The recent heat of the square $VANRY has not diminished, but as traders, we cannot just listen to good words. Today, let's strip away the emotions and give this project an objective 'physical examination' from three dimensions: fundamentals, technical implementation, and market reality.
1. Technical insights: Highlights and doubts of the V23 protocol
* Highlights: The V23 protocol that just launched in January indeed has something. It is not just a simple patch, but a deep modification of Stellar's SCP consensus. The 5-10 second ledger updates and the native AI storage layer (Neutron) solve the biggest pain point of Web3: data is too heavy and cannot be stored. It can compress tens of megabytes of files into dozens of characters to be stored on the chain, which is technically leading.
* Critique: The cost of this 'black technology' is the risk of centralization. In pursuit of commercial-level speed and integration with Google Cloud, Vanar has set extremely high thresholds for node validation. This makes it look more like a 'semi-private chain' or 'consortium chain'. For those who pursue extreme decentralization, this may not be considered a true blockchain.
2. Large Company Binding: What exactly did NVIDIA and Google provide?
* Fact: It is a member of the NVIDIA Inception program and deeply integrated with Google Cloud. The direct benefit of this is enterprise-level stability.
* Critique: Everyone should be clear that the 'support' from large companies usually means support in technical interfaces and computing power limits, and does not mean that large companies will actively engage in market manipulation. Currently, Vanar is still in the 'self-indulgence' stage—technology is in place, and big-name partners (like Valentino) have joined, but where are the truly blockbuster applications? Without sustained daily active users (DAU), these endorsements may ultimately just be a pretty business card.
3. Token Economics: Destruction Mechanism vs Selling Pressure Reality
* Hard Logic: $V$VANRY adopted an AI tool subscription destruction model, which is more stable than relying on transaction fees.
* Selling Pressure: The current price hovers around $0.0068 - $0.0076. Although the staking rate exceeds 85%, locking a substantial amount of chips, it also means that once the staking yield decreases in the future, there may be a wave of considerable 'unlocking selling pressure'.
4. The Awkward Market Positioning: Wolves in Front, Tigers Behind
* In the gaming field, it cannot compete with the ecological accumulation of Immutable (IMX);
* In the AI field, it faces the siege of established AI projects like Fetch.ai.
* Conclusion: Vanar's winning hand lies in whether it can leverage Google Cloud's resources to truly attract the massive traffic of Web2. At present, it seems to be making significant strides, but implementation is still in the 'initial stage'.
【Lao Wang's Short Comment】
Objective Conclusion: $VANRY Extremely high limits and very slow implementation.
It has a top-notch technical framework and compliance attributes, but lacks the 'wildness' of a community. The current price fluctuates around $0.007, reflecting the market's anxiety about it 'only blooming but not bearing fruit'.
Suggestion: Don't treat it as a MEME to bet on for a tenfold increase; observe it as a 'cyclical infrastructure stock'.
