VeChain’s development has surged by 520%, with VET aiming for a new all-time high in July.

VeChain has reached a major achievement by securing a MiCAR license, making it one of the pioneering enterprise-grade blockchains. The price of VeChain’s VET token has increased by 7.5%, exceeding $0.02675, and its market capitalization has surpassed $0.0703 billion. Furthermore, this enterprise-level Layer-1 blockchain network has seen an impressive 520% increase in development activity. Consequently, it has surpassed several leading blockchain networks such as BNB Chain, Algorand, Hedera, MultiverseX, and others. Source: Chain Broker. The interest in VeChain among Wall Street investors is on the rise! As global regulations become stricter, financial institutions are increasingly pressured to provide data that is both clear and verifiable. VeChain’s blockchain, which prioritizes compliance, has become a crucial tool for transitioning to transparent, data-oriented financial systems, as noted in our earlier report. Additionally, VeChain has achieved a major regulatory accomplishment by acquiring a MiCAR (Markets in Crypto-Assets Regulation) license. VeChain’s accomplishment establishes it as one of the pioneering enterprise-centric blockchains to meet the new cryptocurrency asset regulations set by the European Union. Additionally, VeChain is garnering interest due to its “Startgate” protocol update. Well-known crypto analyst Michaël van de Poppe has pointed out the increasing momentum of VeChain as it nears the launch of the much-awaited “Stargate” protocol update. This upgrade is a significant milestone in VeChain’s “Renaissance” phase, focusing on improving the network’s scalability, governance, and interoperability. An important aspect of the update is a restructured staking model that changes how VTHO tokens are allocated to VET holders and validators, as previously mentioned. Michaël van de Poppe highlighted a significant advancement for VeChain with the inclusion of UFC President Dana White on its advisory board.