VeChain (VET)
CryptoScore Pro global score : 76/100 (computed on 2026-10-28)
VeChain (VET) is a dual-token blockchain platform designed specifically to integrate real-world enterprise applications with decentralized infrastructure, operating on its native VeChainThor blockchain. Unlike many Layer 1 projects focused on DeFi or smart contracts for speculative trading, VeChain positions itself as a supply chain and IoT (Internet of Things) verification layer, targeting industries like luxury goods, agriculture, and logistics where provenance, authenticity, and regulatory compliance are critical. Its utility stems from enabling businesses to track assets across supply chains using tamper-proof, immutable records, while also facilitating microtransactions and automated compliance via smart contracts. The project’s origins in China—where regulatory scrutiny of blockchain applications is intense—have shaped its pragmatic approach, prioritizing enterprise adoption over decentralized governance or speculative trading. With a fixed supply of 86.7 billion VET tokens, VeChain’s economic model diverges from inflationary designs, instead relying on a secondary token, VTHO, to power transaction fees and smart contract execution, creating a deflationary mechanism as fees…
Scores by pillar
| Technology | 85/100 |
|---|---|
| Tokenomics | 79/100 |
| Team | 77/100 |
| Adoption | 65/100 |
| Liquidity | 72/100 |
| Compliance | 93/100 |
Market data
| Price | $0.00649 |
|---|---|
| Market cap | $558.10M |
| 24h volume | $6.44M |
| Market cap rank | #126 |
| 24h change | +0.69% |
| 7d change | -13.87% |
| Blockchain | vechain |
| Sector | Platform |
Analysis
VeChain positions itself as a layer 1 infrastructure, that is, a native blockchain dedicated to the Internet of Things. It uses VeChainThor to secure industrial and logistics traceability. The token serves as the basis for a dual-token system in which VTHO, used for fees, is burned during transactions.