Convert and Swap vechain VET to United States Dollar USD
VET/USD: 1 vechain equals $0.0445 USD
Last update: 2:27 AM, December 23, 2024
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vechain is falling this week.
The current price of vechain is $0.0445 per VET. With a circulating supply of 80,985,041,177 VET, it means that vechain has a total market cap of $3,595,644,582.02. The amount of vechain traded has fallen by $35,525,686.84 in the last 24 hours, which is a 26.33% decrease. Additionally, in the last day, $134,937,702.85 worth of VET has been traded.
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About vechain
VET is one of two native tokens on the VechainThor blockchain. VechainThor is an energy-efficient, sustainable network that global enterprises and governments can use to leverage smart contracts and decentralized applications. VET tokens are the “value-transfer medium” across the VechainThor blockchain. VET tokens govern the network and generate VTHO tokens. VTHO is the other native token of the VechainThor blockchain which is used to pay network gas fees.
VeChain (VET) is a versatile enterprise-grade L1 smart contract platform that originated in 2015. It is recognized for its pioneering role in real-world enterprise applications, utilizing a distributed platform powered by Internet of Things (IoT) technologies, NFC chips, and blockchain to address data-related challenges across various industries. VeChain employs an intelligent two-token model, VET and VTHO, to separate the protocol's store of value and gas fee payment mechanisms, ensuring stable and low costs. The platform is dedicated to driving real-world adoption of blockchain technology, with a focus on sectors ranging from supply chains to sustainability.
VeChain operates through unique identifiers known as VeChain IDs, which are assigned to products. These IDs, tracked by sensors at each step of a supply chain, create a secure environment for all parties involved, documenting and verifying movement data. The platform aims to provide comprehensive information about products and business processes, enhancing market transparency and making international trade more efficient. VeChain software allows enterprise developers to create and run decentralized applications (dApps), offering a higher level of services and goods. The platform also uses proprietary solutions and developments, including ToolChain, My StoryTool, the VeChainThor blockchain, and IoT technology to facilitate processes.
VeChain seeks to disrupt traditional business models, particularly in the supply chain industry. Its transparent technology with no single point of control allows for enhanced security, efficiency, and ease of tracking for all kinds of data, while reducing costs through trustless automation via smart contracts. The platform has wide appeal to many different clients and industries, from carbon and supply chain to international logistics and incentivized ecosystems. VeChain's platform also includes VeBetterDAO, a wave of incentive-based sustainability dApps, aiming to onboard the next billion users to Web3 over the coming decade.
VeChain was created by Sunny Lu, a former IT executive and CIO of Louis Vuitton China, and co-founder Jay Zhang, who previously worked for Deloitte and PriceWaterhouseCoopers in finance and risk management. Established in 2015, VeChain is one of the oldest dedicated smart contract platforms on the market. The platform has continuously demonstrated its leading role as a driver of blockchain in business, working closely with key auditing and certification consultants such as PriceWaterhouseCoopers and DNV to verify data quality and certify industrial processes. VeChain has a maximum fixed supply of 86,712,634,466 tokens and uses a Proof of Authority (PoA) consensus mechanism for network security.
How vechain and United States Dollar differ
VeChain (VET) and the US Dollar (USD) are two distinct forms of value representation, each with its unique characteristics. VeChain, an enterprise-grade L1 smart contract platform, aims to drive real-world adoption of blockchain technology across various sectors, from supply chains to sustainability. It operates through unique identifiers known as VeChain IDs, which are assigned to products and tracked by sensors, creating a secure environment for all parties involved. VeChain's platform includes VeBetterDAO, a wave of incentive-based sustainability dApps, aiming to onboard the next billion users to Web3 over the coming decade. On the other hand, the US Dollar is a traditional fiat currency, issued and regulated by the Federal Reserve. It's a physical and digital currency used for everyday transactions and serves as the world's primary reserve currency. Unlike VeChain, the USD doesn't utilize blockchain technology, and its value is not determined by a decentralized network of participants but by the economic policies of the US government. The USD is also not subject to a maximum supply limit, unlike VeChain, which has a fixed maximum supply of 86,712,634,466 tokens.
Frequently asked questions
How much is 1 vechain in USD?
