Leading cryptocurrency exchange, Coinbase has announced the listing of Venice Token (VVV), an AI-powered crypto based on the DeepSeek platform, for trading on Coinbase and Coinbase Exchange.
Coinbase Lists DeepSeek based Venice Token (VVV)
Coinbase will add support for Venice Token (VVV) on the Base network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
— Coinbase Assets 🛡️ (@CoinbaseAssets) January 27, 2025
According to the official announcement, VVV will be introduced in phases, with trading in the VVV-USD pair starting once a sufficient supply is established. Built on the BASE chain, the crypto will only be supported within Coinbase’s ecosystem. Coinbase has cautioned users: “Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.” Trading VVV on unsupported networks could result in cryptocurrency loss.
Venice Token’s team took to X to announce the launch, stating, “We’re building essential infrastructure for AI agents, developers, and third-party apps—offering private, uncensored inference at zero marginal cost through our API. Powered by open-source models and decentralized inference, our API enables agents to operate without surveillance or content restrictions.”
Since its launch in May 2024, the crypto project has garnered 400,000 registered users, 50,000 daily active users (DAU), and 15,000 inference requests per hour.
Notably, VVV was airdropped to over 250,000 individuals and AI agents yesterday morning.
The announcement has driven a significant surge in VVV’s value. Initially climbing to over $17, the token now trades at $22.62, marking an impressive 153.9% increase. VVV’s market capitalization currently stands at $1.7 billion, with a 24-hour trading volume of $312,315,575.
The rise of DeepSeek AI, which operates comparably to OpenAI at a more optimized cost, has ignited interest in VVV. DeepSeek’s success as a top-ranking app on the Apple Store has made its entry into the crypto space inevitable, aligning with the growing AI-crypto market trend.
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