About vechain
VET is one of two native tokens on the VechainThor blockchain. VechainThor is an energy-efficient, sustainable network that global enterprises and governments can use to leverage smart contracts and decentralized applications. VET tokens are the “value-transfer medium” across the VechainThor blockchain. VET tokens govern the network and generate VTHO tokens. VTHO is the other native token of the VechainThor blockchain which is used to pay network gas fees.
Buy vechainHappening now
AI generated 8h ago
VET surged ↗37% in trading volume since yesterday, outpacing the market's ↗12% increase. This momentum continues with a 3% price increase in the last three hours.
See moreGet up to $200 for getting started
Sign me upTrading Insights
Buyer Ratio
Traders
1.9K
-1.25%
Buyers
1.1K
9.47%
Sellers
863
-13%
Searched
1.8K
Market Stats
Market Cap
$2.15B
FDV
$2.16B
Circ. Supply
86B VET
Max Supply
87B VET
Total Supply
86B VET
Performance
Popularity
#49
Dominance
0.06%
Volume (24H)
$71.71M
44.3%
Volume (7D)
$288.02M
Volume (30D)
$2.32B
All time high
$0.28
Price Change (1Y)
-6.74%
Additional details
Market details
VET vs markets
↘ 41.85%
VET vs BTC
↘ 47.33%
VET vs ETH
↘ 19.01%
Tags
logistics
data-provenance
iot
smart-contracts
+3
Network & Addresses
Network | Address | |
---|---|---|
VeChain | NA |
Price history
Time | Price | Change |
---|---|---|
Today | $0.0246 | ↘ 1.34% |
1 Day | $0.0253 | ↘ 2.13% |
1 Week | $0.0277 | ↘ 10.43% |
1 Month | $0.0208 | ↗ 18.99% |
1 Year | $0.0266 | ↘ 6.74% |
Coinbase insights
Happening now
AI generated 8h ago
VET surged ↗37% in trading volume since yesterday, outpacing the market's ↗12% increase. This momentum continues with a 3% price increase in the last three hours.
Market Position
•
Ranks among top 10 Layer 1 assets with roughly 2% hourly price gain
•
Monthly price up about 19%, showing strength in Layer 1 category
•
24-hour price down ↘5%, underperforming some leading Layer 1 peers
Past Stories
Recent trends
The latest VET price is $0.0246. Compared to vechain's value of $0.03 from 24 hours ago, there's been a -2% decrease, while the current price is -10% down from $0.03 which was recorded one week ago. vechain's all time high is $0.28, which was reached on April 17, 2021. This is a -91% change from its price today.
The current circulating supply of vechain is 85,985,041,177. This is 99% of its max supply of 86,712,634,466 VET and 100% of its total supply of 85,985,041,177. The market cap is currently $2.15B, which is a result of multiplying the current price of vechain($0.02) by the total supply(85,985,041,177 VET). The fully diluted valuation of vechain is $2.16B. The diluted valuation of vechain is $2.16B.
vechain had 1,075 buyers, 863 sellers and total 1,902 trades in the last 24h. vechain was searched 1,769 times in the last 24h.
FAQ
VeChain (VET) is an enterprise-grade L1 smart contract platform that seeks to leverage distributed governance and Internet of Things (IoT) technologies to create an ecosystem that addresses major data challenges for various global industries. The platform uses two tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain. VET generates VTHO and acts as the store of value and value transfer medium, while VTHO is used to pay for GAS costs, separating the need to expend VET when writing data. This dual-token system is designed to avoid fee fluctuations and network congestion. VeChain was founded by Sunny Lu, an IT executive who was formerly CIO of Louis Vuitton China, and Jay Zhang, who previously worked for both Deloitte and PriceWaterhouseCoopers in the finance and risk management sphere.
VeChain operates using an identifier system known as VeChain IDs, which are assigned to products and tracked at each step of a supply chain, creating an environment for all parties involved. The platform seeks to provide stakeholders with detailed information about products and business processes, thereby increasing market transparency and making international trade more efficient. VeChain software allows enterprise developers to create and run decentralized applications (dApps), offering a higher level of services and goods. The project also uses proprietary solutions and developments, including ToolChain, My StoryTool, the VeChainThor blockchain, and Internet of Things (IoT) technology to facilitate processes.
VeChain aims to improve upon traditional business models, particularly in the supply chain industry. By using transparent technology with no single point of control, VeChain seeks to provide greater security, efficiency, and ease of tracking for all kinds of data, while reducing costs through trustless automation via smart contracts. The platform has wide appeal to many different clients and industries, with potential use cases in carbon, supply chain, international logistics, incentivized ecosystems, automobile passports, and more. VeChain's blockchain was designed to simplify supply chain management processes by making inventory tracking more transparent. The platform itself is based on distributed ledger technology to streamline operations and process a flow of information for complex supply chains.