# Velodrome

> Track Velodrome's fees, revenue, TVL and active users with daily on-chain data across 6 chains. Compare Velodrome with other exchanges (DEX). Updated daily.

Source: [Velodrome on Token Terminal](https://tokenterminal.com/explorer/projects/velodrome). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Token: VELO
- Sectors: Exchanges (DEX)
- Chains: base, celo, fantom, ink, optimism, unichain

## About

### What it is

Velodrome is a non-custodial exchange protocol built on Optimism. Velodrome was founded by veDAO members and launched in 2022.

### Who uses it

VELO tokenholders own and govern the protocol. They vote which pools they wish to earn trading fees from (revenue), while the pools' unstaked liquidity providers earn the remainder of the trading fees (supply-side fees).

### How it works

Liquidity providers deposit funds into Velodrome and stake their LP tokens to receive VELO tokens in proportion to their share of the votes (token incentives).

## Metrics

Token Terminal tracks these metrics for Velodrome daily. Each page has a chart with the full history.

- [Price](https://tokenterminal.com/explorer/projects/velodrome/metrics/price)
- [Fully diluted market cap](https://tokenterminal.com/explorer/projects/velodrome/metrics/market-cap-fully-diluted)
- [Circulating market cap](https://tokenterminal.com/explorer/projects/velodrome/metrics/market-cap-circulating)
- [Token trading volume](https://tokenterminal.com/explorer/projects/velodrome/metrics/token-trading-volume)
- [Token turnover (fully diluted)](https://tokenterminal.com/explorer/projects/velodrome/metrics/token-turnover-fully-diluted)
- [Token turnover (circulating)](https://tokenterminal.com/explorer/projects/velodrome/metrics/token-turnover-circulating)
- [Token holders](https://tokenterminal.com/explorer/projects/velodrome/metrics/tokenholders)
- [Circulating supply](https://tokenterminal.com/explorer/projects/velodrome/metrics/token-supply-circulating)
- [Total value locked](https://tokenterminal.com/explorer/projects/velodrome/metrics/tvl)
- [Trading volume](https://tokenterminal.com/explorer/projects/velodrome/metrics/trading-volume)
- [Tradeable pairs](https://tokenterminal.com/explorer/projects/velodrome/metrics/tradeable-pairs)
- [Tradeable assets](https://tokenterminal.com/explorer/projects/velodrome/metrics/tradeable-assets)
- [Fees](https://tokenterminal.com/explorer/projects/velodrome/metrics/fees)
- [Supply-side fees](https://tokenterminal.com/explorer/projects/velodrome/metrics/fees-supply-side)
- [Revenue](https://tokenterminal.com/explorer/projects/velodrome/metrics/revenue)
- [Expenses](https://tokenterminal.com/explorer/projects/velodrome/metrics/expenses)
- [Token incentives](https://tokenterminal.com/explorer/projects/velodrome/metrics/token-incentives)
- [Earnings](https://tokenterminal.com/explorer/projects/velodrome/metrics/earnings)
- [P/F ratio (fully diluted)](https://tokenterminal.com/explorer/projects/velodrome/metrics/pf-fully-diluted)
- [P/F ratio (circulating)](https://tokenterminal.com/explorer/projects/velodrome/metrics/pf-circulating)
- [P/S ratio (fully diluted)](https://tokenterminal.com/explorer/projects/velodrome/metrics/ps-fully-diluted)
- [P/S ratio (circulating)](https://tokenterminal.com/explorer/projects/velodrome/metrics/ps-circulating)
- [Liquidity turnover](https://tokenterminal.com/explorer/projects/velodrome/metrics/liquidity-turnover)
- [Active users (daily)](https://tokenterminal.com/explorer/projects/velodrome/metrics/user-dau)
- [Active users (weekly)](https://tokenterminal.com/explorer/projects/velodrome/metrics/user-wau)
- [Active users (monthly)](https://tokenterminal.com/explorer/projects/velodrome/metrics/user-mau)
- [Active addresses (daily)](https://tokenterminal.com/explorer/projects/velodrome/metrics/active-addresses-daily)
- [Active addresses (weekly)](https://tokenterminal.com/explorer/projects/velodrome/metrics/active-addresses-weekly)
- [Active addresses (monthly)](https://tokenterminal.com/explorer/projects/velodrome/metrics/active-addresses-monthly)
- [Core developers](https://tokenterminal.com/explorer/projects/velodrome/metrics/active-developers)
- [Code commits](https://tokenterminal.com/explorer/projects/velodrome/metrics/code-commits)
- [Trade count](https://tokenterminal.com/explorer/projects/velodrome/metrics/trade-count)
- [Transaction count (contracts)](https://tokenterminal.com/explorer/projects/velodrome/metrics/transaction-count-contracts)
- [Gas used](https://tokenterminal.com/explorer/projects/velodrome/metrics/gas-used)
- [Average fees per user (AFPU)](https://tokenterminal.com/explorer/projects/velodrome/metrics/afpu)
- [Average revenue per user (ARPU)](https://tokenterminal.com/explorer/projects/velodrome/metrics/arpu)
- [Average trading volume (per trade)](https://tokenterminal.com/explorer/projects/velodrome/metrics/trading-volume-avg-per-trade-count)
- [Average trading volume (per user)](https://tokenterminal.com/explorer/projects/velodrome/metrics/trading-volume-avg-per-user)
- [Take rate](https://tokenterminal.com/explorer/projects/velodrome/metrics/take-rate)

## Links

- [github](https://github.com/velodrome-finance)
- [twitter](https://twitter.com/VelodromeFi)
- [discord](https://discord.gg/velodrome)
- [etherscan](https://optimistic.etherscan.io/token/0x3c8b650257cfb5f272f799f5e2b4e65093a11a05)
- [website](https://app.velodrome.finance/)
