VET price bounces back after VeChain, Rekord partnership ahead of Hayabusa hard fork

VET price has rebounded following a partnership between VeChain and Rekord for EU-compliant digital product passports & RWA infrastructure.

At press time, VeChain (VET) was trading at $0.01345, up 2.7% over the past 24 hours, after weeks of bearish momentum.

VeChain and Rekord partnership

Copy link to section

VeChains new collaboration with Rekord focuses on building reliable, EU-ready digital product passports and tokenisation infrastructure for real-world assets.

The partnership brings together VeChain‘s enterprise-grade blockchain with Rekord’s API-first trust layer, creating a seamless way for companies to secure product data, documents and process logs on-chain without changing existing systems.

This strengthens VeChains long-standing position in supply chain transparency and sustainability reporting.

By enabling manufacturers to capture and verify product information directly at the source, the system ensures that data anchored on VeChainThor is permanent, verifiable and ready for regulatory audits.

Rekords API is already live in production with multi-chain capability, and the first transactions have been pushed to the VeChain network.

The timing of the partnership is significant as Europe prepares to enforce the Ecodesign for Sustainable Products Regulation in 2026.

This regulation will require Digital Product Passports for a wide range of goods, linking compliance, sustainability and circular economy goals.

With Rekords trust layer validating data and VeChain providing a scalable blockchain backbone, businesses can prepare for these rules without disrupting their workflows.

Upcoming Hayabusa hard fork

Copy link to section

Beyond the Rekord partnership, the VeChain ecosystem is also preparing for its next mainnet upgrade, dubbed Hayabusa hard fork.

The Hayabusa hard fork is scheduled for December 2 at block height 23,414,400, marking one of the most significant upgrades in VeChains history.

The upgrade will transition VeChain from its current Proof-of-Authority setup to a more decentralised Delegated Proof-of-Stake model.

This shift aims to improve network security and encourage broader participation in governance.

Only staked VET will generate VTHO under the new dynamic reward system, creating stronger incentives for token holders to support network operations.

Hayabusa will launch alongside the StarGate mainnet, enabling NFT-based staking and validator delegation.

Exchanges, including Bithumb, have confirmed temporary suspension of deposits and withdrawals during the upgrade, underscoring their scale and importance.

A testnet release on November 4 and an upgrade to v0.68 on Tuesday, November 25, laid the groundwork, and the transition period will run until December 9.

Notably, the upgrade is a meaningful step toward decentralisation, improved tokenomics, and stronger enterprise-level performance, contributing to renewed attention on VeChain price trends over the past week.

VET price outlook

Copy link to section

As the VeChain–Rekord partnership drives market sentiment, eyes are on the upcoming Hayabusa upgrade.

The VeChain network upgrades, staking incentives via StarGate, and real-world asset adoption provide strong fundamentals that may support a gradual recovery in VeChain price for traders looking for short to medium-term gains.

Technical indicators show support around the 23.6% Fibonacci retracement at $0.0131, while immediate resistance sits near the 38.2% Fibonacci retracement at $0.0149.

VeChain price analysis | Source: TradingView

If bullish momentum continues, VET price could test $0.0163 within the next two weeks.

Conversely, a drop below $0.0131 may trigger a short-term pullback toward the 24-hour low at $0.0128.