NOS vs VELA
Nosana and Vela Exchange scored on the same 25 variables, ranked against the same 251 tokens, with every gap between them shown.
Scoring pass 18 Sept 2026. Market snapshot 7 Oct 2026.
What separates them
NOS scores 86 of 250 and ranks 208th of 251. VELA scores 107 and ranks 106th. VELA leads by 21 points, which is a real gap, though small enough that one variable moving would close much of it. NOS takes 0 of the 25 variables, VELA takes 18, and 7 are level.
The framework rates NOS PASS and VELA WATCH. Two tokens close enough to compare do not have to land in the same band, and where they do not, the divergence table below is where the split comes from.
No single variable separates NOS and VELA by as much as 3 points. The lead is broad rather than concentrated: VELA is ahead on 18 of 25 variables by one or two points each, which is what produces the composite gap without any one variable carrying it.
Both score 3 or below on Market Share, Institutional Adoption, Exchange Depth, Social Mindshare. A weakness both sides share is not a reason to prefer either. It is a reason to check whether the category itself carries the problem.
VELA still has 50% of its eventual supply to enter circulation against 0% for NOS. On the same market capitalisation, a buyer of VELA is taking the 2x dilution path and a buyer of NOS the 1x one.
All 25 variables, head to head
Both tokens were scored by the same framework in the same pass, so the numbers are directly comparable. What a comparison adds over two separate pages is the gap: a 6 against a 6 is a non-event, a 9 against a 3 is the reason to hold one and not the other.
Cash flow
| Protocol Revenue | 3 | 4 | VELA +1 | |
| Revenue Trend | 4 | 5 | VELA +1 | |
| P/S Multiple | 4 | 5 | VELA +1 | |
| Real Staking Yield | 3 | 5 | VELA +2 |
Supply
| Supply Inflation | 4 | 5 | VELA +1 | |
| Vesting Schedule | 5 | 5 | level | |
| Circulating / FDV Ratio | 5 | 5 | level | |
| Buyback and Burn | 2 | 4 | VELA +2 |
Ownership
| Smart Money Flows | 3 | 4 | VELA +1 | |
| Insider Selling | 5 | 5 | level | |
| Holder Concentration | 3 | 4 | VELA +1 |
Traction
| TVL Trend | 3 | 5 | VELA +2 | |
| Active Users | 3 | 4 | VELA +1 | |
| Developer Activity | 4 | 5 | VELA +1 | |
| Network Growth | 3 | 4 | VELA +1 |
Position
| Market Share | 2 | 3 | VELA +1 | |
| Competitive Moat | 3 | 4 | VELA +1 | |
| Institutional Adoption | 2 | 2 | level | |
| Exchange Depth | 3 | 3 | level | |
| Social Mindshare | 3 | 3 | level |
Risk
| Regulatory Safety | 5 | 5 | level | |
| Catalyst Calendar | 3 | 4 | VELA +1 | |
| BTC Alpha Potential | 3 | 4 | VELA +1 | |
| Team Execution | 4 | 5 | VELA +1 | |
| Treasury Runway | 4 | 5 | VELA +1 |
Bars read outward from the centre: NOS to the left, VELA to the right. The side that leads a variable is filled. Each score is 1 to 10 against the same definition applied to all 251 rated tokens.
Market and supply
| NOS | VELA | |
|---|---|---|
| Price | $0.5247 | not published |
| Market cap | $52.5M | not published |
| Circulating | 100% | 50% |
| Dilution to full supply | 1x | 2x |
| Off all-time high | -93.3% | n/a |
| To recover the high | 14.9x | n/a |
| Total value locked | not published | not published |
| Network | Solana | Arbitrum |
Price, market cap and all-time high from the CoinGecko snapshot fetched 7 Oct 2026. Supply shares are derived from circulating and eventual supply counts, which do not move with price. The 25 scores come from the research pass dated 18 Sept 2026.
Catalyst and risk on each side
NOS · PASS
Decentralized GPU compute for AI inference; Solana integration.
Competition from Filecoin and Akash; hardware supply constraints.
VELA · WATCH
Vela Exchange perp DEX on Arbitrum; token buyback and burn mechanism.
Low trading volumes vs. GMX; reliance on Arbitrum network; token dilution.
Common questions
- Is NOS or VELA the better investment?
- On this framework VELA scores higher: 107 against 86 of 250, and it is rated WATCH against PASS. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and NOS still wins 0 of the 25 individual variables against VELA.
- What is the biggest difference between NOS and VELA?
- Nothing separates them by more than 2 points on any of the 25 variables, which is unusual and means the two are close substitutes on fundamentals.
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Research and analysis, not investment advice. A higher score is one framework applied consistently to 251 tokens, not a prediction that one asset will outperform the other.