VeBetterDAO from VeChain sees increased adoption in Japan with 3,496 unique users in seven days, as the U.S. and Vietnam follow behind with strong engagement.
VeBetterDAO, a sustainability-focused platform introduced by VeChain in February, is experiencing a surge in adoption in Japan. The latest data reveals that globally, Japan leads in adoption, with 3,496 unique users engaging the platform over the past seven days.
VeBetterDAO is getting hot in Japan. Where are The others? We all share one planet. pic.twitter.com/UyJPoJ6wUe
— Sunny LU @vechain (@sunshinelu24) July 7, 2024
The United States ranks second with 1,594 unique users, showcasing a robust user base and significant interest. Vietnam follows closely with 1,069 unique users, indicating successful outreach and adoption in these regions. Despite the higher figures in these regions, some commentators bemoan a low adoption rate.
Germany and the Netherlands also show strong engagement, with 651 and 544 unique users, respectively. These top five countries are driving the majority of user interactions on the VeBetterDAO platform, underscoring their importance in the global adoption of VeChain’s innovative technologies.
Broader Global Distribution
Beyond the top five, several countries exhibit moderate engagement. South Korea, Italy, the United Kingdom, and Sweden each have between 224 and 492 unique users. Additionally, countries like France, Taiwan, Spain, Turkey, and Canada have user counts ranging from 100 to 200.
Countries with user engagement between 90 and 130 include Australia, Belgium, Indonesia, Poland, India, China, and Brazil.
Despite the widespread interest, some countries show lower engagement levels. Finland, Singapore, Thailand, Hong Kong, Malaysia, Austria, Ireland, Nigeria, Russia, the Philippines, Bulgaria, and Slovakia each have fewer than 85 unique users.
VeChain’s Strategic Developments
VeChain continued to advance its sustainability initiatives when it launched VeBetterDAO in February. The platform looks to foster the adoption of Web3 technology among enterprises and individuals, aligning with VeChain’s X-2-Earn strategy.
VeBetterDAO represents the evolution of VeChain’s Web3 for Better whitepaper, developed in partnership with the Boston Consulting Group.
Elsewhere, recent analyses, including one by crypto analyst Egrag, highlight VeChain’s (VET) potential bullish trajectory. Based on Egrag’s analysis, VET is close to completing corrective wave 2 and is set to begin wave 3, potentially driving its price higher.
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