VeChain
VET Rank #114
Supply ChainEnterprise
₹0.6743
▼ 2.33%
24h
Market Cap
₹57,981,432,966
24h Volume
₹645,279
All-Time High
₹26.86
All-Time Low
₹0.183258
Circ. Supply
85,985,041,177
of 86,712,634,466 max
Fully Diluted
₹58,472,063,673
Price Chart
24h Price Range
INR
₹0.66
₹0.71
Overview
About VeChain
VeChain is a blockchain platform focused on supply chain tracking, letting businesses record product data such as origin, authenticity, and quality on-chain. Its token, VET, is used to power transactions on the network.
VeChain was founded in 2015 by Sunny Lu, a former chief information officer at Louis Vuitton China, bringing an enterprise and supply chain background to the project. It has focused consistently on real-world business adoption rather than typical DeFi or consumer crypto applications.
VeChain uses a proof-of-authority consensus with a limited set of approved validators, prioritizing throughput and reliability for enterprise use over the permissionless decentralization of public chains like Ethereum. Its core product lets companies attach unique digital identifiers to physical products, recording their journey through supply chains on-chain.
VET is the base token used to pay for network resources and is held to generate VTHO, a separate token that pays for transaction fees, effectively decoupling the cost of using the network from the market price of VET. VeChain has signed partnerships with companies including Walmart China and various luxury goods and food safety programs.
Key Facts
Market Rank#114
Launched2017-08-15
Max Supply86,712,634,466
Circulating85,985,041,177 VET
SymbolVET
