# Venice Sets a New VVV Burn Record

*Author: William M. Peaster*
*Published: Nov 9, 2026*
*Source: https://www.bankless.com/read/news/venice-sets-a-new-vvv-burn-record*

---

Private AI platform Venice [burned 21,657 VVV](https://x.com/AskVenice/status/2119836160789008705) on Base on Monday, Nov. 9th. The tokens were worth about $458k at the time, making this its biggest discretionary burn yet. It's the latest round in a monthly routine that turns part of Venice's revenue into permanently retired tokens. 

> [ — (@)
> ](https://twitter.com/AskVenice/status/2119836160789008705)

# **What's the Scoop?**

- **How it works:** Venice sets aside part of its free cash flow to buy VVV gradually through the month, then burns the whole stockpile at once. This round went to Base's null address in a [single transaction](https://basescan.org/tx/0x5b4f177e555ebff42c335a4807b46bd4daee7a4833305a76f3d351cd12024fe4). 

- **A steady climb:** The monthly discretionary burn has nearly tripled since June's $162k, and this one beats October's $414k by about 10%. [David Hoffman](https://x.com/TrustlessState/status/2119857760791634429) says it has grown an average of 19.4% a month since the first burn in December 2025. 

- **A second burn lane:** Venice also buys and burns VVV automatically every time someone signs up for a paid plan, at [$2 to $10 per subscription](https://venice.ai/blog/programmatic-vvv-buy-and-burn) depending on the tier, and [$5 for every $100](https://venice.ai/blog/tokenomics-update-credit-burns-and-diem-supply-expansion) of API credits purchased. 

- **Small next to the float:** With about 48.9M VVV in circulation, this burn retires roughly 0.04% of the supply. VVV traded around $21.50 on Monday, for a market cap near $1.05B. 

- **The big picture:** Venice now mints [2M VVV a year](https://cryptobriefing.com/venice-cuts-vvv-emissions-2-million/) for stakers, or about 167k a month, so this record burn covers only about an eighth of new supply by itself. Still, the direction is promising. The monthly burn keeps growing as emissions keep shrinking, and whether VVV becomes net deflationary depends on how fast the subscription and API credit burns grow alongside it.
---

*This article is brought to you by [NEAR](https://www.bankless.com/sponsor/near-1785257427?ref=read/news/venice-sets-a-new-vvv-burn-record)*