Right now, 1 vechain is worth about $0.0445.
How much VET could I buy for 1 USD?
Based on the current rate, you could get 22.46 VET for 1 USD.
How much has the price of vechain changed?
vechain price has been declining. Since yesterday, the exchange rate of vechain has decreased. Since last month, the exchange rate of vechain has increased. Since this time last year, the price of vechain has increased.
How do I calculate or convert VET to USD?
You can use our VET to USD calculator at the top of this page to convert any amount of VET to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 112.3 VET. Inversely, 5 VET will cost about $0.22
How can I buy 1 vechain on Coinbase?
vechain is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy vechain.
What are assets similar to vechain that I can buy?
There are a number of crypto assets that have the a similar or comparable market cap to vechain, including Optimism, Wrapped HBAR, and Hedera. For a more robust list of assets to explore, jump to the asset page dedicated to vechain.
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VET to United States Dollar conversion tables
The exchange rate of vechain is decreasing.
The current value of 1 VET is $0.04 USD. In other words, to buy 5 vechain, it would cost you $0.22 USD. Inversely, $1.00 USD would allow you to trade for 22.46 VET while $50.00 USD would convert to 1,122.96 VET, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 22.09%. Meanwhile, in the last 24 hours, the rate has changed by 1.87%, and that the the highest exchange rate of 1 VET to United States Dollar was $0.0475 USD and the lowest 24 hour value was 1 VET for $0.0441 USD. This time last month, the value of 1 VET was $0.04 USD, which is a 11.7% decrease from where it is now. Looking back a year, vechain has changed by $0.04 USD.
VET to USD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
$0.0453 USD | -1.87% | $0.0576 USD | -22.09% | $0.0402 USD | 11.70% | $0.0355 USD | 29.12% |
VET to USD
Amount | Today at 2:27 am |
|---|---|
0.5 VET | $0.0223 |
1 VET | $0.0445 |
5 VET | $0.2226 |
10 VET | $0.4453 |
50 VET | $2.2263 |
100 VET | $4.4525 |
500 VET | $22.2625 |
1,000 VET | $44.5250 |
USD to VET
Amount | Today at 2:27 am |
|---|---|
0.5 USD | 11.23 VET |
1 USD | 22.46 VET |
5 USD | 112.30 VET |
10 USD | 224.59 VET |
50 USD | 1,122.96 VET |
100 USD | 2,245.93 VET |
500 USD | 11,229.65 VET |
1,000 USD | 22,459.29 VET |
Today vs. 24 hours ago
Amount | Today at 2:27 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 VET | $0.0223 | $0.0226 | -1.28% |
1 VET | $0.0445 | $0.0451 | -1.28% |
5 VET | $0.22 | $0.23 | -1.28% |
10 VET | $0.45 | $0.45 | -1.28% |
50 VET | $2.23 | $2.26 | -1.28% |
100 VET | $4.45 | $4.51 | -1.28% |
500 VET | $22.26 | $22.55 | -1.28% |
1,000 VET | $44.53 | $45.10 | -1.28% |
Today vs. 1 month ago
Amount | Today at 2:27 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 VET | $0.0223 | $0.0201 | +10.66% |
1 VET | $0.0445 | $0.0402 | +10.66% |
5 VET | $0.22 | $0.20 | +10.66% |
10 VET | $0.45 | $0.40 | +10.66% |
50 VET | $2.23 | $2.01 | +10.66% |
100 VET | $4.45 | $4.02 | +10.66% |
500 VET | $22.26 | $20.12 | +10.66% |
1,000 VET | $44.53 | $40.24 | +10.66% |
Today vs. 1 year ago
Amount | Today at 2:27 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 VET | $0.0223 | $0.0178 | +25.24% |
1 VET | $0.0445 | $0.0356 | +25.24% |
5 VET | $0.22 | $0.18 | +25.24% |
10 VET | $0.45 | $0.36 | +25.24% |
50 VET | $2.23 | $1.78 | +25.24% |
100 VET | $4.45 | $3.56 | +25.24% |
500 VET | $22.26 | $17.78 | +25.24% |
1,000 VET | $44.53 | $35.55 | +25.24% |
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