Today
@Vanarchain fell from a high point, very much like that gym card—full of the initial enthusiasm and later silence. Its market value has shrunk to less than twenty million dollars, ranking has dropped beyond eight hundred, and daily trading volume is swaying around three to four million dollars. The Fear & Greed Index points to "fear," the sentiment on Twitter is neutral but slightly cold, and the discussion threads on Reddit have more downvotes than upvotes.
If you only look at these, the story should end here.
But numbers have another side.
In January, the average daily on-chain transaction volume exceeded nine million. VANRY's burn rate has increased by 280% compared to before. Looking at these two numbers together, the meaning is clear: someone is using this chain, not speculating, but using it. The trading volume and burn rate do not lie—they are not the type of things that can be distorted by emotions and leverage on a candlestick chart; they are the footprints left by real business operations.
my Neutron has started transitioning to a paid subscription model. This move is quite risky—converting free users to paid ones usually has a terrifying churn rate. But if it can withstand this, it can transform from a money-burning demo into a self-sustaining machine. The demand generated by subscriptions, $VANRY
is real and continuous, not something that can be shouted into existence.
The VGN gaming network has 15 million users, with 12 new partnered games set to launch in early 2026. There is a $230 million RWA tokenization project advancing in Dubai. The Kayon inference engine is also continuing integration.
To be honest, I’m not sure if #vanar can pull itself out. A 92% drop isn’t just a scratch; small market cap, shallow liquidity, fear sentiment—these three things together mean that any large holder selling off could lead to a stampede.
But I have also seen too many projects that quietly work when no one is watching, only to be suddenly rediscovered one morning. On-chain data doesn’t lie. Nine million daily transactions, 280% burn growth, and an emerging paid model—these things either mean something or mean nothing at all.
I tend to believe the former. But I leave the judgment to you.
I threw away that gym card. The charging cable has been found. Some things are expired, and that's just how it is; some things just haven't reached their time yet.
