Devve (DEVVE) Up 30% Following Addition to DevvStream’s Crypto Treasure Portfolio

DevvE (DEVVE), the native cryptocurrency of the DevvX blockchain, is up double digits today due to recent news about its institutional adoption. The carbon management firm, DevvStream, mentioned DEVVE as part of the initial composition of its crypto treasury portfolio, alongside bitcoin (BTC) and Solana (SOL).

According to data from CoinMarketCap, the news triggered a rally in DevvE’s price. The asset climbed 33% from $0.431 to $0.575 after DevvStream made the announcement yesterday. The asset had retraced slightly at the time of writing, recording a 16.4% increase daily.

Despite DevvE’s latest rally, it remains approximately 75% below its March 2024 all-time high of $2.14. On the brighter side, the asset is 276% above its all-time low of $0.136 recorded in September. At the time of writing, the coin’s market capitalization stood at $45.97 million, with a 24-hour trading volume of $1.24 million. 

What is DevvE?

The DevvX blockchain claims to operate with less energy than Bitcoin, reduced cost compared to Ethereum, and support an infinite number of transactions per second. As the blockchain’s native asset, DEVVE serves as an intermediary and liquidity mechanism for real-world assets (RWAs). The asset also serves as the primary shared digital asset (SDA) to remove fractured liquidity across trading pools on the DevvExchange.

DevvExchange is a fully non-custodial settlement layer linked to the DevvX blockchain. Users holding DEVVE can earn rewards by contributing liquidity on DevvExchange and the DevvX blockchain.

Both DEVVE, DevvX, DevvExchange, and DevvStream all fall under the umbrella of Devvio, their founding company. Devvio created the Swiss non-profit organization, Forevver Association, to manage DEVVE and other tokens on the DevvX network. So, while DEVVE and DevvStream may appear interconnected, they operate independently of each other. This is why DevvStream’s adoption of DEVVE as a treasury asset is a significant development.

DevvStream’s Crypto Treasury Strategy

In DevvStream’s announcement, the company stated that its crypto treasury strategy aims to “combine institutional-grade liquidity with exposure to programmable sustainability.” At the same time, the strategy is designed to integrate RWAs as a core investment thesis and adopt a dual approach to digital assets.

DevvStream selected BTC to provide security and liquidity in the portfolio and SOL for its speed and large-scale ecosystem. DEVVE comes in as an asset that enables the company’s impact-layer tokenization strategy.

A tweet by the pseudonymous crypto trader Altking highlighted that DevvStream is betting on its ecosystem by adopting DEVVE. Such development could pave the way for more institutional players to adopt DEVVE as a green cryptocurrency. The ecosystem’s ties to environmental, social, and governance (ESG) activities could drive this adoption wave.

Furthermore, DEVVE could see its circulating supply reduce as DevvStream’s treasury holdings increase. This could ease selling pressure, and, if demand grows, lead to significant price appreciation.

DevvStream’s CEO, Sunny Trinh, said:

Our treasury model isn’t just about holding crypto. It’s about aligning capital with our mission. Our mix of assets is designed to deliver institutional-grade efficiency and income while bridging to sustainability tokenization and real-world asset integration. Together, they position DevvStream at the intersection of liquidity, innovation, and impact.”

The company intends to expand its crypto portfolio as part of a strategy to fund sustainable infrastructure and tokenize real-world environmental assets.

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