4
0 Comments

Velas (Day 580)

I learned a bit of the Velas chain through a trusted friend's recommendation.

Google and you'll find the announcement back in January 2021 that Velas has forked Solana and supports EVM (Ethereum Virtual Machine). Solana wasn't that well-known until recent months, and now being one of the most popular blockchains for institutional level liquidity providers and near real-time response-time/user experience, it means Velas now supports the most popular architecture in DeFi in EVM on the fastest blockchain in Solana--the best of both worlds.

I haven't had the chance to understand too much about the architecture of Velas, our team tested launching a fork of Uniswap on it, and things seem to be working. Here's a sample transaction on the test net: https://evmexplorer.testnet.velas.com/tx/0x1edef77cad3383ed5f056b8f9363930a97c1f78a46cf90b347ac0954d4f8d876/token-transfers

I am curious if it's using the same open-source package as the Neon Lab, which announced a $40m funding last week during the Solana conference Breakpoint. One thing I'm sure of is that Solana is aware of Velas's fork and it is featured on Solana's website: https://solana.com/ecosystem/velas and the Velas project's token has gone up significantly since October this year: https://coinmarketcap.com/currencies/velas/

Trending on Indie Hackers
Share your product or landing page, and I'll give you product design advice 53 comments Does anyone actually use productivity software? Which one? 25 comments Can you try my side project? I'm looking for some feedback 🙂 24 comments Copywriting Examples — The world's best copy. In one place. 13 comments Working towards an MVP 7 comments What did you work on this weekend? (Jan 15-16) 6 comments