Velocity
Not enough dataVelocity is a decentralized perpetual futures exchange on Solana.
Velocity at a glance
- Launched
- Not verified yet
- Trading fees (base tier)
- Not verified yet
- Maximum leverage
- 20× source ↗official data API limits.leverage.max: SOL/BTC/ETH 20x, HYPE/ZEC 10x; homepage: 'Trade up to 20x on select perps'
- Perp markets
- About 5 source ↗5 perp markets (SOL, BTC, ETH, HYPE, ZEC) with marketType perp and status active; homepage: 'Tradfi Market Coming Soon'
- Collateral
- USDT (quote/settlement, counts in full) plus wBTC, wETH, SOL and ZEC spot deposits as cross-margin collateral source ↗spot markets in the API: USDT, SOL, wBTC, wETH, ZEC; homepage names wBTC, wETH, SOL and USDT
- KYC
- Not required (connect a Solana wallet) source ↗no KYC step in onboarding docs
- Restricted regions
- United States Persons (perpetual contracts), Antigua and Barbuda, Algeria, Bangladesh, Bolivia, Belarus, Burundi, Canada, Cote d'Ivoire, Cuba, Democratic Republic of Congo, Ecuador and 21 more source ↗Terms of Use (last updated November 2025), section 3.1.4; text file loaded by https://docs.velocity.exchange/protocol/legal-and-regulations/terms-of-use
- Audits
- OtterSec — Velocity program after the Drift fork (review Jun 19 - Jul 20 2026, final report Sep 3 2026; 154 findings, 41 High, all High fixed); Trail of Bits — pre-fork Drift Protocol v2 codebase (2022-2023); Neodyme — pre-fork Drift Protocol v2 codebase (2024) source ↗
- Incidents
- None found in official sources
- Points program
- Not verified yet
- Referral program
- Yes. Benefit for the referred trader: “5% off their taker fee” source ↗table 'The referee receives: 5% off their taker fee'; homepage: 'they pay 5% less on every trade'; only new wallets; docs note rewards/discount depend on the BuilderCodes feature bit being set
From Velocity’s own documentation, terms, API or official posts, checked 08 Oct 2026. Terms change; confirm on the venue before trading. “Not verified yet” means we could not confirm it from an official source.
Velocity trend: Not enough data
No metric has enough comparable history on a sufficient base yet. The label counts metric directions; it is not a score and not investment advice.
Rank by open interest: #60 now · not ranked 30 days ago · not ranked 90 days ago (among venues reporting that day)
| Metric | 30 days | 90 days | Coverage | Reading |
|---|---|---|---|---|
| Open interest | — | — | 17% | Not enough daily history yet |
| User fees | — | — | — | Not enough daily history yet |
| Trading volume | — | — | — | Not enough daily history yet |
Thresholds: open interest ±25%, fees ±30%, volume ±40% over 30 days; the 90-day move must agree at half the threshold. Incentive campaigns can lift activity temporarily.
Activity over time
Open interest · daily
DefiLlama daily open interest · 10 days · 29 Sep 2026 – 08 Oct 2026
Gaps are not joined. The scale starts near the series minimum, not at zero.
Onchain perpetual futures exchange on Solana with cross-margin trading and an integrated lending market that lets deposited collateral simultaneously earn lending interest.
Project description as listed on DefiLlama
Velocity: common questions
What is Velocity’s open interest?
Velocity had $129.49K of open interest according to DefiLlama on 08 Oct 2026 · 12:17 UTC, ranking #60 of 91 perp DEXs we track by open interest. That is 0.0% of the combined open interest of the tracked venues.
Is Velocity growing?
Our current reading is “Not enough data”. The reading updates daily and requires sufficient history and a minimum base.
Does Velocity have a token?
We have not verified a tradable Velocity token. Beware of look-alike tokens using the name.
What is the maximum leverage on Velocity?
Up to 20× on some markets, according to Velocity’s documentation. Most markets allow less.
Does Velocity require KYC?
Not required (connect a solana wallet), based on Velocity’s terms and sign-up flow. Access rules can change by country.
Does Velocity have a referral program?
Yes. Benefit for the referred trader: “5% off their taker fee”.
Similar perp DEXs
Sources and capture details
- DefiLlama oi history for listing “velocity”, fetched 08 Oct 2026 · 12:17 UTC, SHA-256
b25b0d2d7f8f6ea4…
Open interest and fees: DefiLlama, captured 08 Oct 2026 · 12:17 UTC. 24h volume: CoinGecko derivatives exchange data (rolling 24 hours, converted from BTC), captured 08 Oct 2026 · 12:16 UTC. Token prices and 30-day price change: CoinGecko, at the time shown on each venue page; a parent-project or chain token is labelled and is not evidence of a claim on exchange revenue. Changes compare the last 30 days with the previous 30 days (OI as a daily average, fees as a total) and need at least 95% daily coverage. A trend label needs the 30-day move to pass a threshold (OI ±25%, fees ±30%) on a minimum base (OI ≥ $5M, fees ≥ $100K per 30 days); with 90 days of history both horizons must agree. Venue-reported volume is not audited; ⚑ marks volume above 25× open interest. “—” means unavailable, never zero. Full method ↗