Venice’s October VVV Burns Top $1M, Still Below New Issuance
VeniceStats puts October’s VVV burn value near $1.01 million so far. About 39,967 tokens were burned, still below new issuance at the current rate.
Key Notes
- VeniceStats values October’s recurring VVV burns at about $1 million so far.
- Roughly 39,967 VVV have been burned through discretionary, credit and subscription channels.
- The tokens burned equal about 24% of one month’s issuance at the current annual rate.
Venice’s revenue-linked VVV burns have reached about $1.01 million in value during October so far, according to the independent VeniceStats dashboard. The monthly reading has surpassed September, but token destruction remains below the pace of new issuance.
The burn tracker, checked at 09:24 UTC on October 29, shows roughly 39,967 VVV removed across three recurring channels. October is not yet complete, and these figures describe the dashboard’s value-at-burn measure rather than an audited monthly financial result.
Three Revenue Channels Feed the Burns
The October chart attributes approximately $415,720 to discretionary burns, $403,870 to credit-purchase burns and $190,140 to subscription-linked burns. Its subscription category includes Pro, Pro+ and Max, rather than only the entry-level Pro plan.
September’s comparable total is about $855,700, while July’s is approximately $448,840. October’s reading is therefore roughly 18% above September and 2.25 times July’s value, based on CoinScreamer’s calculation from the displayed figures.
Venice’s tokenomics update explains the credit mechanism: $5 of every $100 of purchased API credits is allocated to buying and burning VVV. Subscription payments feed a separate automatic program, while discretionary purchases use a budget set by the company.
VVV is Venice’s token on Base, connecting access to its AI services with staking and token-based usage rights. The company describes its platform as focused on private AI access.
Burn Value Is Different From Cash Spent
The $1.01 million figure should not be read as an identical amount of fresh cash spent on purchases during October. Token prices can change between acquisition and destruction, and a discretionary burn can include tokens accumulated earlier.
For the October 7 discretionary cycle, VeniceStats separately lists approximately $269,060 in USDC spent on purchases. That is a different measurement from the roughly $415,720 shown for the tokens’ value when burned.
Venice’s own dashboard describes purchased VVV being sent to a burn address, immediately for programmatic purchases and monthly for discretionary burns. Burn value, purchase expenditure and total platform revenue consequently should not be treated as interchangeable.
Lower Emissions Still Exceed Token Burns
Venice’s announced schedule reduced annual VVV emissions from 3 million to 2.5 million on September 1, then to 2 million on October 1. The lower rate slows dilution; it does not eliminate new issuance.
At 2 million VVV per year, average issuance is approximately 166,667 tokens per month. October’s roughly 39,967 tokens burned so far equal about 24% of that full-month amount. This is a comparison with the scheduled issuance rate, not a final October burn-to-emission ratio.
The distinction mirrors the issue examined in CoinScreamer’s Grayscale analysis: value directed toward holders needs to be considered alongside dilution. A rising dollar burn total alone does not establish a shrinking token supply.
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