Sri Nanda Maharaja’s friend is called Vasudeva because he is radiant with piety, jewels and wealth, which are all denoted by the word vasu.
Visuddha sattva-guna, or the transcendental platform of pure existence, is also called vasudeva, and according to this meaning his name is Vasudeva because he is endowed with this visuddha sattva-guna. He is a partial manifestation of a Vasu called Drona and is also well known by the name Anaka Dundubhi[1].
A description of these names is found in the Mathura-mahatmya of the Garuda Purana. The renowned Sri Vrisabhanu Maharaja of Vraja is Sri Vasudeva Maharaja’s most dear friend.
* Radha Krishna Ganoddesa Dipika
[1] You find the full story of how Vasudeva and his wife Devaki became Krishna’s parents in the 10th Canto of the Srimad-Bhagavatam
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