VeChain
VET·Supply Chain·Rank #17
$0.03812
-$0.00077 (-1.98%)
Price Chart
Market Statistics
| Market Cap Rank | #17 | Fully Diluted Valuation | $3.3B | |
| 24h High | $0.0390 | 24h Low | $0.0372 | |
| 7d High | $0.0401 | 7d Low | $0.0368 | |
| Volume / Market Cap | 0.071 | All-Time Low | $0.00153 Mar 13, 2020 | |
| Circulating Supply | 72.7B VET | Max Supply | 86.7B VET |
About VeChain
VeChain is an enterprise-focused blockchain platform designed to track goods, verify authenticity, and improve supply chain management, founded in 2015 by Sunny Lu. It uses a Proof of Authority consensus mechanism where approved validators (Authority Masternodes) — typically established companies — process transactions, prioritising speed and reliability over full decentralisation. VeChain's dual-token system separates value storage (VET) from gas payments (VTHO, which is generated by holding VET), stabilising transaction costs for businesses regardless of VET price fluctuations. Real-world users include LVMH (luxury goods authentication), BMW (car history records), Walmart China (food traceability), and the government of San Marino.