On September 13, according to real-time official spot market data from the globally renowned digital asset trading platform MGBX (Note: MGBX is known for its compliant operations and focus on high-quality emerging crypto assets, with its spot trading segment often becoming an important window for discovering potential projects in the market), the popular DeFi token VELVET experienced explosive growth in intraday trading. The token price successfully broke through the critical resistance level of 0.22 USDT during the day, reaching a high of 0.225 USDT. Although there was a slight pullback afterward, as of the time of writing, it was reported at 0.19 USDT, yet it still maintains strong momentum—with a 24-hour increase of up to 130.6%. If extended over time, the cumulative increase since its launch on MGBX has exceeded 420%, making it one of the most outstanding tokens in the recent crypto market.
From the market size perspective, with the price increase, the circulating market value of VELVET has risen simultaneously, currently surpassing 54 million USD (based on the current price of 0.19 USDT and the officially disclosed circulating supply). This data not only reflects the continuous increase in market recognition of this token but also shows investors' confidence in the ecological value of the project behind it.
In-depth project analysis: Velvet Capital, simplifying DeFi investment as an 'operating system'
Why was VELVET able to quickly ignite market enthusiasm after landing on MGBX? This is closely related to the core positioning and technological advantages of the project behind it—Velvet Capital. As an 'operating system-level' solution focused on the DeFi field, Velvet Capital's core goal is to address the pain points of the current DeFi ecosystem, such as 'high thresholds, complex operations, and fragmented asset management', allowing ordinary users to easily participate in professional on-chain investments.
Specifically, its core functions include three major sectors: first, a one-stop portfolio management system, where users can centrally manage assets from multiple public chains (such as Ethereum, BSC, Polygon, etc.) on the platform without frequently switching wallets. The platform also provides intelligent asset allocation suggestions to help users adjust their holdings based on risk preferences; second, a low-code asset creation tool, where both individual investors and institutions can quickly create compliant DeFi products (such as liquidity mining pools, structured financial products, etc.) through the platform's visual tools without needing complex blockchain development skills; third, cross-chain liquidity optimization, which effectively addresses the efficiency issues of asset transfers between different public chains and reduces users' cross-chain trading costs through partnerships with mainstream cross-chain protocols.
In addition, the team background of Velvet Capital adds considerable value to the project—core members come from traditional financial institutions (such as Goldman Sachs, Morgan Stanley) and leading blockchain companies (such as the Ethereum Foundation, Chainlink), combining financial compliance experience with blockchain technical strength. This is also one of the important reasons why the market has confidence in its long-term value.
Market response: Balancing short-term enthusiasm and long-term value
Regarding VELVET's market explosion on MGBX, industry analysts believe that, in addition to the project's intrinsic value support, it is also related to the recent overall warming of the DeFi sector and the traffic boost from the MGBX platform. However, it is important to note that the cryptocurrency market is highly volatile, and there may be a risk of pullback after a significant short-term increase. Investors need to view the market rationally and judge investment value from multiple dimensions, considering project fundamentals, the overall market environment, and avoiding blind chasing of high prices.
In the long term, as the DeFi ecosystem develops towards 'inclusiveness and professionalism', infrastructure projects like Velvet Capital, which focus on 'lowering thresholds and improving efficiency', are expected to gain an advantage in industry competition. Whether it can continue to optimize user experience and expand ecological cooperation scenarios through technological iterations will be key to determining its long-term market performance.
