VeChain
VET
$0.00453
-10.36
%
#47
30
10
7
18
7
0
AI Summary
Last updated Nov 10, 2026Designed to enhance supply chain management and business processes, VeChain focuses on providing solutions through blockchain technology. It aims to improve transparency and efficiency in various industries by enabling the secure transfer of data.
VeChain ranks #47 among cryptocurrencies. Its circulating supply is approximately 85.99 billion VET, matching its total supply. The maximum supply is set at 86.71 billion VET. VeChain was launched on June 18, 2015.
The platform was co-founded by Sunny Lu, who previously worked as the CIO of Louis Vuitton China. Since its inception, VeChain has established partnerships with various enterprises to drive adoption and implement its blockchain solutions across different sectors.
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Frequently asked questions
What is VeChain (VET)?
VeChain (VET) is categorized as a layer 1 utility coin on the VeChain blockchain, designed to enhance supply chain and business processes by solving issues related to transparency and traceability in supply chains. VeChain uses blockchain technology to provide businesses with tools for more efficient and transparent operations.
Who created VeChain (VET)?
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Challenges of VeChain (VET)
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