Derivatives · Review
InactiveVela Exchange Review 2026: Shutdown Status and Perps
Vela Exchange was a perpetuals-focused decentralized exchange listed on Arbitrum and Base. Its dApp was reported shut down on October 31, so it should not be treated as an active trading venue.
By the DappsAtlas editorial team · Updated
DappsAtlas score
—/10
Not rated
Our verdict on Vela Exchange
Vela Exchange's stated focus was perpetuals trading on Arbitrum and Base, which gave it a clear niche as a decentralized derivatives venue. However, its dApp was reported shut down on October 31, and the year and current withdrawal arrangements are unclear. It is not a suitable choice for new trading unless an official service status confirms that the platform and withdrawals are operating. Existing users should verify any recovery instructions carefully and avoid unverified sites.
Score breakdown
How Vela Exchange scores
- Security
- n/a
- Ease of use
- n/a
- Fees
- n/a
- Features
- n/a
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Vela Exchange?
Vela Exchange was a decentralized exchange focused on perpetuals trading and listed on Arbitrum and Base. Its dApp was reported shut down on October 31; the year is not stated. Current trading and withdrawal availability are unclear, so treat it as inactive and verify any recovery instructions before interacting with a site claiming to represent Vela.
How Vela Exchange works
Vela Exchange was described as a decentralized exchange focused on perpetuals. Perpetual contracts are derivatives without a set expiry; traders generally use collateral and may face liquidation if their position moves against them. Vela's specific margin, funding and liquidation rules are not published here.
The dApp was reported shut down on October 31, with no year stated. That means the usual trading workflow should not be assumed to work, and any current service claiming to be Vela should be verified before you connect a wallet or sign a transaction.
2 features
Key features
01
Perpetuals trading
The exchange was described as a decentralized venue for perpetual futures trading.
02
Two listed chains
Vela was listed on Arbitrum and Base.
Pros and cons
What we like
- Focused on perpetuals trading rather than presenting itself as a general-purpose exchange.
- Listed on both Arbitrum and Base.
Watch out for
- Vela's dApp was reported shut down on October 31, but the year and current withdrawal arrangements are unclear.
- No audit is listed.
- Fees, trading mechanics and current support arrangements are not published.
Vela Exchange fees
Vela Exchange has not published a verifiable fee schedule. If a verified official interface becomes available, check its order ticket and withdrawal flow for applicable fees before signing transactions.
Is Vela Exchange safe?
No audit is listed. Perpetuals trading carries smart-contract, liquidity and liquidation risks, and the dApp's reported shutdown adds uncertainty about access to positions or funds. Vela's licensing and KYC requirements are not published. Do not connect a wallet to an unverified site or share a recovery phrase.
4 steps
How to get started with Vela Exchange
- 1
Treat Vela as inactive; do not open new positions or deposit funds on a site claiming to be the exchange.
- 2
Check for a current official status notice before connecting a wallet or signing anything.
- 3
If you have an existing position or deposit, verify the official withdrawal instructions and confirm the transaction details on-chain.
- 4
Do not share your recovery phrase or approve unfamiliar contracts while trying to recover funds.
Who Vela Exchange is for
Vela may be relevant to former users checking the status of positions or deposits. It is not a practical choice for new derivatives traders while the dApp is reported shut down and current service availability is unclear.
Vela Exchange FAQs
What is Vela Exchange?
Vela Exchange was described as a decentralized exchange focused on perpetuals trading. Its dApp was reported shut down on October 31, though the year is not stated.
Is Vela Exchange still active?
No. Vela's dApp was reported shut down, so do not assume that trading or withdrawals are available. Check for a current official status notice before interacting with any site claiming to be Vela.
What fees does Vela Exchange charge?
Vela Exchange's fees are not published. Check any verified official interface for fees before signing a transaction, and only use online services that are legal where you live.
Compare
Vela Exchange alternatives
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Orderly is omnichain, shared-orderbook infrastructure that lets builders launch perpetual-futures DEXs, used by traders through those frontends.
Evedex is a perpetual futures DEX on its own Arbitrum Orbit L3, offering up to 200x leverage and cashback incentives for active derivatives traders.
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Jupiter Perpetual Exchange is a Solana perpetuals venue where LPs fund a pool that leveraged traders trade against at oracle prices.
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Drift is a Solana-based on-chain exchange offering leveraged perpetual futures and spot trading for active crypto traders.
GMX is a decentralized exchange for spot and perpetual futures trading with up to 50x leverage, running on Arbitrum and Avalanche, for experienced DeFi traders.
Same chain
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Uniswap V4 is the latest Uniswap DEX version with hooks and concentrated liquidity, running on 22 chains for self-custody token swaps and liquidity provision.
Uniswap V3 is a non-custodial decentralized exchange protocol for token swaps and concentrated liquidity provision across 40+ chains.
DeFi Saver is a non-custodial tool for managing and automating leveraged lending positions across major DeFi protocols on Ethereum and layer-2 networks.
OKX is a major centralized crypto exchange for spot and derivatives trading, earn products and a Web3 wallet, with its own OKB token.
LayerZero V2 is a cross-chain messaging protocol and bridge infrastructure for developers and asset issuers, connecting dozens of blockchains.
Guides
Guides about Vela Exchange
Airdrop and rewards
Vela Exchange Liquidity Mining and VELA Airdrop Guide (2026)Vela Exchange ran a VELA airdrop for early users and runs a liquidity pool that pays depositors through VLP tokens. This guide explains how that mechanism works, what the airdrop covered, and what to check before depositing.
How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.