Vana
VANA
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
VANA (Vana) is an EVM-compatible Layer-1 network focused on user-owned data and data portability for AI. The project exhibits strong technical execution, backed by consistent software releases, node upgrades, and third-party smart contract audits conducted by Nethermind and Hashlock with clean security ratings. Led by public founder Anna Kazlauskas and supported by established industry backers, the team shows credible execution and clear utility design (staking, gas fees, and DataDAO settlements). However, significant risks include an 88.2% drawdown from its all-time high, substantial unlock overhang with only 25% to 30% of supply currently circulating, thin and fragmented liquidity, and very weak community and on-chain governance engagement. No qualifying red-flag events or security incidents were established.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Vana (VANA)
Vana (VANA) is an EVM-compatible Layer-1 blockchain focused on user-owned data and data portability for artificial intelligence applications. Founded in 2021 by CEO Anna Kazlauskas, the San Francisco-based project launched its mainnet in December 2024. The network records data access and permission states directly on-chain and supports DataDAOs. The native VANA token functions as the primary utility asset across the network, utilized for transaction gas fees, validator staking, DataDAO payment settlements, and governance.
The tokenomics structure defines a fixed maximum supply of 120,000,000 VANA distributed over a five-year emission schedule concluding in November 2029, with approximately two-thirds designated for community and ecosystem allocations and the remaining 33% assigned to core contributors and investors. Vana's smart contracts have undergone third-party security audits by firms including Nethermind and Hashlock covering token, staking, and data-handling contracts. Continuous software development includes node releases, geth upgrades, and the maintenance of the project's software development kit (vana-sdk).
Despite active technical development, the asset exhibits several operational and market risks. VANA has experienced a substantial price decline, falling approximately 88.2% from its March 2025 all-time high of $8.38, accompanied by fragmented liquidity. The project also faces a token unlock overhang, with only 25% to 30% of the total supply circulating at evaluation time. Furthermore, on-chain metrics show a small token holder base and an absence of documented on-chain governance activity.