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Venice Launched VVV Token on Solana Blockchain

The startup expanded its token availability while reducing annual emission rates.

Updated on Oct. 6, 2026 in Startups

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Venice has expanded its VVV token to the Solana blockchain, coupling the launch with a reduction in annual token emissions to stabilize supply. AI Illustration. Upload story photo >

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Venice has launched the VVV token on the Solana blockchain through an asset gateway managed by a subsidiary of Wormhole Labs. This expansion follows the token's initial debut as an ERC-20 token on Base in early 2025.

Why it matters

The move to Solana accompanies a shift in tokenomics, as Venice has implemented a reduction in annual token emissions to manage supply. Venice also employs a buy-and-burn mechanism funded by its reported revenue to further reduce the total number of tokens in circulation.

Venice reached a $100 million annualized revenue run rate in August 2026, following a $65 million Series A round that valued the company at $1 billion. The total VVV supply is 100 million tokens, with approximately 48.5 million currently in circulation.

The players

Venice

Venice is a technology startup that has achieved a $1 billion valuation.

Wormhole Labs

Wormhole Labs is a blockchain infrastructure company whose subsidiary operates the Sunrise asset gateway.

Sunrise

Sunrise is an asset gateway utilized for cross-chain token coordination.

The details

The VVV token launch on Solana was coordinated by Sunrise, an asset gateway operated by a subsidiary of Wormhole Labs. The token maintains a fixed total supply of 100 million units, with its canonical mint address on Solana identified as VVV4UdRywr7SLafPHzqXwRCw7myXkmgCtitXUvj8g8c.

Timeline

  1. January 27, 2025: VVV launched as an ERC-20 token on Base.

  2. July 2026: Venice closed a $65 million Series A funding round.

  3. August 2026: Venice achieved a $100 million annualized revenue run rate.

  4. October 1, 2026: Annual VVV emissions were reduced to 2 million tokens.

  5. October 6, 2026: The VVV token launched on the Solana blockchain.

Market Landscape

This integration follows a pattern set by previous protocols utilizing the gateway to bridge liquidity from the Base ecosystem to Solana. The move signifies a broader trend among high-revenue startups to establish multi-chain presence to capture fragmented market liquidity.

Users holding VVV tokens now have the option to interact with the asset on a new blockchain network. Those tracking the token's value should monitor how the adjusted annual emission rate and the ongoing buy-and-burn strategy affect the overall circulating supply.

The takeaway

The reduction in annual token emissions indicates a shift toward a more deflationary model for the VVV token. Investors should remain mindful that future scheduled token unlocks may change the current supply dynamics despite existing buy-and-burn efforts.

Further reading

For more on the latest venture-backed developments, see our coverage of Startups.

Source note: This article includes information reported by Crypto Briefing.

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