Nobody can reliably say where VET will trade, and no forecast in this article is one. Here is what the numbers show. On 25 October 2026 VeChain (VET) traded at about $0.0067, according to CoinGecko. That is roughly 97.6% below its all-time high of $0.2810, set on 18 April 2021. Its market capitalisation was about $573 million, ranked 100th. At today's circulating supply, a $1 VET would need a market value of about $86 billion, around 150 times the current figure. The useful question is less "what will VET be worth in 2030" and more "what would have to happen for any target to be reachable." The rest of this article covers that.
VET today: the figures that matter
All figures are from CoinGecko, last updated 25 October 2026, 09:08 UTC.
| Metric | Value |
|---|---|
| Price | $0.00667 |
| Market capitalisation | $573.3 million |
| Market cap rank | 100 |
| Circulating supply | 85,985,041,177 VET |
| Maximum supply | 86,712,634,466 VET |
| All-time high | $0.280991 (18 April 2021) |
| All-time low | $0.00191713 (12 March 2020) |
Circulating supply is already about 99.2% of the maximum. New issuance will barely change how many VET exist, so any price move has to come almost entirely from a change in total market value.
What each price target implies
Multiply price by supply and every target becomes a market-cap requirement. The figures below use the 85.99 billion VET in circulation on 25 October 2026.
| VET price | Implied market cap | Multiple of today's price |
|---|---|---|
| $0.01 | ~$0.86 billion | ~1.5x |
| $0.05 | ~$4.3 billion | ~7.5x |
| $0.10 | ~$8.6 billion | ~15x |
| $0.281 (2021 high) | ~$24.2 billion | ~42x |
| $1.00 | ~$86.0 billion (~$86.7 billion at maximum supply) | ~150x |
Note the $0.281 row. Getting back to the 2021 high alone would take a 42-fold rise from today's price. A $1 VET would need a market value more than three times the network's 2021 peak. This is arithmetic, not a forecast. It shows the scale of capital any target requires.
The newest development: Hayabusa changed what holding VET means
The biggest change to VET's economics since 2018 took effect on 2 December 2025. That day the Hayabusa hard fork activated at block 23,414,400 (about 11:27 UTC), per the VeChainThor v2.4.0 release notes.
According to those release notes and VeChain's own documentation:
- Consensus moved from Proof of Authority to Delegated Proof of Stake. VET holders can now stake or delegate to validators (VIP-253).
- Holding VET no longer generates VTHO. Before the fork, every VET balance produced VTHO, the network's gas token. VeChain's documentation now says VTHO generation is tied "directly to active staking participation". New VTHO is created each block as "a function of Total VET being locked" (VIP-254).
- Block rewards are split 30:70 between validators and their delegators, weighted by effective stake.
- The base fee of every transaction is burned. The priority fee goes to the validator that proposed the block.
- Staking runs through StarGate. Users stake VET for an NFT, which matures and then delegates to a validator. Reward cycles last 7, 15 or 30 days.
Before the fork, VeChain said VTHO issuance would fall at launch to "~60/70% of current levels", wording that leaves the exact cut open.
What this means for the price question: before 2025 the standard bull case said "hold VET, earn VTHO passively." That no longer applies to unstaked balances. Many older VET forecasts describe the pre-Hayabusa model, and some wrongly called Hayabusa an EVM-compatibility upgrade. Its core change was the move to staking and a new VTHO issuance model.
How VTHO usage connects to VET value
VeChain uses two tokens:
- VET stores and transfers value. Since Hayabusa it also secures the network through staking.
- VTHO pays for transactions. The base-fee part of each fee is burned.
In theory, more on-chain activity means more VTHO is burned. That raises the value of the VTHO rewards earned by staking VET, which in turn makes staking VET more attractive. That chain only works if transaction demand grows enough to matter against a market cap of over half a billion dollars.
What market cap would your VET price target need?
