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VeChain (VET) price today

VeChain is an enterprise-focused blockchain used to track products and record supply chain and sustainability data; the network has two tokens, VET and VTHO.

Written and reviewed by the Cripto View editorial team

VeChain price now

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Market data source: CoinGecko, with a reference USD/BRL rate. Values can lag by a few minutes.

What is VeChain?

VeChain was founded in 2015 by Sunny Lu, a former technology executive at Louis Vuitton China, and its own network, VeChainThor, went live in 2018.

The focus has always been corporate use: proving product origin, fighting counterfeits and recording environmental data, in partnerships with retail, automotive and consulting companies.

How VeChain works

The network uses two tokens. VET is the main asset, which holds value and underpins validation. VET holders generate VTHO, the token used to pay for transactions. The split aims to give companies a more predictable usage cost.

Blocks are produced by a limited set of identified validators. A reform begun in 2025 introduces staking and delegation to broaden participation.

What VET is used for

  • Generating VTHO to pay for transactions.
  • Staking and taking part in validation.
  • Traceability applications and rewards for sustainable actions.

Risks and points of attention

  • Validation concentrated in a few participants approved by the foundation.
  • Corporate partnerships do not always generate proportional demand for the token.
  • A very large supply and low unit price can give the false impression of a cheap asset.
  • Volatility typical of crypto assets.

Key facts

SymbolVET
Asset typeCryptocurrency
Launch2018
NetworkOwn blockchain (VeChainThor)
Consensus mechanismProof of Authority, transitioning to delegated staking
Maximum supplyAbout 86.7 billion VET

Reference data checked on October 3, 2026 against CoinGecko and the project's official pages.

Frequently asked questions about VeChain

What is the difference between VET and VTHO?

VET is the network's main token. VTHO is generated by VET holders and is consumed to pay transaction fees.

What do companies use VeChain for?

Mainly to record product and process data in a verifiable way, such as origin, authenticity and environmental indicators.

Does VET have a maximum supply?

Yes, about 86.7 billion units. VTHO, in turn, is issued and burned continuously.

Where does the VeChain price on this page come from?

The panel shows the VET price in US dollars and Brazilian reais, with change, volume and market capitalization. Data comes from CoinGecko, uses a reference exchange rate and can lag by a few minutes.