VeChainThor mainnet data shows 940,191 smart contracts, 1,215 new deployments in the past week, and over 37,000 unique deployer wallets.
VeChain has added social login support to VeWorld, a move aimed at making Web3 access easier for new users. The feature offers users an easier way to access the ecosystem without the need for the long process of opening a wallet.
The feature allows VeWorld users to rely on familiar account methods to log into their accounts, minimizing the long process of wallet creation, including seed phrase and key management. This will enable more users to get started with VeChain services.
Earlier, we discussed how VeBetterDAO added Activity Feed to enable users to follow updates in the VeBetter ecosystem. The feed shows proposal changes, grants, app milestones, endorsement updates, and round or emission statistics.
Elsewhere, recent figures shared by the network’s developers’ collective revealed continued activity on VeChainThor. The weekly update shows that VeChainThor has now hit 940,191 total smart contracts, with 1,215 added this week. The number of unique deployer wallets has topped 37,000.
VeChain builders say that these figures indicate steady smart contract deployment at a time when VeChain is introducing social logins.
CNF reported that VeChain has introduced new endorsement controls for VeBetterDAO, including a 49-point cap per endorser per dApp. The update enables endorsers to split points across different dApps.
VeChain CEO Sunny Lu recently shared his thoughts on the crypto market, focusing on speculation vs utility-based development. In a post on LinkedIn, he declared that the market has been influenced by speculative investment with insufficient emphasis on fundamentals, product delivery, and value creation in the long-term.
Lu says that additional capital channeled to utility applications would enable more exploration, delivery, and expansion of users throughout the blockchain. He also cited a reported drop in Bitcoin ETF allocations by large hedge funds from Q3 to Q4 last year, noting that the trend can reduce support for Web3 companies and decentralized applications.
Meanwhile, VET’s weekly setup is turning bullish, and price is moving around the middle Bollinger band. If it holds above that level, the upper band near $0.00864 becomes the next target.
At the same time, the MACD signal has improved, as the histogram has turned green and the MACD line has moved above the signal line, indicating rising short-term momentum and supporting continued buying.
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