VeChain is a public blockchain used by companies mainly to trace goods through supply chains. The network is called VeChainThor and runs on two tokens: VeChain (VET) is the store of value that you trade and stake. VeThor (VTHO) pays the fees for transactions and smart contracts. Since the Hayabusa upgrade in December 2025, new VTHO is only created for VET that is staked. If you simply hold VET in a wallet, you no longer receive anything extra.
On November 3, 2026, one VET cost around €0.0049. Total market capitalisation stood at roughly €425 million, which means VeChain is no longer among the hundred largest cryptocurrencies. VET is available on many large trading venues; our comparison of the best crypto exchanges gives an overview of fees and licences. This profile explains how VeChain works technically, what the two-token model is meant to achieve and what changed with the upgrades of 2025 and 2026.
VeChain at a glance: VET, VTHO and the key figures in November 2026
- The supply of VET is fixed at 86,712,634,466 units. No new VET is ...
English (US)