In 2024, Velar (VELAR) was introduced as a groundbreaking solution to bridge the gap between Bitcoin and decentralized finance (DeFi). As the "first Bitcoin Layer 2 agnostic liquidity protocol," Velar plays a crucial role in the DeFi and Bitcoin ecosystem.
As of 2025, Velar has established itself as a pioneering platform that merges Bitcoin's security with DeFi's innovation. It offers a versatile ecosystem that empowers users with new financial tools and opportunities, setting a new standard for Bitcoin's integration into the DeFi space.
Velar was created in 2024 to address the limited DeFi capabilities within the Bitcoin ecosystem. It emerged during a period of growing interest in expanding Bitcoin's utility beyond a store of value. Velar aimed to unlock Bitcoin's potential in decentralized finance, providing a platform that combines the robustness of Bitcoin with the innovative possibilities of DeFi.
Supported by its community and development team, Velar continues to optimize its technology, security, and real-world applications in the Bitcoin DeFi space.
Velar operates on a decentralized network of computers (nodes) worldwide, free from control by any single entity. These nodes collaborate to validate transactions, ensuring system transparency and attack resistance, thus granting users greater autonomy and enhancing network resilience.
Velar's blockchain is a public, immutable digital ledger that records every transaction. Transactions are grouped into blocks and linked through cryptographic hashes, forming a secure chain. Anyone can view the records, establishing trust without intermediaries.
Velar likely employs a consensus mechanism to validate transactions and prevent fraudulent activities such as double-spending. Participants maintain network security through activities like staking or running nodes, receiving VELAR tokens as rewards.
Velar uses public-private key encryption to protect transactions:
This mechanism ensures fund security while maintaining transaction integrity. Additional security features may include integration with Bitcoin's security model and Layer 2 scaling solutions.
As of November 1, 2025, VELAR's circulating supply is 354,263,029.267402 tokens, with a total supply of 1,000,000,000 tokens.
VELAR reached its all-time high of $0.4 on April 3, 2024. Its lowest price was $0.0005368, occurring on October 29, 2025. These fluctuations reflect market sentiment, adoption trends, and external factors.
Click to view the current VELAR market price

Velar's ecosystem supports various applications:
Velar has integrated Bitcoin's security with DeFi innovation, setting a new standard for the integration of Bitcoin into the DeFi space.
Velar faces the following challenges:
These issues drive ongoing discussions within the community and market, pushing Velar towards continuous innovation.
Velar's community is vibrant, with active participation in its Perpetual DEX platform.
On X, posts and hashtags like #Velar gain traction, especially following new feature releases or market movements.
Sentiment on X shows a mix of opinions:
Recent trends indicate growing interest in Bitcoin Layer 2 solutions and DeFi integration.
X users actively discuss Velar's role in expanding Bitcoin's utility in DeFi, highlighting both its transformative potential and the challenges in mainstream adoption.
Velar is redefining Bitcoin's role in DeFi by providing a Bitcoin Layer 2 agnostic liquidity protocol. Its innovative Perpetual DEX and focus on merging Bitcoin's security with DeFi possibilities make it unique in the cryptocurrency space. Despite facing challenges in adoption and competition, Velar's clear vision for integrating Bitcoin into the DeFi landscape positions it as a noteworthy project in the evolving world of decentralized finance. Whether you're new to crypto or an experienced user, Velar presents an interesting opportunity to explore the convergence of Bitcoin and DeFi.
Velar comes from the Italian word 'vela', meaning 'veil'. It refers to a vehicle roof type and was used by Land Rover for its model.
A velar is a consonant sound made with the back of the tongue against the soft palate. The 'k' sound in 'kite' is a classic example of a velar consonant.
Velar refers to a sound produced using the soft palate, a type of consonant in linguistics. It involves articulation with the back of the tongue against the soft palate.
A velar is a consonant produced by pressing the back of the tongue against the soft palate. Examples include the 'k' sound in 'key' and the 'g' sound in 'go'.
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