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VET to USDT Converter
1 VET = 0.00645188 USDT · updated 06:23 UTC
Volume Bubbles Chart (1h)
Each 1-hour candle's volume is signed by its direction (up candles count as net buying, down candles as net selling) and drawn as a bubble at the closing price, green for buying and red for selling. Bubble size and colour intensity show how strong that flow is compared with the last 300 candles: the strongest 30% get full bubbles with their USD value, the rest stay as small dots. Unusually large bubbles flag aggressive buying or selling worth a closer look, often near breakouts, reversals or key levels.Seasonal Chart
Plots one line per calendar year showing the % change since the start of that year, with the current year highlighted against up to four previous years. Lining the years up on the same calendar shows whether the price tends to rise or fall in the same months, helping you spot recurring seasonal patterns. Treat it as context rather than a forecast: past seasonality does not guarantee future moves.VeChain Markets
VeChain Historical Data
About VeChain (VET)
VeChain (VET) is the native coin of VeChainThor, a public layer-1 blockchain built for businesses and everyday apps. The network's genesis block was mined in June 2018, and new blocks arrive about every 10 seconds. VeChainThor reuses parts of Ethereum's design and adds its own economic model with two tokens. On FMchart, VET is priced through a composite that weighs several major exchanges and reports the result in US dollars. VeChain's documentation says the chain has run without downtime since it went live.
Two tokens with separate jobs
Most blockchains use one coin as both an asset and a fee token. VeChain splits those roles. VET is the main coin, with a fixed total supply of 86,712,634,466 that will never grow. VeThor, or VTHO, pays for transfers and smart contract calls. Since the Galactica upgrade, every fee has a base part that is burned and a priority tip for the validator that made the block.
Hayabusa: from authority nodes to staking
For years, 101 Authority Masternodes produced VeChain's blocks, and each operator had to pass identity checks to be selected. The Hayabusa upgrade, which reached mainnet in December 2025, moved the network to delegated proof of stake. Validators must stake at least 25 million VET to run block-producing nodes. Smaller holders can take part as delegators by acquiring a StarGate staking NFT and delegating it to a validator. Validators also collect the priority tips paid in the blocks they propose.
How new VTHO is created
Before Hayabusa, simply holding VET in a wallet generated VTHO. The upgrade ended that. New VTHO is now produced with each block based on the total amount of VET staked, and only staked VET earns it. Generation follows the square root of staked VET, so each additional staked coin adds a little less. VeChain's documentation gives an example: 2.525 billion staked VET would produce roughly 3.86 billion VTHO a year.
Why the split matters for users
Separating the fee token from the main coin is meant to keep transaction costs predictable for businesses and app users, even when VET's market price moves sharply. Validators receive all of the priority fees paid in the blocks they produce, which rewards them for real network activity. VET also works as a governance token, letting holders take part in network decisions. Upgrades such as Galactica and Hayabusa were delivered as hard forks that node operators had to adopt.
Risks for VET holders
VeChain's focus on enterprise use means adoption depends on companies choosing its chain over many alternatives. The move to staking changed who earns VTHO, so holders who do not stake now earn none. Validators need large stakes, which may concentrate influence among a smaller group. Staking also involves NFTs and smart contracts that carry their own risks. VET's price has risen and fallen sharply since 2018.
Last reviewed: Oct 8, 2026
VeChain (VET) FAQ
What is VeChain (VET)?
VeChain is a public layer-1 blockchain, VeChainThor, aimed at enterprise and consumer apps. Its native coin, VET, holds value, can be staked and is used in governance. A second token, VTHO, pays transaction fees. The network has produced blocks about every 10 seconds since its genesis block in June 2018.
What is the difference between VET and VTHO?
VET is VeChain's main coin, with a fixed supply of about 86.7 billion. VTHO is the gas token used to pay for transfers and smart contracts, and it has no fixed maximum supply. New VTHO is generated for staked VET, while part of every fee paid in VTHO is burned. The split is meant to keep fees predictable.
Does holding VET still generate VTHO?
No. Since the Hayabusa hard fork, only staked VET produces VTHO. Unstaked coins sitting in a wallet earn nothing. To receive VTHO, a holder can delegate through a StarGate staking NFT or run a validator with at least 25 million VET. The total amount generated depends on how much VET is staked across the network.
What is the current VeChain price?
VeChain's coin, VET, is currently valued near $0.0064 on FMchart's composite, which weighs several major exchanges and reports in US dollars. Trading in VET during the past 24 hours totaled about $1.81M across the exchanges in FMchart's composite. Individual exchanges may show a slightly different price at the same time.
How many VET coins are in circulation?
About 85,985,041,177 VET are circulating, from a fixed total of 86,712,634,466 that will never increase. At the latest price, VeChain's circulating coins are worth close to $553.8M, and the coin ranks 104. VTHO, the separate fee token, has its own supply and is not included.
When did VeChain reach its highest price?
VeChain set its record of $0.281 on Apr 18, 2021. VET has gone through sharp rallies and long slumps since its 2018 mainnet launch, so the gap to that record has swung a lot. The record is a fact about the past, not a forecast. Price Statistics shows the lowest price too, and today's distance from each extreme.
How has VET performed by month and year?
In FMchart's composite price history (since September 2023), VeChain's standout month was November 2024 (+117.3%) and its poorest was February 2025 (-39.9%). For the rest, read across the Monthly Returns (USD) rows or the Annual Price (USD) Change table for full years. VET's gains and losses have bunched into short bursts, which say nothing about future returns.
How does VeChain staking work after Hayabusa?
VeChain now uses delegated proof of stake. Validators stake at least 25 million VET and run the nodes that propose blocks. Other holders become delegators by acquiring a StarGate staking NFT and delegating it to a validator. Staked VET earns newly generated VTHO, and validators also receive priority fees from the blocks they produce.
Is VeChain a good investment?
FMchart does not give investment advice. VeChain has a fixed VET supply, a dual-token model and the December 2025 shift to staking (Hayabusa). It also faces competition from many enterprise and general-purpose blockchains, depends on real business adoption, and asks holders to stake to earn VTHO. VET has been highly volatile.
What moves the VET price?
VET usually follows the broader crypto market. VeChain-specific drivers include enterprise partnerships and real usage, the share of VET being staked, demand for VTHO to pay fees, network upgrades such as Hayabusa, and exchange listings. Changes in staking rewards can also affect how much VET holders keep locked.