I haven't paid much attention to VeChain of late and thought I had better check in and see if I have missed anything. Thigs are just so quiet right now with no new announcements it is though the team is just waiting on CBAM which starts properly in January 2026. Obviously this will start impacting VeChain far earlier due to clients needing to get to grips with their carbon emission data so I would presume from around July next year we should see a slow steady increase in VeChain transactions.
looking at the number of wallets even that part has slowed down even though the numbers are still very good. In April there were a total of 3 326 826 known wallets and now 1 month later we see an additional 26 193 bringing the wallet total to 3 353 019. This is down by more than 50% on March which saw 56 500 new wallets added.
Looking at the mainnet activity there is not much to jump up and down about with no numbers jumping out. The transactions are down and the VTHO burn is not inspiring either. Remember the 36 million VTHO that is created each and every day, well achieving a 100K VTHO burn is nowhere near good enough.
Sometimes I do question myself on being invested in VET and VTHO, but you know what is coming so there is little choice and I see it as a must have hold investment. Time is on our side with this one so this is just a steady accumulation until 2026.
This should do well in this Bull cycle even though you wonder why because the numbers tell a different story that this project is not ready and they are waiting on adoption to take place. The real world use cases with VET and VTHO is very real and all it needs is an increase in transactions which will happen in around 14 months time. This may actually be a perfect time to buy after the next bull cycle, but I will most likely keep adding little bits here and there for now.
The problem is when you know the time frames it does make the investment far easier to manage and takes away the must need to buy like we have with other crypto projects. The VTHO burn mechanism was not adjusted and that would be the only reason we would suddenly see an increase in value with both VET and VTHO other than the market movement.
I have gone back looking for anything substantia for the month on April and the news again is old news revisited and not new news. Instead of giving everyone updates on their partnerships they talk as though these are all new announcements and it is highly misleading.
Still we kind of expect this with the VeChain team and why staying informed is all we can do and I will check back in June if I do not spot anything else before then.
