VeChain at a glance.
VeChain is an enterprise and supply-chain focused chain that uses a set of approved validators and splits its value and gas tokens. Here is how it works and how it is used, not the price.
n/a
Value locked in DeFi protocols on VeChain. Updated Jun 2, 2026. Source: DefiLlama.
VET
Used for fees and securing the network. See the live VET price.
How VeChain works.
A known set of authority masternodes, vetted and approved to take part, take turns producing blocks roughly every ten seconds. Because the validators are identified rather than anonymous, the network can reach agreement efficiently, and the 2.0 version adds randomization and finality improvements to that base model.
A known set of authority masternodes, vetted and approved to take part, take turns producing blocks roughly every ten seconds. Because the validators are identified rather than anonymous, the network can reach agreement efficiently, and the 2.0 version adds randomization and finality improvements to that base model.
Enterprise and supply chain
The chain is aimed at business use cases such as product traceability and supply-chain records rather than general retail speculation.
Proof of Authority
A vetted set of authority masternodes produce blocks, which keeps the network efficient at the cost of a more permissioned validator set.
Dual-token design
VET is the value-transfer token, while VTHO is the energy or gas token used to pay for transactions.
VTHO from holding VET
Holding VET generates VTHO over time, so the cost of using the network is separated from the price of its main asset.
What VeChain is used for.
VET is used to represent value and generate VTHO, which in turn pays the fees for supply-chain, traceability and payment applications.
Product traceability
Record the origin and movement of goods on-chain for supply-chain transparency.
Sustainability tracking
Log verifiable data for sustainability and carbon-related programs.
Value transfer
Move VET between parties while VTHO covers the transaction fees.
Hold, swap and spend VET.
VeChain is integrated in the Zypto App. Hold VET in self-custody, swap it to any supported asset, and use it across Zypto’s features.
Be the reason VeChain ships next.
VeChain isn’t in the Zypto App yet. Post the request to your followers, chains with the most demand get prioritised.
Request on XCommon questions.
Why does VeChain have two tokens?
What consensus does VeChain use?
What is VeChain used for?
Can I hold VET in the Zypto App?
Related networks.
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