VeChain Strengthens Ecosystem with New Key Features on VeBetter Platform

• VeChain’s VeBetterDAO has introduced the Activity Feed, allowing users to keep up to date with the latest events in the ecosystem.
• It covers proposal updates, grants and app milestones, app endorsement changes and round stats and emission changes.

The VeBetterDAO has become the defining ecosystem in VeChain, leading the network’s championing of sustainability. As CNF has reported, the DAO now has over 50 applications, all incentivizing sustainability actions with nearly 50 million tokenized transactions. Now, the DAO is getting an upgrade that will make it easier to keep up with the rapid changes and ecosystem developments.

As revealed by one VeChain developer, VeBetterDAO now has an activity feed that keeps users informed on the latest events. The feed comes with details such as proposal updates, grants issued and milestones hit by various apps, and any changes to the app endorsements. It also offers general market upgrades and gives any new statistics or emission changes.

The Activity Feeds feature is a handy new tool for VeBetterDAO users as the network has several apps that are ever evolving. Just a week ago, the network revealed that it was rolling out endorsement controls where it would let users split points across multiple apps instead of backing a single one by default. As we reported, the feature has a 49-point cap per endorser per dApp.

VET Struggles Despite Increasing VeChain Adoption

On the price charts, VET has struggled in recent weeks, trading at $0.007494 at press time after trading sideways in the past day. In the past seven days, the price is down nearly 10%, and in the past month, it has lost 27%. A lot of the movement has been dictated by the overall market, which has lost $800 billion in 30 days as macro shocks continue to impact crypto, as CNF reported.

The current dip has breached a long-holding support level that has propped up the token for over five years. Every time it has tested this support, it has staged a comeback. However, in previous attempts, the token never breached the support. Some analysts believe that the historic pattern of a reversal at this level will maintain and VET is about to embark on a bull rally.

But while the price remains shaky, adoption has remained strong. In the past seven days, the VeBetterDAO has recorded 3,375 users, writing 25,000 clauses and burning over 40,000 worth of VTHO, data from VeChainStats shows.

Beyond the user numbers, the impact has been remarkable. The ecosystem’s apps have led to over 400,000 kilograms of plastic reduced globally, 7 million liters of water saved and 52 million tons of carbon dioxide reduced

Overall, VeChain has 14.6 million known addresses and has seen 939,000 contracts written on the network.