Velvet V3 Review 2026: Social Trading, Perps and Yield

Velvet V3 is the yield-tracked deployment of Velvet Capital, a non-custodial social trading terminal. The project describes support for spot trading, perpetual futures and yield strategies across many chains, including Robinhood Chain, Solana, Base, BNB Chain, Ethereum, Hyperliquid, Ink, Monad and Sonic. The tracked V3 product runs on Base, Ethereum and BNB Chain and has been listed since August 2024.

The pitch combines trading with a social layer. A wallet tracker follows top traders and smart-money flows, and an AI agent helps with token research and on-chain analysis. The homepage claims more than 100,000 traders, and a project update cites data mapped across more than 13 million wallets. Both are the project's own figures and are not independently verified here.

The V3 deployment holds about $225,000 in TVL, which is modest. The VELVET token is listed for the project. Fees, team details and audit reports are not published in the sources reviewed, apart from two audits being listed.

Velvet works as a trading and portfolio terminal on top of existing on-chain liquidity. When a user swaps or opens a position, the app routes the order through aggregated DEX liquidity and executes it from the user's own wallet. The project says it uses MEV protection and an intent-based design to improve speed and price.

The social layer is built on public blockchain data. A wallet tracker shows what top traders and large wallets are doing, and users can browse other portfolios. An AI agent summarises token information and on-chain activity to support research.

For yield, Velvet connects users to strategies run by other protocols. One example is its integration with Yo Protocol on Base. The user deposits from their own wallet and the position is managed through smart contracts, so returns depend on the underlying strategy and market conditions.

Velvet does not publish a fee schedule in the sources reviewed. Users should expect to pay network gas and the cost of swaps routed through DEX liquidity.

Any platform, performance or strategy fees would be shown in the app before a trade or deposit is confirmed. Check these and the slippage settings before committing funds.

Velvet describes its platform as non-custodial, so funds stay in the user's wallet rather than with the operator. That removes some counterparty risk but not smart-contract risk. Two audits are listed, but the auditors, scope and findings are not named in the sources reviewed, and readers should look for the reports themselves.

The project says it embeds Webacy token security assessments at the point of trade. This is a useful warning layer but does not make every token safe. Leveraged perpetuals, thinly traded tokens and cross-chain use all add risk. The sources reviewed mention no hacks or incidents, and the project does not publish regulatory details. Use only the official address and never share a seed phrase.

Velvet suits active DeFi users who already hold a self-custody wallet and want to follow other traders, research tokens and manage positions in one place. It is less suited to complete beginners, long-term passive holders who only want a simple yield, and anyone uncomfortable with perpetuals or leverage.