Every month or so I pop into the VeChain Stats main page to check on the numbers/data and see if there is any change. Today was just a lucky day as the numbers are up for yesterday and today which is meaningless unless they stay this way. The jump in clauses which is multiple transactions in one transaction is more than 10 x what we have been witnessing over the last 6 months.
I am not sure what has triggered this activity and could be just Walmart being overly active in Shenzhen, Guangdong Province. The expectations I have for the VeChain are high due to the real use cases amongst the various partnerships. The EU with carbon reporting which is required for CBAM is at the top of the list and we are yet to see these transactions impact the VeChain.
The active accounts graph tells you all you need to know as this time last year activity was on the rise. I am not sure if that was companies testing out their carbon reporting making sure they were ready for CBAM or something else. The numbers currently are similar to what they were back in 2021 so this is not one you can blame on the market. If anything it is cheaper than ever to transact on the VeChain as the VTHO gas token is 25 VTHO for 1 cent or $0.0004c. The blockchain generates roughly 36 million new VTHO daily which is only $14.4K in monetary terms.
These are just a few of the long standing partnerships that have been actively using the VeChian for real world use cases. Not forgetting the partnership with PWC and Boston Consultancy who basically have the Forbes top 500 as their clients.
I have said this numerous times before the problem we have with the VeChain is the lack of announcements. The reality is they do not need you and I investing as they have the corporations and governments on board and that is where the volume of transactions is going to come from. $15K in VTHO transactions per day and this suddenly becomes a deflationary crypto which could happen this year, next year or whenever but I am banking on this happening because of the real world use cases on offer with traceability for food stuffs, carbon reporting and logistics.
Whilst doing research for this post I stumbled upon an interesting site that has information on apps around the world and buyers insight. The site is called Apps Run The World and registers and records companies showing interest in a particular app.
Could not resist and searched Hive which there was a search for hive engine by financial services.
Recent VeChain searches.
This announcement I missed back on March 18th , but this was kind of obvious this would happen due to VeChian positioning itself as an important piece of useable framework with regard to CBAM and Carbon reporting. The VeChain moved their HQ from the Far East to San Marino for a specific reason and we are yet to see that reason play out on their blockchain via an increase in transactions and we will at some point. Patience is required with VET and VTHO and let the market come to you as this still has serious potential for those willing to sit this out.
We are proud to announce that VeChain successfully submitted its Markets in Crypto-Assets Register (MiCAR) whitepapers to the European Securities and Markets Authority (ESMA) register, subsequently receiving confirmation about the notification, entering in to force as of today.
Always good to check in on your investments om a regular basis and do a little research or you might miss something important that could directly affect your investment in a good or bad way.
