VVV

Venice Token

AI

The token of Venice.ai, a private AI app with a $100M revenue run rate; up ~18x in a year on shrinking issuance.

Hot, priced for growth v1.1 · as of 2026-10-21 · framework v1.13 Coinsight · all analyses
Bottom line

Venice is a real business: a privacy-first AI app with 3M+ users, a $1B Series A valuation and a reported $100M annualized revenue run rate. VVV has re-rated from a $0.95 low in December 2025 to $27.24 (+1,739% in a year) as Venice cut emissions from 14M to 2M VVV a year and started burning tokens from revenue. The revenue belongs to the private company; holders get staking yield, API access via DIEM and a buy-and-burn that is still small in dollars. After an 18x move with ~22% of market cap in open perpetuals, the token is far more exposed to sentiment than the business is.

Scorecard (1–5)
Project
Token performance
Tokenomics
Price
$27.24
+8.5% 24h · −15% 30d · CoinGecko 21 Oct
Market cap
$1.32B
rank #68 · FDV $2.21B, no max supply
24h volume
$49.2M
3.7% of market cap
From ATH
−21%
ATH $34.53, Sep 2026
2026 YTD
+1559%
$1.64 → $27.24
Revenue run rate
$100M+
annualized, company-reported, 17 Aug 2026

The last 12 months

$10$20$30$40Oct 25NovDecJan 26FebMarAprMayJunJulAugSepOctNov2025-12-02: $0.9484$0.95 low2026-06-04: $20.8064$20.812026-09-22: $31.9766$31.98 peak2026-10-21: $27.2331$27.231Buybacks start, year low2Emissions cut to 6M a year3Subscriptions trigger burns4$65M Series A at $1B5$100M revenue run rate6NEAR integration, +40%7ATH at $34.538Emissions cut to 2M a year921Shares VVV ETP lists10Renewal burns decision
TokenomicsProductAdoptionTechMarketUpcoming

Daily closes from CoinGecko, 22 Oct 2025 to 21 Oct 2026.

Key events
  1. 1
    02 Dec 25 Buybacks start, year low. Revenue-funded buy-and-burn begins around the turn of the year; VVV closes at its 12-month low of $0.95.
  2. 2
    10 Feb 26 Emissions cut to 6M a year. First of a series of cuts from the 14M a year launch rate.
  3. 3
    01 Apr 26 Subscriptions trigger burns. Each new Pro, Pro+ or Max subscription buys and burns $2, $5 or $10 of VVV; 3M+ users reported.
  4. 4
    01 Jul 26 $65M Series A at $1B. Dragonfly leads; run rate ~$70M; emissions drop to 3M a year the same day.
  5. 5
    17 Aug 26 $100M revenue run rate. Erik Voorhees reports annualized revenue above $100M, six weeks after the raise.
  6. 6
    09 Sep 26 NEAR integration, +40%. NEAR announces a privacy AI and DeFi integration with Venice; VVV closes at $25.88.
  7. 7
    21 Sep 26 ATH at $34.53. Intraday record; market cap ~$1.6B; highest daily close $31.98 the next day.
  8. 8
    01 Oct 26 Emissions cut to 2M a year. Completes the announced sequence, ~86% below launch issuance.
  9. 9
    20 Oct 26 21Shares VVV ETP lists. VENC launches in Europe, two weeks after VVV went live on Solana via Sunrise.
  10. 10
    Soon Renewal burns decision. Burns on subscription renewals were floated in July; not yet confirmed or dated.

How a paid AI request flows through Venice

User or agent
Sends a prompt

Via the Venice app or the API, paying by subscription, API credits or DIEM.

Browser
Keeps the history

Conversation history is stored locally, not on Venice servers.

Venice proxy
Routes the request

Strips identity and sends the prompt to a GPU provider running an open-source model.

GPU provider
Runs inference

Returns text, image or code; prompts are not retained.

Venice treasury
Books the revenue

Revenue goes to the company; a slice of new subscriptions and API purchases buys and burns VVV.

Stakers
Earn emissions

2M new VVV a year flows to sVVV stakers; locked sVVV backs DIEM credits.

Where VVV comes in: users can pay in dollars and never touch VVV. The token matters through DIEM (staked VVV locked to mint $1 a day of perpetual API credit), staking emissions (the mint) and revenue-funded buy-and-burn (the burn). Most revenue bypasses the token.

Usage and adoption

USD per year: new VVV vs known burns, with company revenue for scale
Company revenue run rate
$100M+
New VVV at 2M/yr, today's price
~$54M
Known discretionary buybacks (Nov 25–Sep 26)
~$1.35M

Emissions: 2M VVV a year × $27.24 = ~$54M of new tokens a year paid to stakers. Burns: secondary sources put discretionary buybacks at ~180k VVV (~$1.35M) from Nov 2025 to mid-2026; a single purchase of ~$391k followed on 9 Sep. Subscription and API-triggered burns come on top but no reliable dollar total was found (DefiLlama tracks them as holders revenue). Revenue belongs to Venice the company and is shown only for scale. Even at a generous guess, burns are a small fraction of new issuance in dollar terms.

  • strong signal
    Revenue run rate
    $100M+

    Company-reported, 17 Aug 2026, up from ~$70M at the July Series A. A run rate, not audited revenue.

  • medium signal
    Total burned
    ~33.7M VVV

    Since launch; most is the 2025 unclaimed-airdrop burn, not revenue-funded buybacks.

  • medium signal
    Users
    3M+

    Apr 2026, company figure; other reports say 4M+. Includes free users.

  • weak signal
    Exchange products
    21Shares ETP

    VENC listed in Europe on 20 Oct 2026; holdings not yet known.

