Since the Cosmic Elevator release, the Vega network has seen a surge in  discussions and engagement.

With the community successfully launching the first perpetual futures market on Vega, excitement is soaring 🏴‍☠️

Welcome to Vega Protocol's Community channel aggregated by CoinMarketCap.

Mainnet Market Update 🫡  Since the Cosmic Elevator release, the Vega network has seen a surge in  discussions and engagement.  With the community successfully launching the first perpetual futures market on Vega, excitement is soaring 🏴‍☠️

🏴‍☠️ 200 DAYS OF MAINNET TRADING 🏴‍☠️

🚀 >$655k in fees paid to validators, stakers & LPs

📜 160 unique wallets in governance participation

🏴‍☠️ 200 DAYS OF MAINNET TRADING 🏴‍☠️  Recent achievements:  📶 >$920M Total Vol. Traded 🚀 >$655k in fees paid to validators, stakers & LPs ☄️ Cosmic Elevator deployed 📜 160 unique wallets in governance participation 🛰️ 15 Consensus validators 🕹️ Console UI update 📈 Perps live

## What Is Vega Protocol (VEGA)?

Vega Protocol provides the derivatives scaling layer for Web3. It is a custom-built proof-of-stake blockchain, which makes it possible to trade derivatives on a decentralised network with comparable experience to using a centralised exchange.

VEGA is the network governance and staking token. It is used for:

* Voting on the creation of new markets on the network
* Running validator nodes on the network via staking VEGA tokens
* Earning fees from traders through staking and delegation
* Governing important network parameters which ensure markets are secure and fair

## Technology Highlights

Vega Protocol implements a number of novel technology innovations, which enable high-performance trading of derivatives in a decentralised environment.

* Atomic margin calculations enable traders to maximise their capital-efficiency without compromising the safety of markets
* Pseudonymous trading identities ensure the network is accessible to anybody in the world without restriction
* The power to create new markets is put into the hands of the users of the network, through the permissionless market creation and governance protocol
* Strong liquidity incentives ensure that markets are attractive to both traders and liquidity providers at all times

## How Many VEGA Tokens Are in Circulation?

VEGA has a fixed supply of 64,999,723 tokens, and the estimated circulating supply is as follows:

* Initial circulating supply of 2 million tokens
* Six months later, about 7.5 million tokens
* After one year, it'll be about 19 million tokens
* In two years it will be approximately 60 million tokens