - The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal. ## FAQs ### What is Velo (VELO)? Velo is a RWA cryptocurrency tracked here by price, market capitalisation and strength against Bitcoin, with on-chain activity from protocol. It is one of 42 RWA coins on this site. Readings are as of 2026-07-31. ### What is the market cap of Velo? Velo's market capitalisation is $60.4M, ranking it 396 in the top-1,000 crypto universe. That figure is a dated snapshot from 2026-07-04, refreshed separately from the daily price series, so it can lag the price shown above. ### Is Velo beating Bitcoin? Velo is +29.9% against Bitcoin over 90 days, and its own theme, RWA, is -9.1% over 13 weeks. It trades below its 200-day average as of 2026-07-31. ### Does Velo have a P/E ratio? No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead. ### What is Velo's research score? 42.2/100 within RWA, ranked 17 of 32 rated RWA coins, on 91% evidence: 26.8 + 7.7 + 1.9 + 5.8 = 42.2. It is labelled “Illiquid · research only”. The score ranks research attention inside one theme, never portfolio action. ### How much Velo history does this page show? Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics Velo actually publishes. Here that is network fees, protocol revenue, total value locked. ### Does Velo generate network fees? Velo's trailing twelve-month network fees is $2.9K, down 36.4% on the year-earlier period. Network activity is not token-holder earnings: whether it accrues to the token depends on the protocol's own burn, buyback and distribution rules.