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#Progress

One of the most extensive progress lately across multiple metrics. The only concern is that it can be related primarily to the announced airdrop with the already listed token(a potentially less-than-ideal indication). Consequently, there are no certainties that Vela will be able to successfully compete with industry heavyweights like GMX.

Raw data:

  • According to Nansen data, Vela has been outpacing Arbitrum in terms of weekly users and "smart money".
  • Vela has surpassed GMX in daily volume.
  • Impressively, Vela's Total Value Locked (TVL) has climbed to over $20 million in just a single month (highly recommend reading D3Young reviews on this project). Show Less

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