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Vela Exchange

Vela Exchange

Decentralized perpetuals exchange on Arbitrum with multi-asset liquidity pools.

Launch Year
2023
Consensus
Proof of Stake
Max Supply
100,000,000 VELA
Block Time
~0.25 seconds
VELA
VELA
Vela Exchange
Price
24h Change
Market Cap
Volume (24h)
Circulating Supply
Swap VELA Now
  • No KYC or registration
  • Non-custodial — your keys, your crypto
  • 1000+ supported exchange pairs
  • Best available exchange rate

Vela Exchange Price Chart

VELA / USD
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Data by CryptoCompare

About Vela Exchange

Vela Exchange is a decentralized perpetuals exchange on Arbitrum that allows users to trade leveraged positions on crypto assets with up to 100x leverage. The protocol uses a multi-asset liquidity pool (USDV) backed by stablecoins and blue-chip crypto assets, providing deep liquidity for traders. Liquidity providers earn fees from all trading activity by depositing into USDV. Vela's design focuses on capital efficiency and a trader-friendly experience with fast execution and competitive funding rates. The VELA governance token enables community participation in protocol decisions and provides fee-sharing benefits through esVELA staking.

History

2022
Vela Exchange (formerly known as Metavault.trade) begins development on Arbitrum.
2023
Vela Exchange launches its perpetuals trading platform on Arbitrum with significant initial trading volume.
2023
VELA token launches, enabling governance and fee sharing for platform participants.
2023
Protocol introduces esVELA (escrowed VELA) staking mechanism for enhanced protocol revenue sharing.
2024
Vela expands supported trading pairs and improves platform performance and capital efficiency.

How to Swap VELA

Swapping Vela Exchange (VELA) on SyntheticSwap requires no account or KYC. VELA is an Arbitrum-native or Arbitrum-bridged token, supported by MetaMask (Arbitrum One network), Trust Wallet, and Ledger Live. Select VELA in SyntheticSwap, choose your destination asset, enter a receiving wallet address, and confirm the live exchange rate. After sending VELA to the provided deposit address, your swap settles quickly and the destination asset is sent directly to your wallet.

How to Store VELA

Store VELA in any Arbitrum-compatible wallet such as MetaMask configured for Arbitrum One. VELA is available as an ERC-20 token on Arbitrum.

Frequently Asked Questions