Buy & Swap Velvet (VELVET)

What Velvet says it is

Velvet's documentation describes the project as an on-chain trading ecosystem that combines AI, social intelligence and multi-chain execution, where traders discover opportunities, analyse them with AI and execute across chains from a self-custodial wallet. The documentation frames the stack as SocialFAI — social plus decentralised finance plus AI — and lists five ways to use it.

Those five are: VelvetX, a flagship trading app in invite-only early access; the earlier public Trading Terminal; a multi-agent AI framework for research and execution; on-chain vaults for shared portfolios; and white-label infrastructure that lets teams launch branded trading apps on Velvet's engine.^{[1], [2]}

How it works

The site describes the terminal as an all-in-one platform for spot, perpetuals and yield trades with TradingView charts, advanced order types and routing across multiple liquidity sources including Jupiter, 1inch, 0x, KyberSwap and others. It states the terminal connects to chains including Base, Ethereum, BNB Chain, Solana, Hyperliquid, Monad and Sonic, with an AI-powered routing engine and MEV protection.

The vault contracts let traders and communities create shared on-chain portfolios where depositors and managers interact with the same smart contracts and assets remain non-custodial. The documentation is explicit that vaults are created and operated by their creators, with Velvet providing the infrastructure, and that Velvet is self-custodial software that does not provide investment advice.

The AI framework is described as a multi-agent system in which users research tokens, evaluate risk and momentum, and prepare or execute trades through natural language, with all actions initiated and controlled by the user. The documentation also maintains a product roadmap and a security and audits section, and notes that new features ship to VelvetX first while the older terminal remains supported for existing users.^{[3], [4], [5]}

What VELVET is used for

The site announces that the VELVET token is live, and the documentation covers governance, fees and an airdrop among its sections, indicating the token's roles in the ecosystem's governance and fee-reward programmes. The site mentions fee cashback and rewards programmes tied to trading activity.

The site also states the platform is backed by YZi Labs (formerly Binance Labs) and cites figures of 100,000-plus users and 500 million dollars traded on-chain; these are self-reported and treated here as the project's own claims.^{[6], [7], [8]}

Risks and open questions

Velvet is a young, multi-product ecosystem, and its flagship app is still in invite-only early access, so much of the described stack is not yet generally available. AI-assisted trading features depend on user-initiated actions, but the quality of AI analysis is not something the documentation can guarantee.

The usage figures and audit claims on the site are self-reported; the documentation lists security and audits sections, but the underlying audit reports were not independently reviewed for this profile.

What the official sources do not say

UNKNOWN from official sources: the detailed tokenomics of VELVET (supply, distribution and emission schedule), the current scale of vault assets under management, and the timeline for VelvetX to leave invite-only access.

It is not predicted here.