OpenVPP
OVPPThe full report. Score, pillars, arithmetic, risk, scenario, signal and notes.
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About OpenVPP
Analysis of 13 Apr 2026OpenVPP (OVPP) is a DePIN project positioning itself as a decentralized payment and orchestration layer for the global electric utility industry. Built on Base L2 (Coinbase's Ethereum Layer 2), it aims to connect distributed energy resources like electric vehicles, solar panels, and batteries to the blockchain.
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The platform's flagship dApp, OpenVPP World, tokenizes connected vehicles as NFTs on Base and records charging data on-chain. Trading at approximately $0.0166 in mid-April 2026 with a market cap of around $13 million and ranked approximately #1000 on CoinGecko, OVPP has gained significant momentum with a 110% increase over 7 days.
The circulating supply is 805 million OVPP out of a maximum supply of 1 billion. Co-founded by Parth Kapadia, who previously worked at AutoGrid (acquired by Schneider Electric) and Exelon Corp, the project claims 175,000+ devices deployed.
However, the project faces serious credibility concerns: blockchain investigator ZachXBT flagged it for relying on influencer promotion, ComEd explicitly denied any partnership despite OpenVPP's claims, and SEC Commissioner Hester Peirce publicly denied endorsing the project after OpenVPP implied a collaboration.