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Velodrome V2(AERO)

Q: How much trading volume does Velodrome V2 process?

Velodrome V2 processed $9.77m in DEX volume over the past 30 days.

Total Value Locked$4.71m

TVL by Chain

OP Mainnet$4.61m

Ink$43,584

BOB$32,814

Mode$11,940

Fraxtal$5,149

Soneium$3,090

Celo$167.50

Unichain$8.17

Lisk$0

Superseed$0

Swellchain$0

Key Metrics

Fees 30d$56,996

Fees 30d by chain

OP Mainnet$56,851

Mode$65.68

Fraxtal$25.86

Ink$23.32

Lisk$20.34

BOB$8.47

Soneium$2.81

Celo$0

Unichain$0

Fees 7d$2,055

OP Mainnet$2,046

Ink$6.42

Mode$4.21

Fraxtal$0.66

Soneium$0.51

BOB$0.17

Celo$0

Unichain$0

Fees 24h$131

OP Mainnet$130

Ink$0.55

Fraxtal$0.12

Mode$0.10

BOB$0.01

Soneium$0.01

Celo$0

Unichain$0

Cumulative Fees$30.52m

OP Mainnet$28.34m

Ink$1.17m

Lisk$745,991

Mode$192,141

Soneium$39,815

Fraxtal$16,374

Swellchain$7,263

BOB$5,394

Unichain$0.21

Celo$0

Revenue 30d$54,272

Revenue 30d by chain

OP Mainnet$54,212

Fraxtal$25.86

Lisk$18.93

Mode$7.52

Ink$2.17

Soneium$1.87

BOB$0

Celo$0

Unichain$0

Revenue 7d$1,299

OP Mainnet$1,296

Fraxtal$0.66

Mode$0.39

Ink$0.36

Soneium$0.34

BOB$0

Celo$0

Unichain$0

Revenue 24h$87.28

OP Mainnet$87.10

Fraxtal$0.12

Ink$0.04

Mode$0.01

BOB$0

Celo$0

Soneium$0

Unichain$0

Cumulative Revenue$30.51m

OP Mainnet$28.33m

Ink$1.17m

Lisk$745,980

Mode$191,975

Soneium$39,811

Fraxtal$16,374

Swellchain$7,263

BOB$5,311

Unichain$0.21

Celo$0

Holders Revenue 30d$50,382

Holders Revenue 30d by chain

OP Mainnet$50,337

Fraxtal$22.60

Lisk$13.73

Mode$5.99

Ink$1.35

Soneium$1.07

BOB$0

Celo$0

Unichain$0

Holders Revenue 7d$0

BOB$0

Celo$0

Fraxtal$0

Ink$0

Mode$0

OP Mainnet$0

Soneium$0

Unichain$0

Holders Revenue 24h$0

BOB$0

Celo$0

Fraxtal$0

Ink$0

Mode$0

OP Mainnet$0

Soneium$0

Unichain$0

Cumulative Holders Revenue$30.51m

OP Mainnet$28.33m

Ink$1.17m

Lisk$745,975

Mode$191,973

Soneium$39,810

Fraxtal$16,371

Swellchain$7,263

BOB$5,311

Unichain$0.21

Celo$0

DEX Volume 30d$9.77m

DEX Volume 30d by chain

OP Mainnet$9.71m

Mode$22,884

Fraxtal$9,531

BOB$8,546

Ink$8,063

Lisk$6,746

Soneium$941.90

Celo$0

Unichain$0

DEX Volume 7d$874,476

OP Mainnet$870,023

Ink$2,195

Mode$1,519

Fraxtal$444.51

Soneium$171.21

BOB$122.22

Celo$0

Unichain$0

DEX Volume 24h$39,809

OP Mainnet$39,482

Ink$197

Fraxtal$82.19

Mode$32.90

BOB$13.04

Soneium$2.10

Celo$0

Unichain$0

Cumulative DEX Volume$3.642b

OP Mainnet$3.608b

Lisk$10.7m

Mode$9.72m

Swellchain$6.23m

Fraxtal$3.32m

Ink$1.92m

Soneium$652,018

BOB$565,372

Unichain$38,256

Celo$750.95

Protocol Information

A revolutionary new AMM based on Solidly launched on Optimism.

