Velvet

Velvet (VELVET) is the native token of an AI-focused decentralized finance project spanning BNB Chain and Base. Positioned at the intersection of artificial intelligence and DeFi, and backed by YZi Labs (formerly Binance Labs), VELVET aims to bring smarter, more automated tools to on-chain asset management and trading.

What is Velvet?

Velvet operates in the emerging AI Applications and DeFi space, building infrastructure for managing crypto assets and strategies on-chain. Its categorization across BNB Chain and Base ecosystems signals a multi-chain approach, and its backing from YZi Labs — one of the more prominent crypto venture arms — gives it credibility and resources uncommon for a project of its size. VELVET is the token that ties the platform's usage and incentives together.

How does Velvet work?

As a multi-chain DeFi and AI application, Velvet deploys smart contracts on BNB Chain and Base rather than running its own blockchain, so VELVET inherits those networks' security and low transaction costs. The AI angle typically means using data-driven tooling to help users build, manage or automate portfolios and strategies, though specifics depend on the platform's evolving product set. VELVET functions as the utility and coordination token across that stack.

• AI-focused DeFi project on BNB Chain and Base
• Backed by YZi Labs (formerly Binance Labs)
• Multi-chain smart-contract deployment
• VELVET used for utility and ecosystem incentives

Velvet tokenomics and supply

VELVET has a fixed maximum supply of 1 billion tokens, with roughly 421 million currently circulating — meaning well over half the supply is still to be released over time. That unreleased portion is worth watching, since scheduled unlocks to the team, investors and ecosystem programs can add supply to the market. The capped design gives VELVET a clear ceiling, but demand will ultimately determine how the circulating tokens are valued.

What is Velvet used for?

VELVET is used within the platform's AI-driven DeFi products — for access, incentives and governance-style coordination as the ecosystem develops. Its combined AI and DeFi positioning targets users who want automated or intelligence-assisted approaches to on-chain finance rather than purely manual trading.

Where to buy Velvet

VELVET trades on exchanges supporting BNB Chain and Base assets. Compare fees, liquidity and regional access using our best crypto exchanges ranking before buying. For self-custody, our best crypto wallets guide covers EVM-compatible wallets that support both BNB Chain and Base so you can hold VELVET securely.

Is Velvet a good investment?

Velvet benefits from strong backing and a timely AI-plus-DeFi narrative, but AI crypto is a crowded, hype-prone category, and a large unreleased supply means dilution risk ahead. VELVET has ranged from an all-time high near $2.07 to lows around $0.04, reflecting high volatility. This is not financial advice — consider execution, token unlocks and market conditions before any exposure.