VeChain is a Layer 1 blockchain built to support enterprise and real world applications. It is commonly used for supply chain tracking, product authentication, sustainability reporting, and data verification. VeChain enables businesses to record and verify information on chain using physical identifiers such as RFID and QR codes, improving transparency and trust across global supply chains.

VeChain was co founded by Sunny Lu in 2015. Lu previously served as a senior executive in the technology sector and helped shape VeChain’s enterprise first strategy. The project is now governed by the VeChain Foundation, which oversees protocol development, ecosystem growth, and partnerships rather than founder led control.

VeChainThor is VeChain’s proprietary Layer 1 blockchain launched in 2018. It supports smart contracts, decentralized applications, and enterprise integrations. The network uses a dual token system and is designed to provide predictable transaction costs, governance oversight, and compatibility with business focused applications.

VET is the primary value transfer and staking token of the VeChain ecosystem. Holding VET generates VTHO over time, which is used to pay transaction fees. VET also represents economic participation in the network and plays a role in governance and ecosystem incentives.

VTHO is the utility token used to pay for transactions and smart contract execution on VeChainThor. It is generated automatically by holding VET and is consumed when transactions occur. This separation allows transaction costs to remain more stable for users and enterprises, independent of VET market activity.

VET has a fixed maximum supply of 86,712,634,466 tokens. According to network data, the full supply is currently in circulation. VTHO does not have a fixed maximum supply, as its issuance and burn depend on network activity and governance parameters.

VeBetter is a sustainability focused Web3 application ecosystem built on VeChain. It rewards users for environmentally and socially positive actions using dedicated incentive and governance tokens. Applications within VeBetter target areas such as recycling, food choices, transportation, and lifestyle behaviors aligned with sustainability goals.

While VeChain began with a strong enterprise focus, its strategy has expanded to include consumer facing applications. Initiatives like VeBetter aim to bring blockchain utility to everyday users while still leveraging VeChain’s experience with enterprise adoption and real world data integration.

VeChain governance is managed by the VeChain Foundation through a structured model that includes stakeholders, authority nodes, and community participants. Governance decisions cover protocol upgrades, economic parameters, and ecosystem initiatives. The model emphasizes stability, compliance, and long term network sustainability.

VET is traded on major centralized cryptocurrency exchanges and is available in pairs with cryptocurrencies, stablecoins, and fiat currencies depending on the platform. Markets also exist for VTHO. Availability varies by region and exchange policies.

The current VeChain price is $0.01. The VeChain price has changed by 1.3006594031722365% in the last 24 hours.

The current market capitalization is $579,311,310. This represents the total value of all circulating tokens at the current price.

The 24-hour trading volume is $14,635,720. This represents the total value of all trades executed in the last 24 hours across all exchanges.

VeChain is available for trading on various centralized exchanges (CEX) like Binance, HTX, Coinbase Exchange and decentralized exchanges (DEX) like AscendEX (BitMax). These platforms offer trading pairs with various cryptocurrencies and fiat currencies.

The all-time high for VeChain was $0. This represents the highest price the token has ever reached.