Enter a VET price target and a supply figure to see the total market value that price would imply.
| VET price target | VET supply | Implied market capitalisation |
|---|---|---|
| 0.1 $ | 85.99 billion VET | 8.6 billion $ |
| 0.281 $ | 85.99 billion VET | 24.16 billion $ |
| 1 $ | 86.7 billion VET | 86.7 billion $ |
- The price target is your own input, not a forecast from any source.
- Supply values come from the article's 25 October 2026 CoinGecko figures: about 85.99 billion VET circulating and about 86.7 billion at maximum supply.
- For scale, the article puts VET's market cap at about $573 million on 25 October 2026.
This is price × supply arithmetic only: it cannot say whether any target is likely, and it leaves out staking, VTHO burn, adoption and wider market conditions.
Adoption claims: what is documented
VeChain's case has always rested on enterprise use. The documented examples are mostly older:
- Walmart China. A VeChain press release dated 28 June 2021 says the Walmart China Blockchain Traceability Platform, built on VeChainThor, was announced at a 2019 food-safety seminar in China. Sam's Club China deployed a separate traceability platform. The release gives no current volumes.
- Franklin Templeton. On 24 July 2025, Cointelegraph reported that Franklin Templeton's BENJI platform would be integrated with VeChain for enterprise payments. BENJI gives tokenised access to the Franklin OnChain U.S. Government Money Fund (FOBXX), and each token represents one fund share. BitGo joined as custody partner and Keyrock for derivatives trading.
One policy development is real and current. The EU's Ecodesign for Sustainable Products Regulation (Regulation (EU) 2024/1781) creates a Digital Product Passport. The European Circular Economy Stakeholder Platform reported on 9 October 2026 that the EU DPP Registry became operational on 20 July 2026. Battery passports are due on 18 February 2027 under a separate battery regulation, and textiles rules are expected in 2027. These rules do not require a blockchain, let alone VeChain. They create demand for product-traceability data, a market VeChain competes in along with conventional databases.
Time left until 18 February 2027 · end of day UTC
What would move the price, and what would hold it back
Factors that could support a higher valuation
- Measurable growth in on-chain transactions and VTHO burned after Hayabusa.
- A rising share of VET staked, which reduces liquid supply.
- Documented, current enterprise or tokenised-asset deployments with real volumes, not just announcements.
- A broad crypto-market rally. VET's 2021 high came during one.
Factors that could keep it down
- Low on-chain value for headline partnerships.
- Competition from other public chains and from private ledgers that need no public token.
- Capital flowing to other sectors of crypto.
- Regulatory treatment of tokens in major jurisdictions.
- Market-cap rank around 100 means thinner attention and liquidity than in 2021.
Why published forecasts disagree so much
Third-party "VET price prediction" pages give ranges that differ by an order of magnitude for the same year. Algorithmic sites extend recent price trends. Narrative forecasts assume adoption milestones and market cycles. Neither shows its inputs in a way that can be checked, and many were written before Hayabusa changed VTHO issuance. A useful test for any forecast: what market cap does it imply, and what usage or capital inflow would justify that number?
FAQ
What is VeChain's price right now?
On 25 October 2026 it was about $0.00667, with a market cap of about $573 million (CoinGecko). Check a live price source, because these figures change constantly.
Can VET reach $1?
It would need a market capitalisation of roughly $86 billion, about 150 times its current value and more than three times its April 2021 peak valuation. Nothing in current usage or market data points to that.
Does holding VET still generate VTHO?
No. Since the Hayabusa hard fork on 2 December 2025, VTHO is issued as block rewards linked to staked VET. Unstaked balances no longer generate it, according to VeChain's documentation.
What was Hayabusa?
It was the VeChainThor hard fork that switched consensus from Proof of Authority to Delegated Proof of Stake and replaced fixed VTHO generation with staking-based block rewards. It activated at block 23,414,400 on 2 December 2025.
What is the difference between VET and VTHO?
VET is the value and staking token. VTHO pays transaction fees, and the base-fee part of each fee is burned.
