Deep Dive
1. 41 Million VFY Staked (21 November 2025)
Overview:
Over 41 million $VFY tokens (4.1% of circulating supply) are now staked across validators like Ankr and StakeFish, with 6 million added in two weeks. Staking strengthens network security and allows holders to earn rewards while supporting verification processes for decentralized apps.
What this means:
This is bullish for $VFY as staking reduces liquid supply and aligns incentives between users and network health. However, the 0.0327 price (-76% from launch) suggests market skepticism about long-term demand for ZK verification services.
(zkVerify)
2. Runtime Upgrade 1.3.1 (19 November 2025)
Overview:
Version 1.3.1 introduced EZKL verification for AI workflows, domain allowlists for proof-submission controls, and Ultrahonk verifier compatibility. Developers can now build privacy-preserving AI models with on-chain proof validation.
What this means:
This upgrade is neutral-to-bullish—it expands use cases into AI but faces adoption hurdles. While technical progress is notable, zkVerify’s 30-day trading volume ($96M) remains 70% below October peaks, reflecting muted speculative interest.
(zkVerify)
3. Mainnet Launch (30 September 2025)
Overview:
zkVerify launched its mainnet as a dedicated ZKP verification layer, claiming 90% cost reduction vs. Ethereum L1. The network processed 4.4 billion proofs in Q3 2025, targeting decentralized identity and DeFi use cases.
What this means:
Bearish short-term (price dropped 45% post-launch) but bullish long-term if ZK adoption accelerates. The $10.1M market cap leaves room for growth, but competition from Risc0 and Succinct poses risks.
(Cointelegraph)
Conclusion
zkVerify shows technical momentum with staking growth and AI integrations, but market sentiment remains cautious amid broader crypto fear (CMC Fear & Greed Index: 27). Will developer adoption outpace token inflation (2.5% annual) as the network scales?