🪙 Layer 1 — Supply Chain Launched 2018 11 min read

VeChain (VET) — Blockchain for the Real World

Q: What is VeChain in simple terms?

VeChain is a blockchain for tracking real products. Imagine scanning a wine bottle's QR code and seeing exactly which vineyard it came from, when it was bottled, what temperature it was stored at, and every warehouse it passed through. VeChain puts that kind of product data on a blockchain so it can't be faked.

Q: What is the difference between VET and VTHO?

VeChain uses a two-token model. VET is the main investment/value token — what you buy on exchanges. VTHO (VeThor) is the gas token used to pay for transactions. Holding VET automatically generates VTHO over time, similar to earning interest. This separates speculation (VET) from network usage costs (VTHO).

Q: Which companies use VeChain?

Notable partners include Walmart China (food traceability), BMW (vehicle data), LVMH/luxury brands (authentication), DNV (quality assurance), PwC (original incubator), and various wine/spirits companies for anti-counterfeiting. VeChain has one of the strongest enterprise partnership portfolios in crypto.

Q: Why is VET price so low?

VET has a very large circulating supply (~82 billion tokens), which means the price per token is low even with a multi-billion dollar market cap. This is normal — compare it by market cap, not price. A $0.03 VET with 82B supply is similar to a $2 coin with 1B supply. Price per token alone tells you nothing.

Q: Is VeChain centralized?

VeChain uses Proof-of-Authority (PoA) consensus, where 101 pre-approved Authority Masternodes validate transactions. These are vetted enterprises and institutions. This makes VeChain more centralized than Bitcoin or Ethereum, but that's a deliberate trade-off — enterprise clients want known validators they can trust.

Q: Can I stake VET?

You don't "stake" VET in the traditional sense, but holding VET generates VTHO automatically. Every VET in your wallet produces a small amount of VTHO continuously. The longer and more VET you hold, the more VTHO you earn. Some wallets and exchanges distribute this automatically.

VeChain is a blockchain built for enterprise supply chain management. It lets companies track products from factory to customer, fight counterfeiting, ensure food safety, and verify sustainability claims — all on an immutable, transparent ledger.

Last updated: February 19, 2026

Current Price

$0.028

Fallback price

Market Cap

$2.30B

Circulating Supply

82.7B

of 86.7B max

24h Volume

$95M

⚡ Quick Summary

✅VeChain is a supply chain and enterprise blockchain — built for tracking real products
✅Major partners: Walmart China, BMW, DNV, LVMH brands
✅Two-token model: VET (value/governance) + VTHO (gas/utility)
✅Holding VET automatically generates VTHO — passive income from holding
✅Uses Proof of Authority — fast, efficient, enterprise-friendly consensus
✅All-time high: $0.28 (Apr 17, 2021)

VeChain Price Statistics

Metric	Price (USD)	Date / Period
Current Price	$0.028	Refreshed on page load
All-Time High	$0.28	Apr 17, 2021
1-Year High	$0.065	Last 12 months
1-Year Low	$0.018	Last 12 months
1-Month High	$0.035	Last 30 days
1-Month Low	$0.024	Last 30 days
5-Year Low	$0.008	Jun 2022
All-Time Low	$0.0015	Mar 13, 2020

Price data sourced from CoinGecko. Historical figures are approximate and updated periodically.

What is VeChain?

Here's a problem you probably didn't know exists: counterfeiting costs the global economy over $500 billion per year. Fake luxury goods, counterfeit medicines, fraudulent organic food labels — the current system relies on paper certificates and trust, both easily faked.

VeChain solves this by putting product data on a blockchain — an immutable record that can't be altered after the fact. Every step of a product's journey (manufacturing, quality testing, shipping, storage temperature, delivery) gets recorded. Anyone can scan a product code and verify its entire history.

What makes VeChain different from most crypto projects is its enterprise focus. While Ethereum and Solana focus on DeFi and retail users, VeChain targets corporations. It was actually incubated by PwC China — one of the "Big Four" accounting firms — before becoming an independent project.

The two-token model is clever: VET is for value transfer and governance (what you trade on exchanges), while VTHO is the gas token that pays for transactions. By separating them, VeChain ensures that speculation on VET doesn't make the network too expensive to use — VTHO prices can be adjusted by governance if needed.

VeChain at a Glance

TypeLayer 1 (Enterprise)

TickerVET + VTHO

Mainnet LaunchJune 30, 2018

OriginPwC China / Bitse

ConsensusProof of Authority (PoA)

Max Supply86,712,634,466 VET

Authority Nodes101 vetted validators

Block Time~10 seconds

Real-World Use Cases

VeChain stands out because it has actual enterprise clients using its blockchain in production:

🛒 Walmart China

Tracks 100+ food products from farm to shelf. Customers can scan QR codes to see the complete supply chain history, freshness data, and certifications.

🚗 BMW

Uses VeChain VerifyCar to track vehicle mileage, maintenance history, and ownership records. Prevents odometer fraud in used car sales.

👜 Luxury Authentication

LVMH brands and other luxury goods companies use VeChain to prove authenticity. Each product gets a unique blockchain identity that's impossible to counterfeit.

