VeChain closed Q3 2025 with measurable gains across both protocol fundamentals and ecosystem development. VET’s market cap increased 2.2% QoQ to $1.9 billion, while VTHO’s market cap fell 15.5% QoQ to $148.8 million due to both price compression and modest inflation. Average daily active addresses rose 85.2% QoQ to 62,800, and average daily clauses increased 32.3% QoQ to 370,000. DeFi performance also improved. TVL rose 815.4% QoQ to $6.1 million, while DEX volume grew 18.4% QoQ to $71,000 per day. Protocol upgrades centered around the Galactica Mainnet launch, which introduced typed transactions, EVM tooling parity, and a dynamic base-fee burn model. The StarGate staking platform marked the beginning of VeChain’s transition to an active staking economy, and the Hayabusa Devnet introduced staking-only VTHO generation and began testing VeChain’s upcoming Delegated Proof-of-Stake (DPoS) consensus. Lastly, VeBetter expanded governance depth with two new GM NFT tiers and updated proposal mechanics to improve transparency and participation quality. Interoperability and institutional alignment also advanced. VeChain integrated Wanchain’s cross-chain bridge, enabling decentralized transfers with over 40 chains. It deepened its institutional footprint through custody and compliance partnerships with BitGo, Crypto.com, and Revolut, while also securing validator participation from Keyrock. These developments support VeChain’s broader goal of enabling real-world enterprise use cases with scalable infrastructure and transparent governance. With momentum from the Renaissance roadmap and rising engagement across user and institutional layers, VeChain is positioned to further evolve its network economics, application ecosystem, and cross-chain integrations in Q4 and beyond.