Vanar Chain's native token, focusing on low latency and low transaction fees, aims to carve out a path in the gaming, entertainment, brand interaction, and metaverse sectors. Compared to projects that are purely storytelling, this token has actual use cases—paying on-chain transaction fees, staking to maintain the network, participating in ecosystem governance, and incentives. So on paper, the token is deeply integrated with the public chain itself, not just an empty shell.

But there's a problem: having use cases doesn't necessarily mean there is demand. What truly determines the price trend is how many real users and applications generate transactions on the chain. Currently, the number of Vanar Chain's DApps, transaction activity, and user base are still very small, and the actual demand for the token has not yet experienced a significant explosion.

From the supply perspective, the current circulating ratio is already relatively high. The benefit of this is that it can reduce the selling pressure caused by large unlocks in the short term, but the obvious downside is the lack of strong upward momentum from supply contraction. Future performance will depend more on the genuine growth of the ecosystem rather than hype expectations.

Overall, this is a small-cap, low-liquidity project. Its use cases are clear, and its positioning is focused, but the key at this stage is whether the ecosystem can truly take off.