Solana V2 Is Imminent: Velas’ First DEX Is Now Live, With 40 More Projects Incoming

The cryptocurrency and blockchain ecosystems continue to create new and innovative concepts. Velas is a blockchain that has surprised many people and will seemingly continue to do so for the foreseeable future. Dozens of projects are launching on this ecosystem that takes elements of Solana and refines and improves them further. The Astronomic Rise Of Velas Taking the Solana code and forking it would not necessarily create a successful ecosystem. However, the Velas team has successfully made an impact through several key improvements to that original codebase. It is considered “Solana V2”, due to the game-changing transaction throughput of up to 75,000 transactions per second. More importantly, transactions are instant and have incredibly low costs, boosting the network’s efficiency even further. As Velas is also fully EVM-compatible and maintains native support for Solidity, porting projects – or making them cross-chain – is a breeze for developers. Smart contracts built on Ethereum can be brought to Velas with a few clicks, creating a much-needed solution for DeFi, DApps, and even NFTs. The Ethereum chain is not the best choice for future scalability, yet Velas checks the right boxes where the core Ethereum chain fails. Self-respecting blockchain or crypto enthusiasts need to get in on the Velas action at this early stage. One can do that by buying the native blockchain asset or through an inves...