Velas is the world's fastest EVM blockchain and open-source platform for decentralized projects and applications.

Velas is on a mission to improve everyone’s lives by making advanced and disruptive technologies more accessible.

Velas was founded in 2019 by Farhad Shagulyamov and Alex Alexandrov. The company is headquartered in Zug, Switzerland.


Velas is building an open-sourced blockchain ecosystem of services and products, aiming to combine the “best” qualities of both centralised and decentralised solutions. It's EVM/eBPF hybrid chain offers high security, scalability, and performance while keeping transaction down to just 1.2 seconds and carbon emissions down to a bare minimum.


Velas blockchain adopts the JSON-RPC endpoint provided by RPCFast to gain the top highly available, geo-distributed, and rapid blockchain access for Velas users. Velas maintains several different clusters with different purposes. Developers can Testnet and Mainnet that include both native and EVM opportunities.


Velas claims to be the fastest blockchain with Ethereum VM compatibility with up to 75,000 transactions per second at the lowest fees.


Velas is backed by GEM Digital Limited, Coinpayments and Alpina Capital. The company raised $135M (approximately €138M) in a new round on Sep 29, 2022. This brings Velas' total funding to $155M to date.




  • Year founded: 2019
  • Funding Info: $155M over 3 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Zug
  • State: Zug
  • Country: Switzerland
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