Velvet Capital Launches $10M Trading Competition to Boost Solana Engagement
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 30 2025- Surge in Trading Activity: Velvet Capital's trading competition, launched on December 26, 2025, with a $10 million prize, aims to significantly boost trading volume on the Solana network and attract cryptocurrency enthusiasts, which is expected to enhance user engagement on the platform.
- Effective Incentive Mechanism: The competition encourages participation through rewards and Gems multipliers, with historical data indicating that similar events can effectively increase trading volumes and user retention, thereby strengthening Solana's market presence.
- DeFi Participation Potential: While the direct impact on Bitcoin or Ethereum is minimal, the $VELVET rewards could indirectly promote long-term DeFi participation, driving user interest and demand for the platform.
- Strategic Engagement: Velvet Capital's event design emphasizes incentive mechanisms, leveraging historical success cases, and it is anticipated that this competition will further solidify its competitive advantage in the DeFi space.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
