For hybrid direct sequence/frequency hopping (DS/FH) spread spectrum signals, even if the relative motion speed between the transmitter and receiver remains constant, the Doppler frequency will vary due to the continuous hopping of the carrier frequency. Under high dynamic conditions, the first-order and second-order change rates of the Doppler frequency attached to the received signal further increase the Doppler frequency agility, making it difficult for the carrier tracking loop to maintain steady-state tracking. To address these issues, a high dynamic velocity locked loop (HD-VLL) is proposed in this paper. Specifically, the accumulated phase tracking error caused by acceleration and jerk is first analyzed. Subsequently, to compensate for this phase tracking error with the system clock, the proposed loop adds an acceleration compensation module and a jerk compensation module. However, this results in the output of the high dynamic loop filter being updated with the system clock, which contradicts the multiplexing design of a traditional loop filter for parallel signal processing, making the hardware implementation of an HD-VLL impractical. Therefore, this contradiction leads us to design an HD-VLL-based multi-carrier NCO (HD-VLL-NCO). The HD-VLL and HD-VLL-NCO are simulated, revealing the HD-VLL’s superior dynamic adaptability and steady-state tracking, while the HD-VLL-NCO achieves comparable accuracy with the appropriate truncation bit width.