VeChain (VET) climbed about 7.2% in the last 24 hours, while broader timeframes remain negative. CoinGecko data shows VET is down 20% over 14 days, 30.4% over one month, and more than 75% since February 2025.
VeChain attributed the uptick to heavy enterprise activity and transaction efficiency gains. As the team tweeted, We’ve seen millions of Tx from enterprise partners in the past few days, & demonstrated the real world benefits of our Tx model.
The project said a single transaction can carry many “sub transactions,” which increases hash efficiency, lowers fees, and boosts scalability. The network also highlighted progress toward industrial digital passports with partners.
VeChain is working with Rekord and the University of Sheffield’s Advanced Manufacturing Research Centre (AMRC) to prepare for scaled digital passports. A DPP article on the project’s X page noted the EU’s Ecodesign for Sustainable Products Regulation and the first Digital Product Passport.
The report cautioned the surge may be temporary amid a broader bearish market and investor profit taking. Market participants moved away from risky assets and favored gold, silver, and other safe havens, while Bitcoin dipped to about $67,000.
