#31 / InfrastructurevechainPartially verified
VeChain
An enterprise chain focused on supply chain traceability and ESG data.
Token
VET
Sector
Supply chain and enterprise
Category
Infrastructure
Organizations
0
Coverage
9/11
Live market data
VET market
CoinGecko data; may be delayed.
Tokenomics
Circulating vs diluted1.01x
- Circulating supply
- 85.99B
- Total supply
- 85.99B
- Max supply
- 86.71B
99.2% of the achievable supply is already circulating.
All-time high (ATH)
$0.28 -97.68% · Apr 18, 2021
Source: CoinGecko, snapshot of Oct 26, 2026. Figures may be delayed.
On-chain fundamentals
This asset is not mapped to a DefiLlama-tracked protocol or chain, or the provider reports no data for it. When a verified mapping exists, the table appears here.
Why it matters
VeChain targets enterprise adoption rather than DeFi, using a dual-token design where VET holds value and VTHO pays for transactions, which insulates business users from fee volatility. Its typical use cases are product authentication, logistics tracking and sustainability reporting, with real corporate deployments but a business model tied to enterprise sales cycles.
General research guidance, not analysis specific to this asset. Detail is pending.
Track the real organization or foundation behind the token, not just the ticker.
Separate token utility from price action before building a position.
Compare network usage, liquidity, incentives, and governance quality against nearby competitors.
How it works
VeChain is an enterprise-focused L1 with a dual-token design: VET carries value and acts as an asset, while VTHO — generated automatically by holding VET — pays for transactions. Separating the gas meter from the value token lets enterprises budget fees in a stable unit while VET's price floats, which is the design's whole point.
Token utility
Value and staking layer generating VTHO for fees
Enterprise on-chain data anchoring and product authentication
Governance within its authority-based validator model
Value capture
VET captures value through VTHO generation — holding VET is a claim on future gas consumption — and through fee burn: a portion of every transaction's VTHO is burned, tying VET demand to network usage. Enterprise adoption is the demand engine; without it, the mechanism idles.
Supply and issuance
VET is fully circulating at 86.7 billion fixed supply — no unlock overhang. VTHO, by contrast, is continuously generated by VET holdings and burned on use, so its supply is dynamic by design; fee burn doubles as a mild VET-value sink.
Governance
Authority proof-of-stake: 101 vetted authority masternodes validate blocks, steered by a steering committee of established companies and partners. It is explicitly permissioned governance — the trade the chain makes for enterprise reliability, not an accident of decentralization.
Key risks
Validator set is more permissioned than most public chains
Enterprise pilots convert slowly into recurring on-chain volume
Limited DeFi and consumer ecosystem
Frequently asked questions
Why two tokens instead of one?
Stability for fee budgeting: an enterprise paying for supply-chain writes should not care about VET's price that week. VTHO decouples transaction cost from token speculation — holding VET for investment and paying gas are separate activities.
What has VeChain actually been used for?
Supply-chain traceability, product authentication and sustainability tracking with household-name partners in Asia and Europe — the honest caveat is that enterprise pilots often run at low on-chain volume, so fee burn remains modest relative to token float.
References
Last verified:
- VeChain Official | Blockchain Trust Layer for AI & Business
VeChain · vechain.org · primary source
The project's official site, retrieved on the date shown, supporting how it describes itself. It does not establish supply, governance or issuance mechanics.
Accessed
Linked organizations
MapPending linkage to a concrete organization on the map.
Relationships
Competes with
Hedera
Serves a comparable role, so the two are worth reading side by side.
Directory suggestion, pending verification.
Competes with
Quant
Serves a comparable role, so the two are worth reading side by side.
Directory suggestion, pending verification.
Related to
Ethereum
Adjacent asset in the same research context.
Directory suggestion, pending verification.
