From time to time I double check VET and VTHO (gas token) just to make sure things are remaining quiet. The VeChain is far from dead as actually there is still plenty going on. All I can say is do not be fooled by these figures as here lies a sleeping giant and is going to be one of my banker crypto investments. When you talk out blockchain and crypto with real world use cases there is none bigger and it has yet to reveal itself. Just wait for January 2026 and you will see how important this blockchain is. This in my mind from what I have researched is the biggest crypto project out there by a country mile because everything is geared to the real world and it is already in use.
Why Is VeChain A Sleeping Giant?
A very quick background for those who do not know.
We have all heard of CBAM which is Europe's weapon to combat cheap imports goes live in January 2026. The VeChain is the chosen blockchain selected by the EU to run this and why the VeChain is so relaxed and there have been no real updates for the last few years. Millions upon millions of daily transactions are coming which all businesses will have to eventually comply with to stay regulated. AWS knew this and why they partnered up in 2023. This means the daily VTHO burn will obviously increase and the back log will slowly shrink resulting in a higher price due to demand.
This is the reason why VeChain relocated their head office from China to San Marion in Europe. A rebranding moving away from China with NanoJClean becoming the new VeChain in China. This was important for VeChain being accepted and recognized as an EU company and had to have been a pre requisite before they came on board. This you will only find doing research and connecting the dots.
The values of VET and VTHO are not that important currently as unlike most crypto the VeChain is already active in the real world. The blockchain generates roughly 36 million VTHO daily and for any value to reflect in the price the VeChain needs to be far busier burning the 36 million gas tokens daily. This will happen and at some point expect a mad dash for VET and VTHO a the back end of this year before CBAM starts. This will not be driven by market price, but needed as a use case or a must have token by businesses when paying for transactions on the chain.
A great new feature on vechainstats.com is the contracts and Dapps broken down showcasing the number of transactions and VTHO burn.
More than 1K extra active contracts compared to this time last year. The VeChain is definitely growing, but is still too early to reflect in the number of transactions and VTHO burn. Last year there was huge growth surge with the number of new wallets which currently stands at 4.64 million. This should continue to grow this year as more businesses prepare for CBAM and carbon footprint monitoring.
Another interesting insight is there are more accounts/wallets holding VTHO (2.4 million) than those holding VET (1.36 million). This makes sense if you are using the block chain or will need to use the block chain as VTHO is what is required to pay for transactions.
I am happy to see things are relatively quiet averaging over 60K transactions daily which is actually way more considering many transactions are multiple transactions counted as one. I will start adding to my stake slowly over the coming months as again there was no real rush besides the bull cycle which has not really impacted the price with VET still at or around the 4c mark.