Velvet (VELVET) Explodes 1,400% Ahead of the SpaceX IPO: A Speculative Rally or an Institutional Turning Point?

The decentralized finance protocol Velvet (VELVET), rated 49/100 by CryptoScore Pro with a market capitalization of $693.48 million and a TVL of $382,500 (+0.1% over 7 days), recorded a surge of more than 1,400% in a single week. This performance coincides with the announcement of SpaceX's historic IPO, valued at $135 billion , and its stock debut on Hyperliquid (HYPE) at $177 per share. Traders are speculating on a link between the enthusiasm for tokenized assets and the rise of cryptocurrencies, while Velvet, which positions itself as a gateway between DeFi and TradFi, is indirectly benefiting from this momentum. The facts The price of VELVET jumped more than 1,400% in one week, propelling the project among the best performers in the crypto market. This increase comes in a context marked by the tokenization of traditional assets, notably with the SpaceX IPO, whose price was set at $135 billion . The initial listing of the SpaceX stock on Hyperliquid settled at $177 , a level 31% higher than the issue price. Hyperliquid (HYPE), a decentralized exchange for perpetual contracts built on its own Layer 1, shows a market capitalization of $13.43 billion and a trading volume of $56.99 million over 24 hours. At the same time, Binance launched bStocks , a tokenized securities platform, following regulatory approval of its prospectus by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). For its part, Dinari deployed its dShares on Avalanche's C-Chain, enabling 24/7 access to US stocks via the blockchain. These initiatives illustrate an acceleration in the adoption of tokenized assets by institutional players. Why it matters VELVET's rally reflects intense speculation on assets linked to the SpaceX IPO, but also growing demand for institutional DeFi solutions. VELVET's score (49/100) suggests a project still in a maturation phase, with a high risk of volatility. However, its positioning as a bridge between decentralized and traditional finance could make it a key player in the tokenized assets ecosystem. The SpaceX IPO on Hyperliquid marks a turning point for tokenized assets, with a listing on a decentralized platform, an unprecedented phenomenon. Trading volumes on Hyperliquid and VELVET's market capitalization indicate growing interest in these innovations. The regulatory approval of Binance bStocks by the ADGM and the launch of dShares on Avalanche also highlight an acceleration in institutional adoption, although regulatory risks persist, particularly in Europe where MiCA does not yet cover these products. What to watch The performance of the SpaceX stock on Hyperliquid and its trading volumes could validate or invalidate VELVET's rally. Developments in the CLARITY Act in the United States and the ADGM's decisions on tokenized securities could determine the trajectory of assets like VELVET. Regulatory announcements in Europe, notably the application of MiCA, could influence the adoption of tokenized assets. Increasing competition between Binance, Dinari and Hyperliquid could dilute VELVET's competitive advantage. Risks related to the tokenization of traditional assets, particularly in terms of compliance and security, remain a major challenge. Finally, recent warnings about the risks of agentic AI for digital trust underscore the importance of security and transparency in the crypto ecosystem, as tokenized assets gain popularity.