VeChain Breakthrough: Europe’s First Layered Blockchain Technology Leader

Jakarta, Pintu News – VeChain has shown significant progress as a first-tier (L1) blockchain technology with a series of notable achievements that affirm its position in the industry. With compliance to EU regulations and innovation in supply chain management, VeChain is setting new standards in the sustainability-focused blockchain ecosystem.

MiCAR Compliance and Expansion in the European Union

In March, VeChain successfully met the requirements of MiCAR, allowing VeChain token (VET) and VeThor Token (VTHO) to be fully recognized across all 27 member states of the European Union. This is an important step in expanding the use of the sustainability-focused X-2-Earn ecosystem developed by VeChain.

This compliance followed the successful submission of the VET and VTHO whitepapers to the European Securities and Markets Authority (ESMA), marking VeChain as a leader in blockchain regulation and security.

This compliance not only increases user and investor confidence, but also opens up new opportunities for VeChain to integrate deeper into the financial and business infrastructure in Europe. With this compliance, VeChain ensures that they are operating within a solid legal framework, increasing the potential for mass adoption of their technology.

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Network Improvement and Staking Program

VeChain also launched the Galactica Testnet, which is the first phase of the VeChain Renaissance update. This update introduces four VeChain Improvement Proposals (VIPs) that aim to improve the functioning of the network. One of them is the Dynamic Fee Market (VIP-2) which adjusts transaction fees based on network demand, creating a more efficient pricing system.

In addition, Transaction Type support (VIP-252) introduces transaction type standardization that improves the interaction of decentralized applications (dApps) and provides a more structured system. These enhancements, along with other improvements such as Shanghai EVM (VIP-242) and Extension Contract Optimization (VIP-250), improve network functionality and scalability, preparing VeChain for wider adoption and more effective practical applications.

VeChain Growth and Adoption

VeChain’s development activity has increased by 165%, signaling VeChain as one of the top players in development metrics. VeChain’s DeFi trading platform, VeSwap, has also seen success with a total value locked (TVL) of over $1 million, trading volume exceeding 500 million VET, and over 200,000 users.

The VeBetter VeChain ecosystem is also showing rapid growth with 1 million unique wallets and the creation of 55,000 wallets in a single day. Powered by VeBetterDAO, the platform uses B3TR and VOT3 tokens to drive real sustainable change, with over 8 million verified sustainability activities since its launch.

Conclusion

With a series of achievements and innovations, VeChain continues to strengthen its position as a leader in first-tier blockchain technology. Compliance with EU regulations and significant network upgrades demonstrate VeChain’s commitment to sustainability and security, paving the way for wider adoption and integration in the global economic system.

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Reference

• Crypto News Flash. VeChain News: EU Approval, Enterprise Growth Cement VET’s Role as L1 Leader. Accessed on April 14, 2025
• Featured Image: Crypto News Flash