Vanar keeps selling the “next 3B users” narrative, but the sharper question is simpler: if users don’t need VANRY, who’s actually forced to buy it?
190M+ transactions sounds huge, yet ownership still looks relatively concentrated versus the activity footprint. That’s a tell. Vanar doesn’t resemble a DeFi-native L1 where every retail wallet must hold gas. It resembles a consumer rail where the token gets hidden users click, apps settle, relayers pay.
That model isn’t bearish. It’s just structurally different. Adoption won’t translate into token demand through wallet count. It will translate through settlement volume, staking/locking pressure, and real fee sinks.
Right now, Vanar has movement without ownership.
The real catalyst won’t be “more transactions.”
It’ll be the moment usage becomes unavoidable token demand. Until then, VANRY trades like liquidity not necessity.
@Vanarchain #VANREY $VANRY #CZAMAonBinanceSquare
