Originally published at mrnasdog.com/research/vvv/inflation by MrNasdog.
Venice Token (VVV) is still inflationary. VVV is the uncapped access token of Venice.ai on Base, minted every day and paid to stakers, and over the 90 days to Aug 6 2026 the MrNasdog Pressure Framework reads ~1.88M VVV of sell pressure against just ~0.06M VVV of buy-and-burn, a net of +3.83%. Our supply monitor reads +3.90% — a gap of 0.07 percentage points, so no monitor-gap chip ships. Venice has cut emissions three times toward an eventual deflation, but the arithmetic has not turned yet.
The verdict, in one paragraph
For the 90 days ending Aug 6 2026, the Pressure Framework reads VVV at +3.83% net. Sell pressure is ~1.88M VVV — daily emission plus a team vest — and buy pressure is ~0.06M VVV from a revenue-funded buy-and-burn, against a circulating base of 47,591,746 VVV. Our supply monitor reads the realised 90-day change at +3.90%, a gap of only 0.07 percentage points, comfortably inside the framework's half-point tolerance, so no monitor-gap chip appears on the VVV overview. The forward reading softens slightly to +3.37% as the emission rate settles at its post-cut level, but the direction is unchanged. VVV is best characterised as structurally inflationary on the active float, with a buy-and-burn too small to offset issuance.
Sell pressure: where new VVV comes from
Sell #1, protocol inflation, is the engine of this page. VVV is uncapped: new tokens are minted every day and paid 100% to stakers as yield, which is how staking earns a share of Venice.ai's daily inference capacity. Venice has been cutting the rate aggressively — from 14M VVV a year at the January 2025 launch down through 6M, 5M and 4M, reaching 3M VVV per year on Jul 1 2026. Because that final cut lands inside the window, the last 90 days blend the higher rates and the chain minted ~0.957M VVV on-chain; at the current 3M-a-year run rate the next 90 days add about ~0.740M.
Sell #2, vesting unlocks, is the second real number. The team allocation of 10M VVV released 2.5M at the token generation event and streams the remaining 7.5M linearly over 24 months, ending Jan 27 2027 — roughly 312.5K VVV a month, or about ~0.925M over 90 days, and a similar amount unlocks in the next window. Sell #3, Foundation and unscheduled unlocks, is zero for the window: Venice.ai holds a 35M VVV company treasury and a 5M liquidity allocation from genesis, but neither is on a published release schedule and no distribution to the market was observed — the supply that actually reached the float is explained entirely by emission and the team vest. Sell #4, long-term locked or bankruptcy, is zero: Venice.ai is a going concern with no estate, trustee or court-ordered tranche.
Buy pressure: where new VVV goes
Buy #1, programmatic buyback, is the only force removing VVV, and it is the number that puts the whole page in perspective. Venice uses a portion of platform revenue to buy VVV on the open market and burn it to a null address, joined by subscription-triggered burns from paid plans. On-chain, the burn address grew by only ~0.061M VVV over the last 90 days — about 6% of what emission and vesting added. This is the figure most commonly overstated: the headline "buyback budget" is quoted in dollars, but the actual VVV destroyed is small, and on-chain settles it. The next 90 days remove a similar ~0.061M at the current pace.
The other three buy rows are zero. Buy #2, protocol fee burn, is zero because VVV lives on Base, where gas is paid in ETH, not VVV — there is no automatic base-fee burn in VVV, and the only destruction mechanism is the revenue buy-and-burn already counted above. Buy #3, Foundation buy, is zero: beyond that buy-and-burn, Venice.ai has disclosed no separate open-market accumulation program and no distinct buying wallet is visible. Buy #4, new long-term lock, is zero as well — staking VVV to earn yield and to mint DIEM for API credit is voluntary and reversible, and staked VVV still counts as circulating, so it removes nothing from the float.
Foundation and overhang
VVV has two team-controlled overhangs worth naming, both belonging to Venice.ai. The first is the 35M VVV company treasury — 35% of the genesis 100M — held for development and growth, with no published release schedule. The second is the 5M liquidity allocation deployed to market-making. Neither showed a distribution to the market in the window, which the reconciliation confirms: the monitor's circulating growth is fully accounted for by daily emission and the team vest, leaving the treasury and liquidity buckets as monitored capacity rather than active sell pressure. There is no separate DAO treasury — Venice sets emission and burn policy unilaterally, without a governance vote — and no bankruptcy residual. If the Venice.ai treasury balance falls between refreshes, the outflow enters Sell #3 at the next refresh.
How VVV compares to other uncapped emission tokens
VVV belongs to the class of uncapped, continuous-emission tokens that mint new supply to reward participants — structurally the same shape as an inflationary proof-of-stake layer one, except the reward here buys AI-inference capacity rather than block security. Against a capped, halving asset like Bitcoin, VVV is the opposite design: there is no fixed ceiling and no scheduled subsidy end, so supply grows every day until Venice chooses to cut the rate. What makes VVV unusual within its class is the direction of travel — most uncapped tokens hold their emission steady or raise it, while Venice has cut its rate roughly 80% in eighteen months and pairs the shrinking issuance with a revenue-funded burn.
The closer comparison is to exchange and platform tokens that run a buy-and-burn against real revenue. There the test is simple: does the burn exceed the new supply? For a token like BNB, quarterly burns have at times outrun issuance and turned the net deflationary. VVV is not there yet — its burn removes only about 6% of what emission and vesting add, so the net is firmly positive at +3.83%. The mechanism is pointed the right way, and Venice explicitly frames net deflation as the goal, but on today's numbers the buy-and-burn is a rounding correction against issuance, not an offset. Judging VVV as already deflationary because of the burn narrative is the most common mistake made about this token.
What to watch in the next 90 days
First, any further emission cut: Venice's stated endgame is net deflation, and community trackers cite unconfirmed further reductions to 2.5M and 2M VVV a year — an official announcement would lower the forward sell figure directly. Second, the buy-and-burn pace — the burn address is read on-chain each rebuild, and a sustained rise toward the size of emission is the single event that would flip the net toward zero. Third, the team vest, which continues at about 312.5K VVV a month until it ends on Jan 27 2027, removing roughly a quarter of the current sell pressure once it clears. Fourth, any movement from the 35M VVV Venice.ai treasury, which would introduce a new Sell #3 line the moment a distribution is observed. There is no dated cliff to watch — VVV's pressure is continuous, not event-driven.
Summary
Venice Token is an uncapped Base asset minted daily to stakers, and the Pressure Framework reads it at +3.83% net over 90 days, matching our supply monitor's +3.90% to within a tenth of a point. The sell side is ~1.88M VVV of emission and team vesting; the buy side is a revenue buy-and-burn that removed only ~0.061M VVV, about 6% of what was added. The key structural point is that VVV's deflation story is real in direction but not yet in magnitude: three emission cuts have bent the curve toward flat, but issuance and vesting still outrun the burn, and the token stays inflationary until either the rate falls further or the buy-and-burn grows. The main risk to watch is the 35M VVV company treasury that sits outside the float with no published schedule.
MrNasdog Pressure Framework analysis of Venice Token (VVV), Metric 1 — Inflation. Data + explanation only. Not financial advice. Updated Aug 6 2026.
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