VeChain is a Layer 1 blockchain platform launched in 2015 that focuses on sustainability and real-world enterprise adoption of Web3 technology. Operating on its purpose-built VeChainThor chain, the network is designed for fast, low-cost transactions with an emphasis on energy efficiency, supporting smart contracts and serving as a backbone for Internet of Things applications and supply chain use cases. The native token, VET, functions as the primary value-transfer and staking asset within the VeChain ecosystem, while VTHO is used to pay network gas fees. In 2024, the VeChain Renaissance upgrade introduced Ethereum compatibility, a delegated proof-of-stake consensus mechanism, and dynamic gas fees, alongside new eco node tiers that lower participation requirements. The upgrade also introduced StarGate NFT staking, enabling holders to lock VET in exchange for transferable NFTs that accrue VTHO rewards, can be delegated to validators, and carry governance utility. VeChain is categorized as a smart contract platform, Layer 1 network, and IoT-focused chain, with origins in China and a growing portfolio of enterprise and consumer-facing partnerships.
Across CoinMarketCap's top-100 at the 15:00 UTC snapshot on 05 Jul 2026, the only top-10 and top-100 boundary events…
VeChain, founded in 2015, is a sustainability-focused blockchain driving mass adoption of Web3.
VeChain (VET) launched on 2017-08-15.
VeChain (VET) is categorised as: Internet of Things (IOT), Smart Contract Platform, Layer 1 (L1).
The official VeChain site is https://www.vechain.org.
Most recent VeChain coverage: "WLFI Leads CMC Mid-Cap Tokenized-Finance Bid at 15:00 UTC" — read at /en-US/a/wlfi-leads-cmc-mid-cap-tokenized-finance-bid-at-1500-utc.
