The VeChain which you will know by it's crypto tokens VET and VTHO is growing in stages and we are now witnessing the next leg up. This is like climbing steps and each step represents a certain number of transactions. Not that long ago we were witnessing 200 -300K clauses daily with a spike of 500K (clause is a transaction with multiple transactions combined.)
Above is a prime example of what the VeChain was doing and that is 1 transaction per clause so they were similar to each other. In the example we can see 20 transactions for 21 clauses so 1 transaction had 2 and the other 19 one each. The fist example had 31 transactions for 650 clauses so an average of around 21 transactions per transaction if that makes sense.
The VeChain is something I monitor weekly and sometimes daily as this is one of my investments that I have not fully completed yet. I do not want to miss out and I am trying to complete my other investments before this one. This does not always work out that way and why I need to pay attention. I do not think others are aware of what is happening here which is also very good news. I only post about this because I know some of you are invested in VeChain so this information is for our eyes only and not to be spread around.
Now we are seeing 500K-600K clauses as the normal daily number with spikes over 1 million clauses. The significance of all of this is the base level or a normal day will soon be 1 million. This increase in transactions means there is more VTHO being burned daily as these are the gas tokens that pay for the transactions on the VeChain. We need to see 1 million breached daily for clauses and the 1 million daily VTHO burn and expect that to be next month so we are close to seeing this.
Still another 9 hours to go today and the numbers will be way up.
As you can see from the above chart the clauses are up a good 100K daily since February and by the end of this month we should see another 100K -200K increase on that number with a average of 700K clauses daily. This impacts the daily VTHO burn which you will see jump above 500K VTO which is 2.5 x what it was last year.
The numbers increasing are the apps being used and this is not because one or two are super busy and is a combination of all of them. The VeChain is no longer reliant on Walmart having a busy period and when they do this will create the odd spike, but will be less significant. The last 2 days maybe partially due to Walmart so we shall have to wait and see as I do think this is normal blockchain activity. I know the retail seasonal peaks and this is not a busy period. We would notice Walmart as it would be over a 5 -7 day period and not one or two days.
What we do know is the VeChain is a ticking time bomb and it will explode this year and is not an if or a when. The CBAM regulations starting in January next year are real and these transactions will reflect on the VeChain via VeCarbon. The increase in the daily transactions I do not think are related as this is still early being 9 months away.
Another factor to add to all of this is the no VTHO being earned daily by those holding VET as only those actively staking will receive VTHO rewards meaning this daily supply of 36 million VTHO we currently see will be reduced significantly. The only way one can earn VTHO after July is by staking on the VeChain itself and not everyone is going to get involved. There is no concern for the foreseeable future as there is plenty of liquid VTHO around and any ones guess before the scarcity affect happens, but the price will rise due to demand.
I just have a gut feeling for what the blockchain offers this is too cheap considering if a company processes 40 transactions daily the current cost is around $1.40 and is offering a service they all will require when monitoring and recording their carbon emissions.
