VeChain Hits New Milestone With 3 Million Active VET Wallets on VeChainThor

• VeChainThor blockchain has achieved a significant milestone with over 3,000,000 unique VET wallets created, reflecting a 50% surge within just one year.
• VeChain hints at upcoming developments, including the launch of VeWorld, a dynamic new wallet offering enhanced functionalities.

The VeChainThor blockchain development has reached a significant milestone by reaching all-time high (ATH) levels of activity on the chain. Specifically, the platform has witnessed the creation of over 3,000,000 unique VET wallets, marking a pivotal moment in its growth trajectory.

This noteworthy accomplishment demonstrates a remarkable surge of 50% within a span of just one year and one month. It further highlights the growing adoption and widespread popularity of the VeChain ecosystem among users globally.

HUGE milestone completed.

3,000,000 unique $VET wallets created. 🎉

This rapid accumulation of fresh addresses seen a surge of 50% in a span of just 1 year and 1 month. #vechain #Vet #VeFam #Crypto #CryptoCommunity #NFT pic.twitter.com/kWvorc1vpy

— A P O L L O 🛡️ 𝕍 (@fookelon) March 19, 2024

In light of this achievement, VeChain hints at exciting developments ahead for its ecosystem, leveraging the robust infrastructure of the VeChainThor blockchain.

The VeChain Foundation further expressed its pleasure in witnessing the expansion of the VeFam community while celebrating the innovative developments on the network. With tools like VORJ, incentives from hackathons, and the VeBetterDAO, users are embracing the platform’s offerings and contributing to its development.

In the midst of this thriving ecosystem, the VeChain Technology Centre announces a significant transition with the upcoming launch of VeWorld, a dynamic new wallet poised to transform the VeChain ecosystem.

Featuring enhanced functionalities surpassing those of the existing VeChainThor mobile wallet, including a dApp explorer, Coinbase fiat gateway, and an integrated NFT viewer, VeWorld represents a notable advancement in user experience and functionality.

VeChainThor Mobile Wallet Shifts to Storage Mode

As part of this shift, the VeChainThor mobile wallet will shift to storage-only mode starting December 31st, 2024, facilitating the community-wide migration to VeWorld. This ensures asset security while enhancing user experience, aligning with VeChain’s commitment to ongoing innovation and user-centric design.

To aid users during this transition, comprehensive migration guides are available, offering step-by-step instructions for importing addresses to VeWorld via seed phrase, keystore file, or Ledger device. With these updates, VeChain reaffirms its standing as a leading blockchain platform, poised for continued growth, innovation, and widespread adoption in the digital asset landscape.

As reported by Crypto News Flash, the VeChain team has also introduced a new software development kit (SDK) aimed at incentivizing developers to create applications on the platform. Developers play a crucial role in bringing forth innovative solutions to address real-world challenges, thereby enhancing the utility and user acceptance of the network. As the platform gains traction, this surge in demand also contributes to the increasing value of the native token, VET, within the VeChain ecosystem.

In another development, Vechian recently unveiled VeBetterDAO, an ambitious Decentralized Autonomous Organization (DAO) aimed at fostering community involvement and advancing sustainability initiatives. To facilitate its operation, the platform has introduced two primary tokens: VOT3 and B3TR. VOT3 functions as a governance token, allowing holders to vote on proposals and earn rewards through staking, while B3TR drives the overall DAO operations, promoting innovation, incentivizing participation, and supporting environmentally friendly projects, per the Crypto News Flash report.