About vechain
VET is one of two native tokens on the VechainThor blockchain. VechainThor is an energy-efficient, sustainable network that global enterprises and governments can use to leverage smart contracts and decentralized applications. VET tokens are the “value-transfer medium” across the VechainThor blockchain. VET tokens govern the network and generate VTHO tokens. VTHO is the other native token of the VechainThor blockchain which is used to pay network gas fees.
Buy vechain
Trading Insights
Buyer Ratio
Traders
1.3K
2.02%
Buyers
745
2.9%
Sellers
608
2.01%
Searched
1.2K
Market Stats
Market Cap
£1.52B
FDV
£1.53B
Circ. Supply
86B VET
Max Supply
87B VET
Total Supply
86B VET
Performance
Popularity
#51
Dominance
0.05%
Volume (24H)
£32.96M
20.32%
Volume (7D)
£396.35M
Volume (30D)
£743.91M
All time high
£0.21
Price Change (1Y)
0.13%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Additional details
Recent trends
The price of vechain has decreased by 0.23% in the last hour and decreased by 3.16% in the past 24 hours. vechain’s price has also fallen by 3.86% in the past week. The current price is £0.0177 per VET with a 24-hour trading volume of £32.96M. Currently, vechain is valued at 91.44% below its all time high of £0.21. This all-time high was the highest price paid for vechain since its launch.
The current circulating supply of vechain is 85,985,041,177 VET which means that vechain has as total market cap of £1,516,464,977.97.
Market details
VET vs markets
↘ 44.59%
VET vs BTC
↘ 44.46%
VET vs ETH
↘ 40.04%
Tags
logistics
data-provenance
iot
smart-contracts
+3
Network & Addresses
Network | Address | |
|---|---|---|
VeChain | NA |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.0177 | ↘ 3.26% |
1 Day | £0.0182 | ↘ 3.16% |
1 Week | £0.0182 | ↘ 3.86% |
1 Month | £0.0175 | ↗ 1.34% |
1 Year | £0.0178 | ↗ 0.13% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
VeChain (VET) is an enterprise-grade L1 smart contract platform that seeks to leverage distributed governance and Internet of Things (IoT) technologies to create an ecosystem that addresses major data challenges for various global industries. The platform uses two tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain. VET generates VTHO and acts as the store of value and value transfer medium, while VTHO is used to pay for GAS costs, separating the need to expend VET when writing data. This dual-token system is designed to avoid fee fluctuations and network congestion.
VeChain operates using an identifier system known as VeChain IDs, which are assigned to products and tracked at each step of a supply chain, creating an environment for all parties involved. The platform seeks to provide stakeholders with detailed information about products and business processes, thereby increasing market transparency and making international trade more efficient. VeChain software allows enterprise developers to create and run decentralized applications (dApps), offering a higher level of services and goods. The project also uses proprietary solutions and developments, including ToolChain, My StoryTool, the VeChainThor blockchain, and Internet of Things (IoT) technology to facilitate processes.
VeChain aims to improve upon traditional business models, particularly in the supply chain industry, by using transparent technology with no single point of control. The platform has wide appeal to many different clients and industries, with potential use cases in carbon, supply chain, international logistics, incentivized ecosystems, automobile passports, and more. VeChain's blockchain was designed to simplify supply chain management processes by making inventory tracking more transparent. The platform itself is based on distributed ledger technology to streamline operations and process a flow of information for complex supply chains.
VeChain began in 2015 as a private consortium chain, working with a host of enterprises to explore applications of blockchain. The transition to a public blockchain began in 2017 with the ERC-20 token VEN, before launching a mainnet of their own in 2018 using the ticker VET. VeChain aims to enhance efficiency, traceability, and transparency across data trails, supply chains, and within various kinds of ecosystems. VeChain is an established smart contract platform with a history of serving enterprise clients. The VeChain network uses a Proof of Authority (PoA) consensus mechanism, which requires relatively low computing power to achieve network security.
We update our vechain to GBP currency in real-time. Get the live price of vechain on Coinbase.
The current market cap of vechain is £1.52B. A high market cap implies that the asset is highly valued by the market.
The all-time high of vechain is £0.21. This all-time high is highest price paid for vechain since it was launched.
Over the last 24 hours, the trading volume of vechain is £32.96M.
Assets that have a similar market cap to vechain include Kaspa, Render (ERC-20), Render, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of vechain is 86 billion.
vechain ranks 18 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Yes, vechain is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy vechain guide.
vechain news
Trending articles
Social stats
Popularity in posts
#50
Contributors
1,883
Posts
4,531
% About vechain
0.298%
Articles
2
Hold times
0 days
X (Twitter)
51.52% bullish
Sentiment
4.7 ★
Highlights
1,883 unique individuals are talking about vechain and it is ranked #50 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, vechain has an average sentiment score of 94 out of 5. Finally, vechain is becoming less newsworthy, with 2 news articles published about vechain.
On Twitter, people are mostly bullish about vechain. There were 53.23% of tweets with bullish sentiment compared to 3.33% of tweets with a bearish sentiment about vechain. 46.77% of tweets were neutral about vechain. These sentiments are based on 4042 tweets.
On Reddit, vechain was mentioned in 162 Reddit posts and there were 823 comments about vechain. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
Powered by LunarCrush
vechain calculator
Related assets
Discover popular crypto to currency conversions
Discover currency conversions
Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.