Event-based vision sensors offer asynchronous, high-temporal-resolution measurements that are attractive for low-latency robotic perception, but many event-based motion estimation methods are computationally intensive and difficult to map to FPGA hardware. We present a streaming velocity estimator that discretizes asynchronous events into fixed-duration time bins, constructs a 1-bit spatial occupancy grid, and evaluates multiple velocity hypotheses in parallel using only fixed-width integer logic - shift registers, counters, comparators, and small LUT-mapped multiplies - with no dividers and no DSP blocks. It requires no frame reconstruction, no floating-point arithmetic, and no iterative optimization. The method deliberately trades dense sub-pixel optical flow for a sparse, quantized velocity estimate at each active pixel, suited to low-latency tasks such as reactive obstacle avoidance on size-, weight-, and power-constrained platforms. On noisy synthetic data with known ground-truth velocities, the method recovers both magnitude and direction, with magnitude estimates being most challenged when objects of different velocities intersect. On a real event-camera sequence, directional accuracy reaches 99.5% across all four evaluated motion segments, with performance remaining robust across occupancy densities in the 10-40% range. We characterize the algorithm's density-dependent behavior, present a parameter sensitivity analysis, show that the proposed datapath requires less than 2 kB of storage, and implement a single-axis prototype on a low-cost Xilinx Artix-7.