VeChain Unveils Hayabusa Consensus and Tokenomics Upgrade
VeChain has completed the second step of its Hayabusa upgrade, transitioning to a Delegated-Proof-of-Stake (DPoS) model. This change aims to improve decentralization, security, rewards, and governance within the network.
Under the new upgrade, all VeChain gas token rewards (VTHO) are now awarded exclusively to stakers, which raises the individual annual percentage yield (APY) and reduces idle VTHO held by exchanges. This adjustment contributes to a deflationary tokenomics model.
The Hayabusa upgrade forms part of VeChain's Renaissance roadmap and includes updates to the EVM model, introduction of new developer tools, revised reward models, and an EIP-1559-like gas market that features a 100% base fee burn along with validator tips. The staking capacity per validator has been increased up to 600 million VET, which surpasses Ethereum’s 32 ETH limit and impacts reward weighting.
From a regulatory standpoint, the Hayabusa work has been submitted and confirmed on the EU ESMA register under the Markets in Crypto-Assets Regulation (MiCA).
Hayabusa marks VeChain’s eighth hard fork, and since its launch in 2017, the network claims to have maintained 100% uptime.
VeChain also emphasizes real-world utility, reporting 5.5 million users over the past 12 months through VeBetter and 50+ applications that reward positive actions such as reducing waste, improving health, and promoting sustainable commuting.
Several key partnerships were highlighted, including collaborations with Lululemon China for product authenticity, Rekord for Digital Product Passports under the European Sustainability Passport for Recycling (ESPR), and the UFC’s Build Your Body app. UFC President Dana White has become an advisor after purchasing $1 million worth of VET tokens.
