VELVET token rose 54% in seven days, from $0.076 to a local high of $0.1179, after Velvet Capital officially launched its perpetual trading product on Hyperliquid on April 16.
This isn't just a pump. Velvet Capital unified spot, yield, and perpetuals into one non-custodial terminal, eliminating the need to bridge assets across multiple sites. For its 100,000+ users, the move solves a major pain point: app fragmentation.
50x Leverage, RWAs, and Equities
By plugging into Hyperliquid's deep liquidity, the Velvet terminal now supports up to 50x leverage across over 300 trading pairs. Beyond crypto staples like Bitcoin, users can trade real-world assets (RWAs) such as gold, silver, crude oil, and equities like $TSLA and $COIN — all on-chain, 24/7.
According to the official announcement, this is the first time a decentralized terminal matches a top-tier Wall Street desk in speed and asset diversity.
Unicorn AI Phase Two: Agentic Trading
The more ambitious phase is coming next. Velvet Capital will roll out Unicorn AI, a multi-agent system that lets users trade via natural language commands. Type "Short 2 ETH on Hyperliquid" and it executes instantly. The AI can also run autonomous strategies like funding rate arbitrage, rebalancing the portfolio while the user is away. This aims to turn DeFi from manual chore into an intelligent assistant.
Market Data and Institutional Backing
The rally is backed by real numbers. 24-hour trading volume hit $8.27 million, a 17% increase. Analysts highlighted APRs as high as 1060% in ThenaFi liquidity pools, drawing yield-seekers. The token also has institutional backing from YZi Labs (formerly Binance Labs) and DWF Labs, with cumulative trading volume exceeding $100 million. This trust layer sets VELVET apart from typical meme coins.
While a pullback below $0.095 remains a risk, current momentum shows traders are betting on the utility of this integration. The breakout signals that the DeFAI trend is materializing — combining AI brains with Hyperliquid's brawn to simplify a complex market.
Can AI agents retain users once the social hype fades? If the 2026 DeFAI narrative holds, Velvet Capital is positioned at the front. This is a bold experiment in making decentralized finance human-friendly.
This article is for informational purposes only. It does not provide financial or legal advice. Crypto trading involves high risk.