Vana

Vana is an EVM-compatible Layer 1 blockchain designed to let individuals treat their personal data as an asset rather than something surrendered freely to large technology companies. It does this by allowing users to pool private datasets into structures called Data Decentralized Autonomous Organizations, or Data DAOs, where the data can be validated and used to train artificial intelligence models. The intended beneficiaries are ordinary internet users who generate data continuously but currently receive no direct compensation for it.

Vana operates as a Layer 1 network compatible with the Ethereum Virtual Machine, meaning developers can deploy smart contracts using familiar tooling, and the chain sits within the Ethereum, Polygon, Arbitrum, BNB Chain, and Optimism ecosystems. Users contribute data to Data Liquidity Pools, where a Proof-of-Contribution mechanism validates the quality and integrity of each submission before tokenizing it. The VANA token is used to reward data contributors, validators, and pool creators within this system. The consensus algorithm and block time are not recorded in the available data.

The protocol generated 2.22 USD in fees over the most recent 24-hour period, 155.20 USD over the trailing 30 days, and 2,339.67 USD over the trailing 12 months, with fees over the last 30 days declining 62.5 percent compared with the prior period. Annualizing the trailing 30-day figure produces 1,888.27 USD in projected annual fees, which places the ratio of market capitalization to annualized fees at 14,062.35 and the fully diluted valuation to annualized fees at 54,788.37. Fee volume at this scale is very small relative to the size of the network, and the fee yield — annualized fees as a percentage of market capitalization — stands at roughly 0.007 percent. The data does not specify which participants collect these fees or what share, if any, is retained by a protocol treasury.