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Velas (VLX) is not tradable on Coinbase.

Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more

Velas logo

Velas

VLX

About Velas

Velas (VLX) is a blockchain that aims to provide a platform for the development and execution of smart contracts and decentralized applications (dApps). It is designed to handle up to 75,000 transactions per second, aiming to provide a level of security and efficiency at a minimal cost. The Velas ecosystem includes a range of decentralized products built on its chain, striving to provide a user-friendly experience of decentralized, open-source products. The Velas coin (VLX) is used for transactions, payments, fees, and supporting the Proof-of-Stake consensus mechanism.

Velas operates on a Delegated Proof of Stake consensus (DPoS), which strives to provide participants with favorable conditions for interaction and motivate them to act for the benefit of the network. It supports all smart contracts and dApps built on the Ethereum stack, aiming to facilitate instant, low-cost transactions. The Velas blockchain implements an innovative time architecture, transaction processing mechanism, and a consensus model that aims to be more efficient than those used by other blockchains. It also includes features like Velas Account, a passwordless solution that facilitates interaction with blockchain apps, and Velas Vault, a solution to store secrets and private keys.

Velas aims to support a wide range of use cases, including the development of high-performance dApps focused on user privacy and flexibility, decentralized finance solutions, and NFT art. It also seeks to facilitate the creation of decentralized exchange solutions, metaverse projects, load-resistant marketplaces, and play-to-earn game concepts. The Velas blockchain is designed to be carbon neutral, based on an energy-efficient DPoS mechanism, making it a potential choice for environmentally conscious projects.

Velas was founded in 2019 by Alex Alexandrov, a blockchain and crypto entrepreneur, and investor. The project is based in Switzerland and has been live on the mainnet since January 2020. Alex Alexandrov is also the founder of CoinPayments, a payment gateway for cryptocurrencies, and an advisor and investor of Mind AI, a Korean AI startup. He has consulted with the FBI, Europol, and several national governments on technology, cybersecurity, blockchain, and AI implementation. The Velas blockchain has been designed to incorporate features from both Solana and Ethereum, including security, scalability, high performance, and support for EVM/Solidity.

Market

Market stats

Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more

Market cap

$18.8M

Volume (24h)

$890,369.63

Circulating supply

2.6B VLX

All time high

$0.52

Market performance

Price change (1h)

+0.82%

Price change (1d)

-5.18%

Price change (1w)

-4.32%

Price change (2w)

-8.17%

Price change (1m)

-29.02%

Price change (1y)

-40.57%

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Velas is on the decline this week.

The price of Velas has increased by 0.82% in the last hour and decreased by 5.18% in the past 24 hours. Velas’s price has also fallen by 4.32% in the past week. The current price is $0.0072 per VLX with a 24-hour trading volume of $890.37K. Currently, Velas is valued at 98.60% below its all time high of $0.52. This all-time high was the highest price paid for Velas since its launch.

The current circulating supply of Velas is 2,612,427,974.054 VLX which means that Velas has as total market cap of 2,612,427,974.054.

FAQ

What is the current price of Velas?

We update our Velas to USD currency in real-time. Get the live price of Velas on Coinbase.

What is the market cap of Velas?

The current market cap of Velas is $18.85M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Velas?

The all-time high of Velas is $0.52. This all-time high is highest price paid for Velas since it was launched.

What is the 24 hour trading volume of Velas?

Over the last 24 hours, the trading volume of Velas is $890.37K.

What other assets are similar to Velas?

Assets that have a similar market cap to Velas include Mintlayer, Reserve, Cere Network, and many others. To see a full list, see our comparable market cap assets.

How many Velas are there?

The current circulating supply of Velas is 2.6 billion.

Can I buy Velas on Coinbase?

Yes, Velas is currently available on Coinbase web3 wallet. For more detailed instructions, check out our helpful how to buy Velas guide.