Venice the business is growing fast and is said to be profitable, which is rare for a crypto-AI project. The token link is thin so far: burns are small next to staking emissions, so most of VVV's rise came from shrinking issuance and sentiment. Watch whether burns grow with revenue, especially if renewals start triggering burns.

Project

What it is
Venice.ai: a private, uncensored AI app and API (chat, image, code) built on open-source models. Prompts are not stored on Venice servers. VVV is its token on Base, launched January 2025 with a 50% airdrop.
Team
Founded in 2024 by Erik Voorhees (ShapeShift founder). Raised a $65M Series A at a $1B equity valuation led by Dragonfly (1 Jul 2026).
Differentiation
Privacy and no content filtering as the product, a paid consumer app plus an API for developers and AI agents, and DIEM: a token that gives $1 of API credit per day, forever.
Traction
3M+ users (Apr 2026), profitable since Q1 2026 per company statements; revenue run rate ~$70M at the Series A and $100M+ by 17 Aug 2026.
Competitors
ChatGPT, Claude and Gemini on product; OpenRouter and model hosts on API; crypto-AI tokens like Bittensor, Virtuals and Near AI for investor attention.
Key risks
Revenue accrues to a private company, the token only indirectly; Venice holds ~37% of supply; heavy leverage in perpetual futures; regulatory exposure of uncensored AI.
Roadmap
No dated launch announced. Burns on subscription renewals were floated on the July community call; VVV went multichain (Solana, 6 Oct) and gained a 21Shares ETP (20 Oct).

Token performance

1-year return (22 Oct 2025 → 21 Oct 2026, CoinGecko)
VVV
+1739%
BTC
-22%
ETH
-35%

VVV is one of the year's strongest large tokens while BTC and ETH fell. No 3-year return exists: VVV only started trading on 27 Jan 2025 (BTC ~+179% from ~$29.7k and ETH ~+53% from ~$1.6k over 3 years for reference). Against its launch-day peak of ~$22.45 it is up about +21% (manual, from CoinMarketCap).

Range 2026
$1.62 low (2 Jan) to $31.98 high (22 Sep), daily closes; now $27.24 (+1,559% YTD)
12-month drawdown
−50%, from $20.81 (4 Jun) to $10.48 (12 Jul 2026); latest pullback −31% to $22.06 (10 Oct)
Liquidity
$49M traded in 24h, 3.7% of market cap; rank #68; ~$232M open perpetuals (10 Oct), ~22% of market cap
Relative strength
+1,739% in a year vs BTC −22% and ETH −35%; ATH $34.53 intraday on 21 Sep, now −21% below it
ATH check ATH check passed. The launch-day high of ~$22.45 (Jan 2025) has been exceeded; the current ATH of $34.53 (21 Sep 2026) came 20 months after launch and is used as the reference.

Tokenomics

Supply
100M VVV at genesis; ~33.7M burned since, mostly unclaimed airdrop tokens. ~81.2M total, ~48.6M circulating; no hard cap.
Emissions
Cut stepwise from 14M a year at launch to 2M a year from 1 Oct 2026 (~2.5% of supply). 100% goes to stakers; no team or foundation share.
Unlocks
No vesting cliffs reported. The gap between total and circulating is mainly Venice's own holding of ~30M VVV, which it says it does not plan to sell.
Utility
Stake for yield (sVVV); lock staked VVV to mint DIEM, $1 a day of API credit forever (staker keeps 80% of yield). No governance rights.
Concentration
Venice ~37% of total supply; top 100 wallets ~98% (includes staking contract and treasury).
Sinks
Buy-and-burn from revenue: discretionary buybacks since late 2025, $2 to $10 per new subscription since Apr 2026, 5% of API credit purchases since 17 Jul 2026. Plus staking and the 21Shares ETP.

Bull case

Revenue keeps compounding past $100M, burns are extended to renewals and grow faster than the 2M a year emission, and DIEM demand from AI agents locks more VVV. Price holds the $22 October floor and breaks the $34.53 ATH.

Bear case

Crypto-AI sentiment cools and leveraged longs unwind, as in June and July when VVV fell −50% in five weeks. A repeat from $27 would mean the mid-teens, back to the $14 to $15 August breakout zone.

Watch before the next re-run

  • Monthly USD value of VVV burned vs 2M a year emission
  • Next revenue run-rate update and whether renewals trigger burns
  • Perpetual open interest (~$232M on 10 Oct) and funding
  • $22 October floor and the $34.53 ATH

Where to trade

Krakenlisted

VVV against EUR · USD

24h $3.75M · ±2% depth $327.5k

OKXlisted

VVV against USDT · TRY

24h $1.06M · ±2% depth $90.2k

Largest exchanges

Exchange24h vol±2% depth
GateVVV/USDT$11.7M$201.1k
CoinbaseVVV/USD$8.56M$568.1k
BybitVVV/USDT$3.88M$108.1k
KrakenVVV/USD$3.62M$498.9k
OKXVVV/USDT$1.09M$97.6k

Deepest DEX pools

Pool24h vol±2% depth
AerodromeVVV/WETH · Base$2.19M$730.8k
AerodromeVVV/DIEM · Base$63.1k$393.9k
Aerodrome Slipstream 3CLVVV/DIEM · Base$811.8k$343.4k

Pool size (TVL), fee tier and fee APR are not in yet: they need DefiLlama, which this setup cannot reach so far. CL = concentrated liquidity (higher fees, more impermanent-loss risk).

On-chain share of all VVV volume: 23.4%.

As of 21 Oct 2026 · CoinGecko tickers (24h volume, ±2% depth). ±2% depth is the money it takes to move the price 2% either way: the real size of a market. Exchanges ranked by volume among well-known venues; pools by depth. Not investment advice.

Where to follow

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