Wrapped Vana
WVANA
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
WVANA is the 1:1 wrapped ERC-20 derivative of the native VANA token on the Vana Layer 1 network, serving primarily to facilitate decentralized exchange trading. The underlying protocol shows active core development, including consistent semver releases and SDK updates into early 2026. However, tokenomics reflect risks with 33% insider allocation and a long unlock schedule extending to 2029. Market utility is strictly derivative, with thin liquidity and small market capitalization. On the governance side, public credentials for the core team could not be verified in retrieved sources. The underlying Vana network maintains a clean security record with third-party audits from Hashlock and Nethermind, though the wrapper contract itself lacks a dedicated standalone audit. Note that Community Support had insufficient data (-1.0) and was excluded from the scoring calculation, with its weight redistributed across the remaining sections. No qualifying red-flag events 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 Wrapped Vana (WVANA)
Wrapped Vana (WVANA) is a 1:1 wrapped ERC-20 representation of VANA, the native cryptocurrency of the Vana Layer 1 blockchain. Deployed on the EVM-compatible Vana network, WVANA functions as a technical derivative designed to enable decentralized exchange (DEX) trading, using a model analogous to Wrapped Ether (WETH). The wrapper token carries no standalone utility of its own; its functionality is tied directly to the underlying VANA token, which is used for transaction fees, validator staking, DataDAO payments, and protocol governance.
The supply and tokenomics of WVANA reflect the underlying VANA token, which has a fixed total supply of 120,000,000 units. The protocol is maintained by the vana-com organization, which has demonstrated regular development activity, including node client upgrades and SDK releases. Participation in protocol governance requires users to unwrap WVANA back into native VANA, as the wrapper contract does not support native voting mechanisms. Verifiable public credentials for the core development team remain unconfirmed in available documentation.
WVANA is subject to several market and structural risks. The native asset has experienced severe drawdowns from its all-time high and maintains a small market capitalization with thin, fragmented liquidity. Token allocation includes an estimated 33% insider share dedicated to contributors and investors, accompanied by a lockup schedule extending through December 2029. In terms of security, while the core Vana protocol smart contracts have undergone third-party audits by Hashlock and Nethermind with no recorded exploits or protocol failures, the WVANA wrapper contract itself has not undergone a published, standalone audit.