VeChain

VeChain is a public Layer-1 blockchain, launched in August 2017, built specifically for enterprise and real-world use cases such as supply-chain tracking, product authenticity verification, sustainability reporting, and digital product passports. Its native token, VET, serves as the primary asset and staking collateral on the VeChainThor network. The project targets businesses and organizations that want to record and verify physical-world data on a public blockchain, with past work alongside names such as Walmart China, DNV, and PwC.

VeChainThor runs EVM-compatible smart contracts and uses a dual-token model: VET is held or staked to generate VTHO, and VTHO is the token actually spent to pay transaction fees and execute contracts. The network also supports fee delegation, meaning a third party can cover VTHO costs on behalf of a user, and multi-clause transactions, which bundle multiple operations into a single on-chain action. The consensus algorithm is not recorded in this dataset, so that detail cannot be described here.

Transaction fees on VeChainThor are paid in VTHO, which is generated passively by holding VET, so users do not spend VET directly to transact. The data stored for this asset does not include a breakdown of fee revenue, who receives collected VTHO, or what share the protocol retains, so fee-based measures standard on this site are not available for VeChain. Total value locked stands at approximately 1,406,720 USD at the point this data was captured, giving a market-cap-to-TVL ratio of roughly 409.7, which reflects that the great majority of the network's market capitalisation is not represented by assets locked in on-chain protocols. The stablecoin supply hosted on the chain is recorded at 9,835.5 USD at the same point in time.