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Mooncake vs Velocity
Every verified difference between Mooncake and Velocity, with a source for each value. Updated 12 Oct 2026.
Side by side
| Feature | Mooncake | Velocity |
|---|---|---|
| Pricing model | — | Fee on use |
| Fees | — | Taker fee of 6 bps (0.060%) under $5M 30-day volume, falling to 5, 4 and 2 bps at higher tiers; makers earn a flat 0.25 bps rebate. Baseline rates for SOL, BTC and ETH perps and admin-settable. |
| Custody | — | Your wallet signs |
| Open source | — | No |
| Audited | — | Yes |