ChainCatcher news, according to Bitget market data, Arbitrum ecosystem tokens are experiencing a general rise.Among them:VELA has increased by 20.66% in the last 24 hours, currently priced at $0.044;RDNT has increased by 3.37% in the last 24 hours, currently priced at $0.042;GNS has increased by 2.42% in the last 24 hours, currently priced at $1.6;MAGIC has increased by 2.27% in the last 24 hours, currently priced at $0.32.

ChainCatcher message, OKX will delist the trading pairs VELA/USDT, KAN/USDT, KAN/USDC, WSM/USDT, BORING/USDT, BORING/USDC, CEEK/USDT, AVIVE/USDT, AVIVE/USDC on November 7, 2024, from 16:00 to 16:30 (UTC+8).Users need to cancel their orders for the above trading pairs before 16:00 on November 7, 2024. If they fail to cancel in time, the order system will execute the cancellation automatically, which may take 1 to 3 business days.

ChainCatcher news, the decentralized derivatives platform Vela Exchange announced on social media that it will release version V2 today (July 8).The biggest update in version V2 is: the introduction of the esVELA token model, where users can lock VELA to earn esVELA.

ChainCatcher news, according to the official announcement, the Web3 space-themed game Nebula Revelation has announced the completion of a new round of financing, with participation from DWF Labs, Waterdrip Capital, Central Research, Stratified Capital, CapsuleX Labs, and others.

ChainCatcher news, according to CoinDesk, crypto trading startup Velar has completed a $3.5 million funding round, with participation from Bitcoin Startup Lab, CMS Holdings, Black Edge Capital, GBV, Cypher Capital, Trust Machines SPV, Transform Capital, Maple Block, and Samara Asset Group.Velar plans to launch a perpetual exchange utilizing the Bitcoin network. The Velar v3 version will support synthetic Bitcoin asset sBTC as collateral and enable leveraged trading, with the v3 version set to launch in the second quarter of 2024.

ChainCatcher news, according to official sources, Arbitrum ecosystem DEX Vela Exchange has announced its roadmap, which will change incentive mechanisms, integrate trading bots, update referral programs, and more.It is reported that Vela Exchange's cumulative trading volume has exceeded 300 million dollars.

ChainCatcher news, the Arbitrum ecosystem native DEX project Vela Exchange has achieved a trading volume of $342 million in the past 24 hours, while GMX's trading volume during the same period was $111 million (including Arbitrum and Avalanche networks).It is reported that Vela Exchange adopts a mechanism design similar to GMX and is currently in the testing phase. According to ChainCatcher previous report, Vela Exchange has updated its token economics, which will reduce the total supply of tokens by 50 million. (source link)

ChainCatcher message, the decentralized derivatives protocol Vela Exchange has reduced its total token supply by 50 million after internal review and discussions with advisors, partners, and community members. If the community deems it necessary to increase the supply, a governance vote will be required in the coming years.It is reported that the initial Vela Exchange token supply and distribution were designed to be similar to DXP token economics, but during simulations, it was found that even under the highest inflation rates, there was no need to exceed 50 million tokens. Additionally, there are some internal community proposals to increase deflationary factors, including but not limited to burn factors and additional buybacks. (source link)

ChainCatcher news, according to grandprix, Ferrari may not renew its contract with NFT service provider Velas. Currently, the official website of its F1 team Scuderia Ferrari has removed information related to Velas. There are reports that Velas has also been affected by the FTX bankruptcy. Ferrari team principal Mattia Binotto stated at the end of the Brazilian Grand Prix that they will be very attentive and cautious about what is happening in the crypto industry, and will therefore "reassess the partnership with Velas, as the future is hard to predict, but so far everything has been stable."Previously reported, Ferrari reached a partnership with Velas in 2021, which created exclusive digital content and digital collectibles for Ferrari fans. (source link)