Velar (VELAR)
CryptoScore Pro global score : 33/100 (computed on 2026-10-30)
Velar (VELAR) is a decentralized finance (DeFi) protocol that aims to connect Bitcoin (BTC) and other assets with the rest of the blockchain ecosystem, thereby facilitating cross-chain liquidity and yield generation. The project relies on the Bitcoin network as its primary base layer, while simultaneously integrating with Ethereum Virtual Machine (EVM) compatible chains to support DeFi functions such as lending, borrowing, and trading. Velar seeks to solve the problem of fragmented Bitcoin liquidity by providing a native layer for decentralized applications (dApps) that interact with Bitcoin-linked assets, thus reducing reliance on wrapped tokens like wBTC. Technically, Velar operates as a Layer 2 solution for Bitcoin, utilizing a consensus mechanism that combines Proof of Stake (PoS) for security and a custom rollup scheme to optimize transaction performance and cost. The VELAR token has multiple utilities within the ecosystem, including governance rights, staking for network security, and payment of transaction fees. The project emphasizes interoperability, allowing users to deploy Bitcoin-linked assets across multiple chains without the risk of centralized management. The…
Scores by pillar
| Technology | 40/100 |
|---|---|
| Tokenomics | 47/100 |
| Team | 54/100 |
| Adoption | 13/100 |
| Liquidity | 23/100 |
| Compliance | 55/100 |
Market data
| Price | $0.0001632 |
|---|---|
| Market cap | $57,822.44 |
| 24h volume | $2.17 |
| Market cap rank | #3823 |
| 24h change | -5.75% |
| 7d change | +3.97% |
| Blockchain | ethereum |
| Sector | DeFi |
Analysis
Velar uses a custom rollup, a data compression mechanism, on Bitcoin. This Layer 2 protocol combines Proof of Stake, a stake-based consensus, to secure transactions and optimize costs. The token is used for staking, fee payment and governance.