VeChain
VETRank #106- Market cap
- $587.12M
- 24h volume
- $6.31M
- 7d change
- -14.78%
- 30d change
- -13.37%
- 24h high / low
- $0.00683 / $0.006428
- Circulating supply
- 85.99B
- Max supply
- 86.71B
- All-time high
- $0.281 (Apr 18, 2021)
An enterprise-focused Layer-1 blockchain for supply chains and verifiable real-world data, using a dual-token model to separate staking from transaction fees.
By the PickACrypto Team · Updated Oct 1, 2026
Our read on VeChain
Enterprise-focuseddual-token L1long-running
VeChain has built a decade-long track record of enterprise partnerships and a distinct dual-token architecture, though its market-cap rank of #92 reflects its current position relative to other L1 networks.
- 2015
- Founded
- #92
- Market-cap rank
- VeChainThor (EVM-compatible Layer-1)
- Network
- VET (native asset and staking collateral) and VTHO (transaction fees)
- Dual-token model
- 85,985,041,177
- Circulating / total supply
- 86,712,634,466
- Max supply
The bull case
- The dual-token model isolates fee volatility from the value of the staking asset, giving enterprises more predictable transaction costs than a single-token L1.
- A founding date of 2015 and a roster of named enterprise partners including Walmart China, DNV, PwC, Boston Consulting Group and UFC provide a longer track record of real-world engagement than most L1s.
- Native features such as fee delegation and multi-clause transactions are specifically designed for enterprise and consumer use cases rather than retrofitted later.
- The VeBetter platform reports 5.3 million users and over 50 million verified actions, indicating traction beyond pure infrastructure into consumer-facing applications.
The bear case
- With circulating supply at 85,985,041,177 against a max of 86,712,634,466, the remaining uncirculated portion is small but the absolute supply is very large, which can constrain per-token price dynamics.
- Enterprise partnerships and pilots do not automatically translate into sustained on-chain economic activity or fee generation comparable to DeFi-heavy L1s.
- The market-cap rank of #92 places VeChain outside the top tier of L1 networks by market valuation.
- The broad scope of the ecosystem, spanning supply chains, sustainability, NFT staking and AI agents, risks diluting focus across too many verticals.
What VeChain is
VeChain is a public Layer-1 blockchain founded in 2015 and designed for real-world applications. Its VeChainThor network supports enterprise and consumer use cases involving supply chains, product provenance, sustainability, digital product passports, tokenized incentives and verifiable data.
The network is EVM-compatible and combines smart contract functionality with a dual-token model, native fee delegation and multi-clause transactions. VeChain has worked with organizations including Walmart China, DNV, PwC, Boston Consulting Group and UFC across enterprise, sustainability and consumer initiatives.
How it works
VeChainThor uses a dual-token architecture. VET serves as the network's native asset and staking collateral, while VTHO is used to pay transaction fees and execute smart contracts. This separation is intended to decouple the cost of using the network from the market price of VET.
The network also features native fee delegation, allowing a party other than the transaction sender to cover gas costs, and multi-clause transactions, which enable multiple operations to be batched into a single transaction. These features are oriented toward enterprise deployments where user experience and cost predictability matter.
The broader ecosystem includes VeBetter, an app platform that rewards verified positive actions; StarGate, an NFT-based staking platform; VeWorld, a self-custody wallet; and VeWorld.ai, an AI-agent platform.
Tokenomics
VET is the native asset of VeChainThor and functions as staking collateral. VTHO, the secondary token, is used to pay transaction fees and execute smart contracts. The dual-token structure means that network usage consumes VTHO rather than directly burning VET.
Circulating supply and total supply are both 85,985,041,177, against a maximum supply of 86,712,634,466. This leaves a small gap between current circulation and the hard cap, meaning the vast majority of the eventual token supply is already in circulation.
Competitive edge
VeChain's competitive positioning rests on its long operating history and its deliberate design choices for enterprise use. Features such as fee delegation and multi-clause transactions are built into the base layer rather than added via third-party tooling.
The reported traction of VeBetter, with 5.3 million users, more than 50 live applications and over 50 million verified actions as of the April 2026 roadmap, points to a consumer-facing layer that complements its enterprise work.
VeChainThor combines EVM-compatible smart contracts with a dual-token model, native fee delegation and multi-clause transactions.
The named partnerships with Walmart China, DNV, PwC, Boston Consulting Group and UFC span enterprise, sustainability and consumer initiatives, giving VeChain a breadth of real-world engagement that most L1s cannot match.
Frequently asked questions
- What is the difference between VET and VTHO?
- VET is the native asset and staking collateral for the VeChainThor network, while VTHO is the token used to pay transaction fees and execute smart contracts. The two-token design separates network usage costs from the value of the staking asset.
- How much of the VET supply is in circulation?
- Circulating supply and total supply are both 85,985,041,177, against a maximum supply of 86,712,634,466. The vast majority of the eventual token supply is already circulating.
- What is VeBetter?
- VeBetter is an app platform on VeChain that rewards verified positive actions. As of the April 2026 roadmap, it had reached 5.3 million users, more than 50 live applications and over 50 million verified actions.
Sources
The durable facts on this page are drawn from the sources below; live market figures update from our own database. See our methodology.
Technical indicators
Computed daily by our pipeline from accumulated price history.
- RSI (14d)
- 47.6
- 50-day SMA
- $0.005741
- 200-day SMA
- —
- Volatility (30d, annualised)
- 193.72%
- 90d support
- $0.004362
- 90d resistance
- $0.009358
- Correlation vs BTC
- 0.79
- Correlation vs ETH
- 0.8
VeChain price prediction
Our deterministic model publishes forecast ranges for VeChain across five horizons, each recorded immutably and scored on the Accuracy Ledger when it matures.
This is research and analysis, not financial advice. Crypto is volatile and you can lose what you put in. Figures are sourced above or drawn live from our own database. Always do your own research.
Market data synced from CoinGecko into our own database. This page's figures were captured Mon, 19 Oct 2026 01:00:00 GMT. Every figure is injected from that record; see the methodology. Nothing on this page is financial advice. Read the disclaimer.