Venice AI’s VVV token hit an all-time high of $34.51 on September 21, pushing the project’s market cap to approximately $1.62 billion. The platform’s annualized revenue run-rate surpassed $100 million in September, up from roughly $70 million the prior month, representing a 43% increase in a single month. Venice AI has been removing tens of millions of tokens from circulation through revenue-tied burns, leaving only about 48.4 million tokens circulating out of an eventual 81 million total supply. Founded by Erik Voorhees, the creator of ShapeShift, the platform now has over 4 million registered users and processes approximately 250 billion tokens daily.
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