Website X/Twitter

Category:Dexs

Sub Category: ve(3,3)

Audits:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol Fees: Per-pool swap fee read from PoolFactory.getFee (default vAMM 0.30% / sAMM 0.05%, customizable per pool) applied to each swap, plus external bribes deposited by third parties to voter-incentive contracts.Revenue: Swap fees earned by liquidity staked in gauges and bribes, paid to veVELO voters, plus the staked-liquidity fees locked in the gauges since their last fee distribution ahead of the Aero upgrade (2026-10-15 on Optimism and Ink, earlier on the other chains).Holders Revenue: Swap fees earned by liquidity staked in gauges until the gauges last distributed fees ahead of the Aero upgrade (2026-10-15 on Optimism and Ink, earlier on the other chains), plus bribes until voting ended on 2026-10-22, all paid to veVELO voters.DEX Volume: Swap volume across Velodrome v2 (non-CL) pools, counted once per swap from the core-asset side.

Yields

Pools Tracked53

Average Supply APY1,033.63%

Competitors

Velodrome V3 ($5.44m)Uniswap V3 ($1.514b)Uniswap V4 ($1.18b)Curve DEX ($1.08b)DyorSwap AMM ($1.69m)Uniswap V2 ($866.98m)DackieSwap V3 ($26,346)DackieSwap V2 ($24,461)Archly V2 ($963.35)Aero Slipstream ($144.05m)

Income statement for Velodrome V2

YearlyQuarterlyMonthlyCumulative

	Q4 2026*	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Gross Protocol Revenue	$91.79K	$297.88K	$416.36K	$500.92K	$976.1K	$1.13M	$817.49K	$1.55M	$3.19M	$3.61M	$6.59M	$4.97M	$2.98M	$3.39M
Token Swap Fees	$30.79K	$69.12K	$33.64K	$52.86K	$158.86K	$137.63K	$159.62K	$376.74K	$720.69K	$358.28K	$747.65K	$1.05M	$668.22K	$267.07K
External Bribes Rewards	$61K	$228.77K	$382.73K	$448.06K	$817.23K	$993.68K	$657.88K	$1.18M	$2.47M	$3.25M	$5.85M	$3.93M	$2.31M	$3.12M
Cost of Revenue	$3.53K	$4.54K	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Unstaked-LP Swap Fees	$3.53K	$4.54K	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Gross Profit	$88.26K	$293.34K	$416.36K	$500.92K	$976.1K	$1.13M	$817.49K	$1.55M	$3.19M	$3.61M	$6.59M	$4.97M	$2.98M	$3.39M
Swap Fees To Voters	$0	$9.38K	$33.64K	$52.86K	$158.86K	$137.63K	$159.62K	$376.74K	$720.69K	$358.28K	$747.65K	$1.05M	$668.22K	$267.07K
External Bribes Revenue	$61K	$228.77K	$382.73K	$448.06K	$817.23K	$993.68K	$657.88K	$1.18M	$2.47M	$3.25M	$5.85M	$3.93M	$2.31M	$3.12M
Staked-LP Swap Fees	$23.27K	$55.21K	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Staked-LP Fees Locked In Deactivated Gauges	$3.98K	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Earnings	$88.26K	$293.34K	$416.36K	$500.92K	$976.1K	$1.13M	$817.49K	$1.55M	$3.19M	$3.61M	$6.59M	$4.97M	$2.98M	$3.39M
Token Holder Net Income	$84.28K	$293.34K	$416.36K	$500.92K	$976.1K	$1.13M	$817.49K	$1.55M	$3.19M	$3.61M	$6.59M	$4.97M	$2.98M	$3.39M
Swap Fees To Voters	$0	$9.38K	$33.64K	$52.86K	$158.86K	$137.63K	$159.62K	$376.74K	$720.69K	$358.28K	$747.65K	$1.05M	$668.22K	$267.07K
External Bribes Revenue	$61K	$228.77K	$382.73K	$448.06K	$817.23K	$993.68K	$657.88K	$1.18M	$2.47M	$3.25M	$5.85M	$3.93M	$2.31M	$3.12M
Staked-LP Swap Fees	$23.27K	$55.21K	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0

Income flow visualization

YearlyQuarterlyMonthlyCumulative

Velodrome V2 history

TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jun 23, 2023 to Nov 7, 2026.

All-time high TVL: $256.87m on Jul 30, 2023. All-time low TVL: $254,014 on Jun 23, 2023.

