Vanar is often pitched as infrastructure for the “next 3 billion users.” Sounds great on paper.

But the real question is uncomfortable: what happens when the price narrative fades? Do users still stick around?

$VANRY is already close to fully diluted (market cap and FDV are basically equal), so there’s no major unlock pressure to blame. Yet it recently hit a new all-time low. That’s usually when speculative money disappears fast.

What stands out isn’t the branding—it’s the on-chain behavior. Even during the downturn, ERC-20 transfer activity increased slightly. Not huge, but direction matters. A chain that goes silent during drops is a warning sign. A chain that stays active suggests real usage beyond speculation.

We also saw net token outflows from exchanges. People moving tokens off CEXs at lows usually aren’t short-term traders. That points more toward long-term positioning or actual utility within the ecosystem.

For a consumer-focused L1 like Vanar, this is the real benchmark.

Not flashy partnerships. Not metaverse hype. Not AI buzzwords.

The true test is boring: are users still making frequent, small transactions when nobody is watching?

If transfers per holder keep rising while price stays weak, that’s real organic growth. That’s habit formation.

And habits always outlast hype. #vanar @Vanarchain