VeChain’s price experienced a 2.68% dip over the past 24 hours, but gained 5.99% in the previous week. This recent activity comes ahead of two major upgrades planned for December. The Hayabusa upgrade, slated to go live on December 2nd, will shift VeChain to Weighted DPoS, aiming to improve reward structures and reduce VTHO inflation by around 30%. This follows the launch of the Galactica upgrade as part of the Renaissance roadmap, which made adjustments to tokenomics and enhanced cross-chain compatibility. 2015. The VeChain Foundation launched its private consortium network before shifting to the public blockchain VeChainThor, a fully programmable EVM compatible L1 smart contract platform capable of supporting real-world applications.