🌍 Carbon Tracking

VeChain's sustainability platform tracks carbon emissions across supply chains. Companies can prove their green claims with verifiable blockchain data instead of self-reported numbers.

VeChain Timeline

2015

Jun

VeChain started as a project under PwC China and the Bitse blockchain division to solve supply chain transparency issues

2017

Aug

VEN token launches on Ethereum. VeChain Foundation established as a non-profit in Singapore

2018

Jun 30

VeChainThor mainnet launches — migrates from Ethereum to its own blockchain. VEN tokens convert to VET at 1:100 ratio

2019

Jun

Walmart China partners with VeChain for food traceability — tracking over 100 food products on blockchain

2020

VeChain wins toolchain contract for China's national food safety program. Partnership with BMW for vehicle data verification

2021

Apr

VET reaches all-time high of $0.28 during bull market. VeChain enters carbon emissions tracking and sustainability use cases

2023

Nov

VeChain rebrands with focus on "sustainability" — launches VeBetter ecosystem and Real World Asset (RWA) tracking solutions

2025

Continued enterprise adoption in supply chain, carbon tracking, and product authentication across Asia and Europe

VeChain vs Similar Projects

Feature	VeChain	Hedera	Chainlink
Focus	Supply chain	Enterprise DLT	Oracle network
Consensus	PoA (101 nodes)	Hashgraph	N/A (oracle)
Enterprise Partners	Walmart, BMW, DNV	Google, IBM, Boeing	SWIFT, Google
Token Model	Dual (VET+VTHO)	Single (HBAR)	Single (LINK)
DeFi Ecosystem	Small	Small	Cross-chain

Where to Buy VET

VET is available on most major exchanges. Note: Coinbase does not list VET as of early 2026. Here are the best options:

Binance

0.10% fee

Highest VET liquidity

Read review →

Bybit

0.10% fee

Low fees, good for alts

Read review →

KuCoin

0.10% fee

Wide altcoin selection

Read review →

OKX

0.10% fee

Web3 wallet included

Read review →

Gate.io

0.20% fee

Many VET trading pairs

Read review →

Bitget

0.10% fee

Copy trading available

Read review →

How to Store VET

🔥 Hot Wallets

VeChainThor Wallet (official), Trust Wallet, Sync2 — all generate VTHO automatically when holding VET.

🧊 Cold Wallets

Ledger supports VET natively. Connect with Sync2 browser extension for a secure hardware wallet experience.

💡 VTHO generation: Wherever you hold VET (wallet or exchange), VTHO is generated automatically. But some exchanges may not distribute it to you. For maximum VTHO generation, hold in a personal wallet like VeChainThor or Ledger.

Pros and Cons of VeChain

✅ Pros

Real enterprise adoption — Walmart, BMW, DNV partnerships
Dual-token system keeps transaction costs predictable
Passive VTHO income from simply holding VET
Proven supply chain solution with production use cases
Carbon-neutral with sustainability focus
Fast and cheap — 10-second blocks, minimal fees

❌ Cons

Centralized — only 101 authority nodes
Poor price performance — down 90% from ATH
Very large supply — 86 billion tokens total
Not on Coinbase — limits US accessibility
China dependency — regulatory risk
Small DeFi/dApp ecosystem outside supply chain

Frequently Asked Questions

What is VeChain in simple terms?

VeChain is a blockchain for tracking real products. Imagine scanning a wine bottle's QR code and seeing exactly which vineyard it came from, when it was bottled, what temperature it was stored at, and every warehouse it passed through. VeChain puts that kind of product data on a blockchain so it can't be faked.

What is the difference between VET and VTHO?

VeChain uses a two-token model. VET is the main investment/value token — what you buy on exchanges. VTHO (VeThor) is the gas token used to pay for transactions. Holding VET automatically generates VTHO over time, similar to earning interest. This separates speculation (VET) from network usage costs (VTHO).

Which companies use VeChain?

Notable partners include Walmart China (food traceability), BMW (vehicle data), LVMH/luxury brands (authentication), DNV (quality assurance), PwC (original incubator), and various wine/spirits companies for anti-counterfeiting. VeChain has one of the strongest enterprise partnership portfolios in crypto.

Why is VET price so low?

VET has a very large circulating supply (~82 billion tokens), which means the price per token is low even with a multi-billion dollar market cap. This is normal — compare it by market cap, not price. A $0.03 VET with 82B supply is similar to a $2 coin with 1B supply. Price per token alone tells you nothing.

Is VeChain centralized?

VeChain uses Proof-of-Authority (PoA) consensus, where 101 pre-approved Authority Masternodes validate transactions. These are vetted enterprises and institutions. This makes VeChain more centralized than Bitcoin or Ethereum, but that's a deliberate trade-off — enterprise clients want known validators they can trust.

Can I stake VET?

You don't "stake" VET in the traditional sense, but holding VET generates VTHO automatically. Every VET in your wallet produces a small amount of VTHO continuously. The longer and more VET you hold, the more VTHO you earn. Some wallets and exchanges distribute this automatically.

Explore more coins

Learn about other enterprise-focused blockchains, or browse all our coin guides.

All Coins Hedera Compare Exchanges