Venice Token leads daily gainers as co-founder reports $100 million in annualized revenue

Venice Token ($VVV) climbed roughly 7% to $12.64 on August 17, topping CoinMarketCap's daily gainers among major tokens, with trading volume surging more than 140%. The catalyst was a disclosure from co-founder @ErikVoorhees that the privacy-focused AI platform @AskVenice has crossed $100 million in annualized revenue, a milestone that underlines how quickly the project has scaled since launch.

From Unicorn to $100 Million ARR

Venice AI has been on a steep growth curve in 2026. The company raised $65 million in a Series A round that valued it at $1 billion, with the round led by crypto venture firm Dragonfly, with participation from Coinbase Ventures and North Island Ventures. At the time of that raise in July 2026, Venice was already profitable, with annualized run-rate revenues of over $70 million, CEO Erik Voorhees told TechCrunch. The $100 million figure Voorhees cited this week marks a further step up from that level.

The company positions itself as a private and unrestricted alternative to mainstream AI services and says it does not log or store users' prompts and responses on its servers, keeping conversations on people's own devices. The platform currently processes roughly 1.7 million API calls per day across more than 200 models covering text, images, audio, and video.

New Product Features and DIEM Supply Update

Alongside the revenue update, Venice shipped a new creative tool for its Studio feature. A Doodle tool, described as a freehand drawing tool added to the image editor, allows users to turn canvas sketches into generated images. The platform also raised its target DIEM supply to 39,000 in the second of four staged increases running through September 14.

Venice's VVV token ties into API and inference access. Staking VVV allows users to mint a second token, DIEM, engineered so that one DIEM equals a dollar of Venice API credit every day, in perpetuity. This allows users and autonomous agents to lock in predictable, perpetual access to AI compute, positioning DIEM as a core financial primitive in the emerging on-chain AI economy. The gradual supply increases are designed to meet growing demand while keeping the token's economics balanced.

The combination of accelerating revenue, fresh product features, and a tightening token supply schedule gave traders a clear reason to bid $VVV higher. Whether momentum holds will depend on Venice sustaining its user and revenue growth as competition in the private AI space intensifies.

Sources:
TechCrunch: Venice AI becomes a unicorn with $65M Series A
Crypto Briefing: VVV jumps 20% as Venice AI raises $65M at $1B valuation
Venice.ai Official Changelog