VeChain (VET) Exchange
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VeChain market data & key metrics
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What is VeChain?
VeChain is an enterprise-grade Layer-1 blockchain built for supply chain transparency, product traceability, and sustainability applications. Founded in 2015 by Sunny Lu (former CIO of Louis Vuitton China) and Jay Zhang (former PwC executive), VeChain launched its own public blockchain — VeChainThor — in 2018.
VeChain's defining architecture is a dual-token system. VET is the primary value token: it is staked to secure the network and generates VTHO (VeThor Token) as a reward. VTHO is the gas token used to pay for all transactions on VeChainThor. This separation keeps transaction costs stable — the Foundation can adjust the VTHO generation rate through governance without changing VET's value — and prevents users from needing to spend VET directly to use the network.
VET tokenomics
VeChain underwent a major tokenomics overhaul through its VeChain Renaissance upgrade series in 2025:
• Total supply approximately 85.98 billion VET (all tokens are in circulation as of July 2025, according to CoinMarketCap)
• Supply model no new VET is created; the token is fully circulating
• VTHO generation since the Hayabusa upgrade (December 2025), new VTHO is generated only through VET staking, replacing the previous passive-generation model where all VET holders generated VTHO automatically
• VTHO burn 100% of VTHO base fees are burned (introduced with the Galactica upgrade, July 2025), creating a deflationary mechanism for VTHO
• Staking yield VET stakers earn VTHO rewards; the annual value inflation of the combined VET/VTHO system starts from 0.6% and scales to approximately 2.9% if 60 billion VET (~70% of supply) is staked, according to VeChain Foundation documentation
• Staking platform StarGate, launched July 2025, uses NFT-based staking mechanisms; as of 2025, it had attracted 5.4 billion VET and 10,000+ staking NFTs, per VeChain News
What determines VET's value
VET's primary demand driver is VTHO consumption: as dApp activity and enterprise transaction volume on VeChainThor grow, more VTHO is burned, increasing VTHO scarcity, which raises the value of VET needed to generate it. The Galactica and Hayabusa upgrades created a tighter feedback loop between network usage and VET value than the previous passive model.
Enterprise adoption across supply chain, sustainability (via the VeBetter app ecosystem), and institutional partnerships drives real transaction volume. VeBetter hosts 42 DApps as of 2025, with applications like Mugshot.eco and GreenCart.ai each reaching approximately 1.5–1.8 million users, according to Coinbird (September 2025). VeChain's compliance with EU's MiCAR regulation, confirmed by the Central Bank of Ireland, supports institutional adoption.
VET is listed across 71 exchanges with 102 markets, according to CoinGecko. When you swap VET on Swapzone, you see live rates from 18+ exchange partners alongside each partner's KYC label before you send. Compare VET rates across partners on Swapzone — no account needed.
How to Swap VeChain (VET) on Swapzone
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VeChain (VET) price factors
At the market level, VET tends to correlate with Bitcoin during major market cycles, though major partnership announcements or ecosystem milestones can drive independent price movement.
No VET price prediction is reliable. Like all crypto assets, it is volatile and can lose value quickly. Do your own research and consult independent sources before making any financial decision.
This content is for informational purposes only and does not constitute financial or investment advice. Swapzone is a non-custodial exchange aggregator — we compare rates across providers, not markets.
Frequently asked questions
VeChain assigns unique identifiers — called VeChain IDs — to physical products, which are then tracked at every stage of the supply chain. This gives all parties involved, from manufacturers to end buyers, access to verifiable data about a product's origin, handling, and journey through the supply chain. The result is greater transparency in international trade and a reduction in the information gaps that typically exist between businesses.
The platform supports enterprise developers building decentralized applications, with a suite of proprietary tools designed for real-world deployment. These include ToolChain, a ready-to-use blockchain service for businesses, My StoryTool for product storytelling and authentication, the VeChainThor blockchain as the underlying infrastructure, and IoT integrations that connect physical goods to the network in real time.
VeChain's primary focus is supply chain management, where its core strengths — transparent data tracking, no central point of control, and smart contract automation — translate directly into lower operational costs and more reliable record-keeping.
Concrete use cases include international logistics, where shipment data can be verified at every handoff without relying on a single intermediary; automobile passports, which attach a verifiable history of maintenance, ownership, and mileage to individual vehicles; carbon credit tracking, allowing businesses to record and verify emissions data on-chain; and incentivized ecosystems, where participants are rewarded for contributing accurate data to the network.
The underlying distributed ledger handles the information flow of complex, multi-party supply chains — making inventory tracking auditable and reducing the manual overhead that traditional systems require.
Assets grouped with VeChain are typically those in a comparable market cap range. These change frequently as prices shift, so the list on this page reflects current market data rather than a fixed comparison.
Note that market cap peers are not necessarily similar to VeChain in terms of technology or use case — the comparison is purely by size within the broader crypto market.
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