Vechain Price

Vechain (VET) is a cryptocurrency and blockchain platform designed for enterprise-level supply chain management and business processes. Key features of Vechain include: - Dual-token system: VET for value transfer and VTHO for transaction fees - Proof-of-Authority consensus mechanism for fast and efficient transactions - Focus on real-world business applications, especially supply chain tracking - Smart contract and dApp functionality - Partnerships with major companies across various industries As of 2025-07-31, Vechain has a market cap of $2.13B and is ranked #59 among cryptocurrencies. The current price is $0.02484, with a 24-hour trading volume of $1.65M. Vechain has a circulating supply of 85.98B VET VET and a maximum supply of 86.71B VET VET. Vechain aims to solve real-world business problems by providing a scalable, secure, and cost-effective blockchain solution for enterprise adoption. Its unique dual-token model and focus on practical applications have attracted significant interest from both the crypto community and traditional businesses.

Vechain was created on August 22, 2017. It was initially launched as an ERC-20 token on the Ethereum blockchain. However, the mainnet of Vechain's own blockchain, VeChainThor, was officially launched on June 30, 2018. This marked the transition of Vechain from an Ethereum-based token to its own independent blockchain platform. Since then, Vechain has been operating on its native blockchain, focusing on supply chain management and enterprise solutions using blockchain technology.

The founders of Vechain are Sunny Lu and Jay Zhang. Sunny Lu, the former CIO of Louis Vuitton China, serves as the CEO of Vechain Foundation. Jay Zhang, with a background in cybersecurity and risk management, is the CFO. They founded Vechain in 2015 and launched the mainnet in June 2018. Under their leadership, Vechain has developed into a leading enterprise-focused blockchain platform, currently ranked 59 with a market cap of $2.13B. The founders' vision is to create a trust-free and distributed business ecosystem to enable transparent information flow, efficient collaboration, and high-speed value transfer.

Vechain operates on a dual-token system: 1. VET: The main token used for value transfer and staking. It has a fixed supply of 85.98B VET. 2. VTHO: Generated by holding VET, used to pay for transactions on the network. The blockchain uses Proof of Authority consensus, where authorized nodes validate transactions. This allows for fast and efficient processing. Key features: - Enterprise-focused blockchain solutions - Supply chain management applications - IoT integration - Smart contract functionality Users can earn VTHO by simply holding VET in their wallet. The network adjusts VTHO generation to maintain stable transaction costs. Vechain's governance model allows stakeholders to vote on important decisions, with voting power based on node status and VET holdings. As of 2025-07-31, Vechain ranks #59 with a price of $0.02484 and market cap of $2.13B. The 24-hour trading volume is $1.65M.

Vechain utilizes a dual-token system and proof-of-authority consensus mechanism. The main features of its technical architecture include: 1. Two tokens: VET for value transfer and VTHO for transaction fees 2. Proof-of-Authority (PoA) consensus with 101 authority masternodes 3. Meta-transaction system allowing fee delegation 4. Multi-party payment protocol for complex payment scenarios 5. Multi-task transactions to batch multiple calls in one transaction 6. Built-in governance mechanism for network upgrades 7. Customizable transaction model supporting various business use cases 8. Compatibility with Ethereum Virtual Machine (EVM) 9. Scalable infrastructure designed for enterprise adoption This architecture allows Vechain to achieve high throughput, low transaction costs, and flexibility for real-world business applications while maintaining decentralization and security. The dual-token model helps stabilize transaction costs as VET appreciates in value over time.

The future of Vechain looks promising, with a strong focus on enterprise adoption and real-world use cases. The VET roadmap includes: 1. Expanding partnerships: Collaborating with more businesses across various industries to implement blockchain solutions. 2. Enhancing scalability: Improving the network's throughput and efficiency to handle increased transaction volumes. 3. Developing new tools: Creating more developer-friendly tools and SDKs to facilitate dApp creation on the Vechain platform. 4. Sustainability initiatives: Implementing eco-friendly blockchain solutions to reduce carbon footprint. 5. Governance improvements: Refining the on-chain governance model to ensure more decentralized decision-making. 6. Interoperability: Working on cross-chain compatibility to connect with other blockchain networks. 7. DeFi ecosystem growth: Fostering the development of decentralized finance applications on the Vechain network. By 2026, Vechain aims to have significantly increased its enterprise adoption. The projected price for 2026 is $0.03039. Long-term price predictions suggest Vechain could reach $0.04885 by 2030 and potentially -- by 2035, driven by increased utility and mainstream adoption. However, these projections are speculative and subject to market conditions.