Details about Wrapped Velas cryptocurrency
€22,037
28.054
Unknown
https://velas.com/
@VelasBlockchain
Wrapped Velas price charts
WVLX exchanges
Wrapped Velas, the crypto
Wrapped Velas (WVLX) is a token that represents the value of Velas (VLX), a cryptocurrency that aims to provide fast and secure transaction processing for enterprise-level applications. WVLX is an ERC-20 token, which means that it is built on the Ethereum blockchain and can be traded on decentralized exchanges (DEXs).
The point
The main point of Wrapped Velas (WVLX) is to make the Velas (VLX) cryptocurrency more accessible to users of the Ethereum blockchain. By wrapping VLX in the form of an ERC-20 token, users can take advantage of the benefits of both networks, including fast transaction processing speeds and access to a wide range of decentralized applications (dApps).
The problem
One problem that Wrapped Velas (WVLX) tries to solve is the lack of interoperability between different blockchain networks. By creating a token that represents the value of VLX on the Ethereum blockchain, users can easily move funds between the two networks without having to go through a centralized exchange or deal with complex cross-chain swaps.
Compare WVLX and BTC performance
| Timeframe | WVLX | BTC |
|---|---|---|
| 1h change | 0.19134 % | -0.753837 % |
| 24h change | 0.8 % | -4.58836 % |
| 7 day change | 22.31 % | 2.49257 % |
| 14 day change | 5.15 % | -10.0034 % |
| 30 day change | -19.64 % | -9.64041 % |
| 200 day change | 136.22 % | 124.834 % |
| Year change | -15.69 % | 139.061 % |