Velas
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Velas in numbers
Velas (VLX) ranks #2833 by market capitalization, at $2.29M. It belongs to the Networks sector (Layer-1). It has traded since Nov 5, 2019, across 32 markets on 3 exchanges, with $64.34 of volume in the last 24 hours. Its all-time high of $0.566246 was reached on Nov 4, 2021; the current price is 99.9% below that peak. Its cycle low of $2.8981e-05 came on Oct 14, 2026.
2.87B VLX are in circulation. On BNB Chain, 46,214 addresses hold VLX. It is available on 3 networks.
About Velas
Velas (VLX) is the native token for the Velas blockchain, an EVM-compatible blockchain aiming to provide an open-source platform for decentralized projects and applications. The VLX token is used for transactions, payments, fees, and for supporting the Velas network's Proof-of-Stake consensus protocol.
Background
Founded by Alex Alexandrov, Velas is a project that combines blockchain and innovative technologies to create a decentralized, community-driven ecosystem of products and services. Velas aims to be the industry standard, and was designed to be a blockchain platform that can be used for thousands of applications and services to be built upon. The goal of Velas is to create and integrate revolutionary technological products and services to improve the lives of people all over the world and make the internet more free. Velas’ services are primarily focused on their users, and combine the best qualities of both centralized and decentralized solutions. Velas’ goal is to use various technologies to develop a blockchain that focuses on scalability, security, cheaper transaction fees, and decentralization.