A central limit order book exchange where every match is cryptographically verified. The first DEX that doesn't make you choose between speed and transparency.
Vela's matching engine runs at sub-microsecond latency while keeping a full cryptographic record of every trade. Performance and transparency — for the first time, together.
¹ Hyperliquid figure is a published design ceiling for the execution layer. See benchmarks for full methodology.
VIEW BENCHMARKS →Every order signed by your wallet. Every batch provable on-chain. Funds held in a smart contract. Withdraw without asking anyone's permission — ever.
Every order carries your wallet signature. The engine verifies it before matching. No one can place or cancel orders on your behalf.
Every batch of trades is provable on-chain. Challenge any batch and receive a cryptographic fraud proof. Trust the math, not the operator.
Funds are held in a smart contract on Ethereum. Withdraw directly to your wallet. Emergency exit available after a 7-day timelock — no permission needed.
Get early access updates, trading incentives, and the mainnet launch announcement.