VE

VeChain

VET
Supply chainRank #30VeChain

$0.007164

+0.24%24h
-0.13%7d

Market Cap

$615.51M

Volume 24h

$12.92M

Vol / Market Cap

2.10%

Rank

#30

VET Price Chart

About VeChain

VeChain is a blockchain platform focused on supply chain tracking and enterprise solutions.

What Is VeChain (VET)? VeChain is a blockchain platform focused on supply chain management and enterprise solutions, enabling product tracking and data transparency.

How It Works

A blockchain designed for enterprise supply chain management. It integrates IoT devices such as sensors and RFID tags to track products in real time, improving authenticity and transparency.

Use Cases

Supply Chain Transparency: Used to track products through the supply chain life cycle, supporting food safety, luxury goods authentication, and carbon credit transparency.

Tokenomics

Supply Chain Tracking: Uses a dual-token model (VET for value, VTHO for gas). Used to track product lifecycles (e.g., wine, luxury goods, vaccines) to improve authenticity and reduce fraud with IoT data.

Risks & Considerations

Real-world supply chain adoption is slower than expected; heavily exposed to Chinese trade and regulatory dynamics.

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