What VeChain is
VeChain (VET) is a Layer-1 smart-contract platform, currently ranked 85th by market capitalization among the assets we track. VeChain is a Layer-1 smart-contract platform secured by proof-of-stake: validators lock VET as collateral, and the protocol slashes anyone who misbehaves. The token is simultaneously gas, collateral, and a claim on staking yield.
VeChain (VET) is a blockchain platform designed to enhance supply chain and business processes by providing secure data sharing and tracking through its decentralized applications. It aims to improve transparency and efficiency in various industries using smart contracts and IoT technology.
How consensus and the token economy connect
Staking ties the token's value to network security: more VET bonded means a costlier attack, and stakers are paid for taking that role. Unstaking queues and slashing parameters shape how liquid that capital really is.
Under the hood, VET secures its ledger with Proof of Authority, built on the PoA algorithm.
Background & fundamentals
VeChain first went live in 2017, giving it roughly 9 years of on-chain price history to draw on. VeChain operates under a semi-centralized structure, which concentrates protocol decisions in an identifiable issuer or foundation. A documented core team of 22 contributors is listed publicly, a depth of disclosed staffing many long-tail tokens lack.
Its codebase is open-source, meaning the implementation can be audited rather than taken on trust. CoinPaprika classifies the project's development status as "Working product". In sector terms it is most often filed under Platform, Smart Contracts, and Proof Of Authority.
Where VeChain sits in the market
Trading around $0.00432600, VeChain carries a market capitalization of $371.98M. Around $10.53M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 2.83% of the float — a healthy level of activity for an asset this size.
About 99% of the hard cap of 86.7B VET has been minted, leaving only modest issuance ahead. VET remains -100% beneath its all-time high of $9.55, the kind of gap that historically takes a full cycle or a fresh catalyst to close.
What the price history shows
The tape currently reads 24-hour -4.22%, 7-day -7.37%, 30-day -17.85%, 1-year -76.12%. Across roughly the last 365 days of daily candles, VET endured a peak-to-trough drawdown of about 79% before stabilizing.
Volatility profile
Recent action puts VeChain in the High-volatility band — it has been actively trading, with daily moves that would be unusual in traditional equities. Over the last 30 days the move totals -17.85%, a useful input for stop placement and position sizing.
How to evaluate VeChain
For an asset of this type, three lenses matter most:
- Real usage — active addresses, fees paid, and total value locked — does on-chain demand justify the valuation?
- Staking economics — the share of VET staked, the yield, and unlock/queue dynamics that govern liquid supply.
- Ecosystem depth — how many applications and how much liquidity have chosen VeChain over competing Layer-1s.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
