Velas ranks #296 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #2901: 2605 of the 2900 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 3174 non-native assets CoinSpectrum lists above it by market cap, about 81% are tokens, 16% are claims on other assets and 3% are memecoins.
| CoinSpectrum Grade | pending — launch under review |
|---|---|
| Rank among cryptocurrencies | #296 |
| Rank counting claims | #2901 |
| Market capitalisation | $139,813 |
| Price | $0.0000506 |
| Circulating supply | 2,764,304,288 VLX |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Stake |
| Consensus mechanism | PoH + PoS (Solana fork) |
| Network purpose | Smart-contract platform |
| Ledger type | Multi-asset ledger |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
Grade pending. Velas's launch — how much went to insiders, whether it was sold to investors — is still being researched. A grade is not given until it is, so that a coin is never rated higher for what is not yet known.
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 9.1 | group average |
| Consensus: leader ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 6 | group average, 4 of 13 measured |
| Sound Money Qualities (6 checks) | — | 1.4 of 2 points, 4 not yet measured |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 3.6 | no fixed maximum; 2.76 billion in circulation: supply scale 7.2, cap 0 |
| Durability: five years or more with no halt, freeze or reversal | – | 7 full years since its first recorded price, record not yet reviewed |
| Fungibility: every unit interchangeable, none the protocol can freeze or set apart | – | |
| Divisibility: the smallest unit worth a cent or less | ✓ | 9 decimal places, the smallest unit worth $5.1e-14 |
| Portability: fees of a cent or less and capacity for real demand | – | typical fee $5e-8 |
| Verifiability: open-source nodes and checking without a trusted server | – | pruned nodes validate everything |
| Privacy (5 checks) | 2.5 | 1 of 5 passed, 1 not yet measured source |
| Whitepaper privacy: keys are not tied to an identity | ✓ | Accounts are created from keys users generate themselves; transfers are validated by signature, with no identity condition in the protocol. |
| UTXO ledger: a new key for each payment, no account linking every coin | – | |
| Network-level privacy: the node hides where a transaction came from (Dandelion++, Tor or I2P, on by default) | ✗ | Solana-derived gossip/TPU forwarding sends transactions straight to leaders with no origin hiding. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | Transparent transfers. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | Plain public accounts. |
| Scalability (fees, throughput, block time, block space, features) | 5 | average of 3 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $5e-8 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | – | not yet measured |
| Block time (10 minutes 10, less either side) | 0 | a block every 0.4 seconds |
| Block space per 10 minutes (32 MB or more 10) | – | not yet measured |
| Features (3 checks) | 5 | 1 of 2 passed, 1 not yet researched |
| Payments safe to accept within seconds | – | |
| Pruned nodes: a full node can validate and drop old history | ✓ | Solana-derived validators boot from state snapshots and cap the ledger they keep (--limit-ledger-size). |
| Light clients verify payments from headers or proofs, without a trusted server | ✗ | No light-client protocol in the Solana-derived runtime; wallets trust RPC nodes. |
| Security (miner pay and 7 checks) | — | 0 of 3 points, 6 not yet measured |
| Miners paid a day ($1,000 0, $10 million or more 10), 2 points | 0 | not mined |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | ✗ | not mined |
| Largest pool or validator under 50% | – | |
| Largest three under 75% | – | |
| More than one maintained client | – | |
| Node software is open source | – | |
| Real on-chain use: 1,000+ transactions a day | – | |
| No 51% attack or deep reorganisation in five years | – | |
| Programmability (tokens, contracts, 5 checks) | 7.8 | 7 of 9 points source |
| Token issuance at protocol level, validated by its own nodes | 2 | ERC-20 contracts on the Velas EVM (chain ID 106) and SPL-style programs on its Solana-derived native runtime, both open to any account; the chain is still producing blocks, though EVM activity is sparse. |
| Smart contracts: a general-purpose contract system | 2 | Solana-derived native runtime (BPF programs) plus an EVM (chain ID 106), both open to any account; on 2026-10-28 the latest native and EVM blocks were about six hours old, so block production is sparse or stalled. |
| Multisig and time locks | ✓ | Multisig and time-lock programs on the Solana-derived runtime (SPL-style) and contracts on its EVM. |
| Atomic swaps with other chains | ✓ | Hash-time-locked contracts are expressible in Solidity on its EVM, as in EVM HTLC swap implementations. |
| An exchange built into the protocol | ✗ | No exchange in the protocol; DEXs on the chain are user-deployed contracts. |
| Cross-chain messaging the chain verifies itself | ✗ | No protocol-level cross-chain messaging; bridges are operator-run. |
| Non-fungible tokens | ✓ | ERC-721 contracts on its EVM and Metaplex-style NFT programs on the native runtime. |
| Decentralisation | 8.6 | section average, 1 of 8 measured |
| Censorship resistant (Source) | — | Not yet researched |
| No central team (Source) | — | Not yet researched |
| Who can mint (Source) | 8.6 | Proof of stake: 8.6 of 10 on the ladder of who produces blocks |
| Nodes (Source) | — | Not yet counted |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | — | Launch not yet researched |
| Fundraising | — | Launch not yet researched |
| Developer share (after launch) | — | Not yet researched |
| Supply & Demand | 4.2 | group average |
| Supply & Demand (Source) | 1.1 | average of 4 measures |
| Exchanges (10 or more: 10) | 0 | no exchange the site reads trades it |
| Daily volume ($10K 0, $1B or more 10) | 0 | $562 traded in 24 hours; #3436 by volume |
| Turnover (volume ÷ market cap, 5% a day: 10) | 4.2 | 0.40% of its market cap a day |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | – | no order book on the nine exchanges read |
| Market cap ($1M 0, $10B or more 10) | 0 | $140K, 0 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | – | not measured |
| Supply (smaller is better) | 7.2 | no fixed maximum; 2.76 billion in circulation |
| Record | 7 | group average, 1 of 3 measured |
| Record (origin, claims, halts) | — | Not yet reviewed |
| Age (years since genesis) (Source) | 7 | 7 full years since 2019-10-03, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | — | Not yet measured: no commit count and no release research |
Twenty criteria, weighted equally. The Cryptocurrency Standards have six sections: sound money qualities (six checks: scarcity, durability, fungibility, divisibility, portability, verifiability), privacy (five checks), scalability (four measures and three features), security (miner pay and seven checks), programmability (token issuance, smart contracts and five checks) and decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share). Provisional: criteria marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
2,764,304,288 VLX are in circulation, against no fixed cap — issuance has no defined end.
No SEC/CFTC determination — unclassified.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
Velas is #296 among cryptocurrencies and #2901 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 2605 places between Velas's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).
See the 1 wrapped and staked claim on Velas →