Daily TVL, Oct 9, 2026 to Nov 7, 2026

Date	TVL
Oct 9, 2026	$17.1m
Oct 10, 2026	$17.18m
Oct 11, 2026	$17.69m
Oct 12, 2026	$17.73m
Oct 13, 2026	$17.3m
Oct 14, 2026	$17.64m
Oct 15, 2026	$17.21m
Oct 16, 2026	$17.4m
Oct 17, 2026	$17.23m
Oct 18, 2026	$17.12m
Oct 19, 2026	$16.88m
Oct 20, 2026	$13.56m
Oct 21, 2026	$13.99m
Oct 22, 2026	$11.88m
Oct 23, 2026	$7.03m
Oct 24, 2026	$5.92m
Oct 25, 2026	$5.72m
Oct 26, 2026	$5.59m
Oct 27, 2026	$5.54m
Oct 28, 2026	$5.46m
Oct 29, 2026	$5.42m
Oct 30, 2026	$5.09m
Oct 31, 2026	$5.06m
Nov 1, 2026	$5.06m
Nov 2, 2026	$5.04m
Nov 3, 2026	$4.95m
Nov 4, 2026	$4.92m
Nov 5, 2026	$5.09m
Nov 6, 2026	$4.73m
Nov 7, 2026	$4.72m

TVL at each month end, Dec 2024 to Nov 2026

Date	TVL
Dec 31, 2024	$100.94m
Jan 31, 2025	$76.71m
Feb 28, 2025	$46.28m
Mar 31, 2025	$41.3m
Apr 30, 2025	$36.91m
May 31, 2025	$39.67m
Jun 30, 2025	$37.87m
Jul 31, 2025	$42.29m
Aug 31, 2025	$39.52m
Sep 30, 2025	$38.84m
Oct 31, 2025	$31.5m
Nov 30, 2025	$23.96m
Dec 31, 2025	$21.41m
Jan 31, 2026	$19.82m
Feb 28, 2026	$16.44m
Mar 31, 2026	$17m
Apr 30, 2026	$16.74m
May 31, 2026	$13.16m
Jun 30, 2026	$12.24m
Jul 31, 2026	$14.74m
Aug 31, 2026	$15.41m
Sep 30, 2026	$17.29m
Oct 31, 2026	$5.06m
Nov 7, 2026 (latest)	$4.72m

TVL at each year end, Dec 31, 2023 to Dec 31, 2025

Date	TVL
Dec 31, 2023	$152.88m
Dec 31, 2024	$100.94m
Dec 31, 2025	$21.41m

Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Nov 2026

Month	Fees	Revenue	Holders revenue
Dec 2024	$1.32m	$1.32m	$1.32m
Jan 2025	$795,526	$795,526	$795,526
Feb 2025	$462,286	$462,286	$462,286
Mar 2025	$297,184	$297,184	$297,184
Apr 2025	$252,074	$252,074	$252,074
May 2025	$294,194	$294,194	$294,194
Jun 2025	$271,217	$271,217	$271,217
Jul 2025	$399,243	$399,243	$399,243
Aug 2025	$368,255	$368,255	$368,255
Sep 2025	$363,809	$363,809	$363,809
Oct 2025	$413,889	$413,889	$413,889
Nov 2025	$284,763	$284,763	$284,763
Dec 2025	$277,449	$277,449	$277,449
Jan 2026	$141,053	$141,053	$141,053
Feb 2026	$174,889	$174,889	$174,889
Mar 2026	$184,982	$184,982	$184,982
Apr 2026	$143,517	$143,517	$143,517
May 2026	$160,784	$160,784	$160,784
Jun 2026	$112,063	$112,063	$112,063
Jul 2026	$95,982	$95,982	$95,982
Aug 2026	$79,591	$78,034	$78,034
Sep 2026	$122,306	$119,322	$119,322
Oct 2026	$89,800	$86,990	$84,278
Nov 2026 (to date)	$1,993	$1,265	$0

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/velodrome-v2

Frequently asked questions

What is Velodrome V2's TVL?

As of Nov 7, 2026, Velodrome V2 has $4.71m in total value locked. TVL has decreased 72.6% over the past 30 days.

What chains does Velodrome V2 operate on?

Velodrome V2 operates on 11 chains: OP Mainnet, Ink, BOB, Mode, and Fraxtal and 6 others. OP Mainnet holds the largest share at 97.9%.

How much has Velodrome V2 generated in fees and revenue?

Over the past 30 days, Velodrome V2 generated $56,996 in fees. Of that, $54,272 was protocol revenue. Based on the trailing year, the annualized rate is $1.8m in fees and $1.8m in revenue.

How does Velodrome V2's TVL compare to similar protocols?

Among Dexs protocols tracked by DefiLlama, Velodrome V2 ranks #112 by TVL. The category holds $12.609b across 1,932 protocols, and Velodrome V2 accounts for <0.1% of that total. Similar protocols include Velodrome V3, Uniswap V3, Uniswap V4, Curve DEX, DyorSwap AMM, Uniswap V2, DackieSwap V3, DackieSwap V2, Archly V2, and Aero Slipstream.

How much trading volume does Velodrome V2 process?

Velodrome V2 processed $9.77m in DEX volume over the past 30 days.