Velocimeter Crypto Exchange Review: A High-Risk Platform with Zero Trading Activity

When you hear about a new crypto exchange promising big rewards and cutting-edge DeFi features, it’s easy to get excited. But excitement shouldn’t replace due diligence. That’s exactly what you need when considering Velocimeter - a platform that looks promising on paper but shows no signs of real-world use.

What Is Velocimeter?

Velocimeter is a decentralized exchange (DEX) launched in 2023. It markets itself as a next-generation DeFi platform built around options token rewards and veNFT governance. In simple terms, it claims to let liquidity providers earn extra tokens by locking up their assets, and users can vote on platform changes using special NFTs called veNFTs. It also promotes fair launches, automated staking, and airdrops as part of its ecosystem.

It operates on multiple chains, with two main versions: Velocimeter V3 and Velocimeter Base. But here’s the problem - these aren’t just small or niche platforms. They’re effectively dead.

No Trading, No Liquidity, No Users

As of September 2025, CoinGecko gives both Velocimeter V3 and Velocimeter Base a trust score of 0 - the lowest possible rating. That’s not a typo. Zero.

Velocimeter V3 lists zero active trading pairs. Even the pair labeled as "most active," CANTO/SCANTO, had zero trades in the past 30 days. Velocimeter Base lists six tokens, with BMX--2/WBLT as its top pair. Guess what? Also zero trades in 30 days.

This isn’t a case of low volume. This is no volume at all. Compare that to Uniswap or PancakeSwap, where thousands of trades happen daily. Velocimeter isn’t just behind - it’s not even participating in the market.

Where’s the Community?

Crypto is a noisy space. People talk. They complain. They celebrate wins. They warn others about scams. You’ll find Reddit threads, Discord groups, Twitter debates, and YouTube breakdowns for almost every exchange - even the bad ones.

For Velocimeter? Nothing.

No user reviews on Trustpilot. No discussions on Reddit’s r/CryptoCurrency. No YouTube tutorials explaining how to use it. No Telegram group with 10,000 members. No Medium articles from early adopters. Not even a single complaint about a failed withdrawal.

If no one’s using it, why would you? There’s no social proof. No feedback loop. No community to help you if something goes wrong.

No Security, No Audits, No Transparency

Reputable DeFi platforms publish audit reports from firms like CertiK, Hacken, or PeckShield. They explain their smart contract security. They detail how funds are protected. Some even offer insurance pools.

Velocimeter? No audits. No security documentation. No explanation of how user funds are stored or safeguarded. That’s not just a gap - it’s a red flag.

Without audits, you’re trusting code written by unknown developers with no public track record. In crypto, that’s like driving a car with no brakes and no license plate.

What About Fees and Rewards?

Velocimeter talks about "options token rewards" and "veNFT governance" like they’re magic bullets. But here’s the catch: you can’t earn rewards if no one’s trading. If you deposit liquidity into a pool with zero volume, you’re not earning fees - you’re just holding tokens that might never be worth anything.

And what are the fees? No clear data. No fee schedule. No breakdown of trading costs, withdrawal fees, or gas charges. That’s not transparency - it’s evasion.

Compare that to Uniswap’s transparent 0.3% fee structure, or PancakeSwap’s 0.25% with clear rebates for CAKE holders. Velocimeter doesn’t even give you the basics to make an informed decision.

Regulatory Status? Unknown

Regulation isn’t just about government crackdowns. It’s about accountability. Is Velocimeter registered anywhere? Does it follow KYC/AML rules? Is it compliant with EU, UK, or US standards? The answer? No one knows.

There’s zero public information on its legal structure, jurisdiction, or compliance policies. In 2025, that’s a major risk. Exchanges that ignore regulation often get shut down - and when they do, your funds vanish with them.

Is Velocimeter a Scam?

It’s not labeled as a scam. But it ticks every box of a failed or abandoned project:

• Zero trading volume on both chains
• Trust score of 0
• No audits or security info
• No user community
• No regulatory transparency
• No development updates since 2023

It’s not necessarily a rug pull - because there’s no evidence anyone ever pulled anything. It’s more like a ghost town. The website is up. The app might still be downloadable. But nobody’s home.

What Should You Do?

If you’re looking to trade crypto on a DEX, don’t waste time on Velocimeter. It doesn’t function as an exchange. It doesn’t offer real rewards. It doesn’t protect your assets.

Instead, look at platforms with:

• Proven trading volume (check CoinGecko or DEXTools)
• Public audit reports
• Active communities on Reddit and Discord
• Clear fee structures
• Regulatory compliance (even if just in one jurisdiction)

Uniswap, SushiSwap, PancakeSwap, and Curve are all solid choices with years of track records. Even newer platforms like Camelot or Trader Joe have active users and transparent operations.

Velocimeter isn’t the next big thing. It’s a cautionary tale. A project that promised innovation but delivered silence.

Final Verdict

Velocimeter is not a viable crypto exchange. It’s a platform with no users, no trades, no security, and no future. The marketing sounds flashy, but the reality is empty. If you’re considering depositing funds or providing liquidity, don’t. The risk isn’t just high - it’s absolute.

Stick with exchanges that have been tested by time and community. Your crypto is too valuable to gamble on a ghost.