Velvet Token Surges 721% in 90 Days Amid Launch of Social Trading Interface

The token Velvet has seen an astonishing surge in price over the past 90 days, increasing by a staggering 721%. This growth is particularly remarkable given that most tokens tend to fade into obscurity after falling 70% from their all-time high. In contrast, Velvet's price has continued to rise, with a 31% increase in just the last 24 hours.

The platform behind Velvet, also called Velvet, has been shipping real products at an impressive pace, including the launch of Velvet X, a social trading interface that allows users to trade synthetic leveraged perpetuals on pre-IPO shares of companies like SpaceX and OpenAI. This product has been a major catalyst for the token's price growth.

Another key development is gasless trading, which was recently implemented across Base and BNB Chain. This means that users no longer need to hold ETH in their wallet to trade tokens on these platforms, reducing friction and making it easier for new traders to enter the market.