Velas (VLX) is a blockchain network whose official documentation describes a hybrid EVM/eBPF design built from a Solana-derived codebase. VLX is used for network fees and staking; project performance figures are claims unless independently benchmarked.
| Stat | Value |
|---|---|
| Ticker | VLX |
| Price | Loading |
| Market Cap | Loading |
| 24h Change | Loading |
| Circulating Supply | 2.87B VLX |
| Total Supply | 2.87B VLX |
| Max Supply | Not listed by CoinGecko |
| All-Time High | $0.569 (Jan 4, 2022) |
CoinGecko snapshot checked October 24, 2026. Price, market cap and 24-hour change refresh through live fields; supply and all-time high are dated aggregator data. Values can change.
Network design
Velas’ documentation describes the network as a hybrid EVM/eBPF chain built from a Solana-derived codebase. EVM compatibility is intended to let developers use Ethereum-oriented tooling, while the network also has native and legacy VLX forms. These labels describe the project’s published architecture; they do not establish that every Ethereum application transfers without modification or that advertised performance has been independently demonstrated.
Tokenomics and supply
VLX is used for network fees and staking, and users can delegate stake to validators. CoinGecko listed about 2.87 billion VLX as both circulating and total supply on October 24, 2026, with no fixed maximum shown. Velas’ general whitepaper page still lists 2.3 billion total VLX and 8% inflation, while CoinGecko’s public API reports about 2.866 billion as both circulating and total supply. The discrepancy may reflect outdated documentation or different supply conventions; a current on-chain source is needed to settle exact issuance. The aggregator snapshot is not an on-chain audit or a definitive statement about future issuance.
Staking and network roles
The project’s staking guide distinguishes native, EVM and legacy token forms and describes how users can stake or delegate VLX through the wallet. Staking may provide network participation and protocol-defined rewards, but it also involves validator, software, custody and price risks. A token’s staking function does not by itself show how decentralized the validator set is; that question requires current validator and stake-distribution data.
Performance claims and risks
Velas’ introduction advertises throughput of up to 75,000 transactions per second. That is a project claim, not an independent benchmark of sustained public-network performance. On October 24, 2026, CoinGecko’s public API reported about $1,532 in tracked 24-hour trading volume. This is a market-data snapshot and may omit activity on untracked venues; it does not measure use of the network. Check current network data, validator concentration, application usage and available exchange depth before drawing conclusions about adoption or usability.
Related Terms
See Also
- Does Ethereum TPS Include Layer 2 Transactions?
- Are Layer 2 Networks Actually Decentralized?
- What Is Tokenomics — And Why It Determines Whether a Crypto Project Survives
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Sources
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Velas’ official network introduction — The documentation describes the EVM/eBPF hybrid design, its Solana-derived codebase, and the stated fee and staking roles of VLX.
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Velas’ official consensus and tokenomics document — This document describes delegated proof of stake but lists static supply and inflation figures that do not match the current CoinGecko snapshot.
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Velas’ staking guide — The guide explains native, EVM and legacy VLX forms and how staking and delegation work in the wallet.
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CoinGecko’s Velas market page and public data API — CoinGecko provides the dated circulating and total supply, current market fields, historical high and tracked volume cited above; these are aggregator figures, not a chain audit.