A compromise — #23 of 31 Velvet ranks #23 of 31 fabrics for quick drying. It is a middling fabric for this. Ranked on low moisture regain, low weight, and packability — the inverse of absorbency. The top pick is Polypropylene.
Velvet measures 38/100 for breathability, 8% moisture regain, 65/100 warmth, at 320 gsm. Fast drying favours low moisture regain: at 8% Velvet dries at a moderate pace, and 320 gsm keeps it light.