Crypto Market Rally: VET Surges 9% as 'Hayabusa' Hard Fork Begins

Source: CoinEdition Original Title: Crypto Market Rally: VET Surges 9% as ‘Hayabusa’ Hard Fork Begins Original Link: https://coinedition.com/crypto-market-rally-vet-surges-9-as-hayabusa-hard-fork-begins/ VeChain’s native token VET is trading higher today, rising around 9% in the last 24 hours. While the broader crypto market is also showing gains, VeChain has its own important development underway that is contributing to the positive sentiment.

Hayabusa Mainnet Upgrade Begins Transition Phase

VeChain has officially launched Hayabusa, the second big upgrade in the project’s long-term “VeChain Renaissance” roadmap. The upgrade is now live on the VeChainThor mainnet, entering a transition phase that will continue until December 9, 2025.

The upgrade introduces several key features:

• Delegated Proof of Stake (DPoS) integration
• Streamlined block finality & network throughput
• Updated VTHO economics for long-term sustainability
• A foundation built for enterprise-grade Layer 1 deployments

The upgrade follows months of work by the platform’s core development team and is designed to support real-world use cases across industries such as sustainability, luxury goods, digital identity, and tokenization.

Focus on Real-World Utility and Better Developer Tools

VeChain says its goal is to make the VeChainThor blockchain a key part of the next phase of Web3 growth. The team highlights several improvements introduced through the Renaissance roadmap, including:

• Better alignment with the Ethereum Virtual Machine (EVM)
• Support for widely used developer tools like Hardhat
• Improved transaction programmability
• The upcoming addition of JSON RPC in the next phase, which will open access to more tools across the crypto ecosystem.

VeChain (VET) Price Update: Still Far From Peak

VeChain’s VET is trading at $0.01350, up 9.01% in the past 24 hours. The token moved between a low of $0.01222 and a high of $0.01353 during the day. Even with today’s bounce, VET remains 95% below its all-time high of $0.2782, reached on April 17, 2021.

The main support level to watch is $0.01320, a zone where VET has repeatedly held and bounced. If the price continues to stabilize above the 100-hour moving average, the short-term trend could turn positive.

Resistance and target levels are $0.01372, $0.01403, and $0.01441. A move above these levels would confirm a stronger recovery, while losing the $0.01320 support would weaken the outlook.