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Crypto Almanac Daily

VeChain

VETRank #109
$0.004398-0.15%
Market cap
$378.10M
24h volume
$4.28M
24h high
$0.004444
24h low
$0.00437
Circulating supply
85,985,041,177 VET
All-time high
$0.281
All-time low
$0.001917
Max supply
86,712,634,466
Chart

VeChain price chart

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VET to USD

1 VET = $0 · rate updated at load

Liquidity

Where to buy VeChain

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Overview

About VeChain

VeChain uses two tokens: VET holds value and generates VTHO, which pays for transactions. That separation exists for a specific commercial reason — an enterprise cannot budget for operations priced in a volatile asset, and this design removes that problem.

Why two tokens solve an enterprise problem

On a single-token chain, transaction costs rise and fall with the token's price, so an application's operating costs are unpredictable. Holding VET generates VTHO at a steady rate, so a company holding enough VET has effectively prepaid its transaction capacity regardless of market movement.

Supply chain verification is the target use

Recording the movement and condition of physical goods on an immutable ledger addresses a real problem in provenance, counterfeit detection and cold-chain compliance. Several enterprise deployments have been announced in logistics and consumer goods.

The oracle problem applies to physical goods

A blockchain records what it is told. If someone attaches a tag to the wrong item or misreports a temperature reading, the ledger faithfully preserves an incorrect claim. Immutability guarantees that data was not altered afterwards, never that it was true when entered — this is the fundamental limit of every physical-provenance system.

Proof of authority concentrates validation

Block production sits with a limited set of authorised validators, delivering the throughput and predictability enterprises want with far less validator diversity than open networks. It is a deliberate choice for the target customer rather than an oversight.

What to weigh

The dual-token design genuinely solves a budgeting problem, and enterprise blockchain adoption has consistently been slower and quieter than announcements suggest. Deployment claims in this sector are hard to verify from outside.

Reference

Technical data

ConsensusDelegated Proof of Stake (dPoS)
Launched2017
Max supply86,712,634,466 VET
Reference

Frequently asked

Why does VeChain use two tokens?

VET holds value and generates VTHO, which pays transaction costs. This keeps operating costs predictable for enterprises regardless of the token's price.

Can blockchain prove a product is authentic?

It proves a record was not altered after entry. It cannot verify that the original claim was true, which is the limit of every physical provenance system.

How is VeChain's network secured?

By a limited set of authorised validators under proof of authority, prioritising predictable throughput over open validator participation.