VeChain (VET-USD): Asset Profile and Market Dynamics as of October 20, 2026

What VET is and current standing

VET is the native token of VeChainThor, a Layer-1, EVM-compatible smart-contract blockchain built primarily for enterprise use cases: supply-chain management, product provenance, sustainability tracking, and verifiable real-world data [5][26][27]. It operates under a dual-token model: VET serves as the network's primary asset and staking collateral, while VTHO is the gas token that pays for transactions [27]. The token has a fixed maximum supply of 86.71 billion VET, with roughly 99% already in circulation, making scarcity a structural feature of its story [15][27][29].