I found this gem of a reply on the $VELO telegram from an older AMA session. Always remember - TVL "Total Value Locked" = Price 🚀 Why do you think ETH blew up? ETH blew up because of the many Dapps built in their ecosystem that needs ETH to be locked into smart contracts. Hence less supply and more demand. A fairer comparison is another Layer 2 project. $MATIC would be the best comparison to $VELO imo, as they are close in circulating supply and both are layer 2s. Shout out to @joshjacobson429 $VELO is a layer 2 on Stellar $XLM at a circulating supply of 7.3 billion $MATIC is a layer 2 on ETH at a circulating supply of 9.9 billion Unlike Polygon, they do not need other projects building on-chain as everything is inhouse. Velo Labs is building the Tradfi ecosystem themselves and will most likely be leveraged through Lightnet's many partnerships. Asides from the Payment app Orbit - The Velo Labs ecosystem is building a variety of Traditional Finance and Defi use cases, using $VELO as a collateral to lock up supply. Velo Labs also now has Soroban smart contracts and have been currently using BSC smart contracts where you can currently stake your $VELO for yield. Most of the recent annoucements are to strengten this ecosystem. $VELO is a generational wealth project.