What Is Velas (VLX)? Velas is the world's fastest EVM Blockchain enabling up to 75 000 tx/s, processed instantly, with highest security out there, at almost for free. Velas Ecosystem consists of decentralised products built on top of its chain to present the ease of user experience of decentralised, open-source products.

• EVM — supports all smart contracts and dApps built on the Ethereum stack.

• Instant, low-cost transactions - extremely efficient performance at a fraction of the cost.

• Velas Account - passwordless solution that facilitates interaction with blockchain apps to the level of Google account and PayPal-like convenience, without sacrificing our user's security.

• Access Management - a decentralized access management system, which allows users to control access to files on IPFS using multiple encryption types.

• Velas Vault - a novel solution to store secrets and private keys. This enables various use cases, such as decentralized custody solutions of assets native to other blockchains (BTC, ETH, ERC-20, etc).

• Velas Wallet - multi-currency wallet with staking functionality.

• MicroApps - Velas will soon support cross-platform decentralized applications where not only the code (logic) is stored on-chain, but also its user interface.

Velas blockchain is based on high-performance protocol, which implements an innovative time architecture, transaction processing mechanism, and more efficient consensus model compared to other blockchains. Velas is the full hybrid EVM/eBPF chain of Solana and Ethereum, that inherited the best from both: security, scalability, high performance, 1.2 sec finality, extremely low fees and EVM/Solidity support.

Velas relies on Delegated Proof of Stake consensus (DPoS), providing participants with the most favorable conditions for interaction with each other and motivate them to act for the benefit of the network.

Basic VLX Metrics:

Total Supply - 2,124,380,663 VLX

Circulating Supply - 2,124,380,663 VLX

Inflation Rate - 8%

Velas coin (VLX) is used for transactions, payments, fees and for supporting Proof-of-Stake consensus. Staking allows block producers (validators and their delegators) to provide transaction consensus and receive staking incentives for honest block production.

The all-time high of VLX was 0.57202604 USD on 2021-11-04, from which the coin is now down 99.19409625705151%. The all-time high price of Velas (VLX) is 0.57202604. The current price of VLX is down 99.19409625705151% from its all-time high.

As of , there is currently 2.69Bn VLX in circulation. VLX has a maximum supply of 0.

The current market cap of VLX is 12.42M. It is calculated by multiplying the current supply of VLX by its real-time market price of 0.004609979267.

The all-time low of VLX was 0.01161799 , from which the coin is now up -60.32033710650465%. The all-time low price of Velas (VLX) is 0.01161799. The current price of VLX is up -60.32033710650465% from its all-time low.

Velas (VLX) has a market capitalization of $12.42M and is ranked #1027 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Velas (VLX) price trends and patterns to find the best time to purchase VLX.