VeThor Price

VeThor (VTHO) is a utility token that powers the VeChain Thor blockchain network. It functions within a dual-token ecosystem where VTHO is specifically used to pay for transaction fees and smart contract operations on the network. Currently ranked #419 with a price of $0.0005527, VTHO has seen a -1.23% change in the last 24 hours. VTHO has a circulating supply of 99.26B VTHO with a total supply of 97.9B VTHO. The token's market capitalization stands at $54.86M, representing 100% of its fully diluted valuation of $54.11M. As the gas token of the VeChain ecosystem, VTHO is automatically generated for VET holders, creating a sustainable economic model where network usage directly drives token utility and value.

VeThor was created on July 30, 2018, when it was officially launched as the energy token for the VeChainThor blockchain. VeThor functions as the gas token that powers transactions and smart contract executions on the VeChain network. It was designed as part of VeChain's dual-token economic model, where VET generates VTHO automatically, and VTHO is consumed when transactions are processed on the blockchain.

VeThor was founded by Sunny Lu and the VeChain team. Sunny Lu, a former CIO at Louis Vuitton China, launched the VeChain project in 2015, which later developed VTHO as its gas token. VTHO functions as the energy or 'gas' token within the VeChain ecosystem, used to pay for transactions and smart contract executions on the VeChain blockchain.

VeThor (VTHO) operates as a secondary token within the VeChainThor blockchain ecosystem, functioning as the energy or 'gas' token that powers all blockchain transactions and smart contract executions. When users perform actions on the VeChainThor network, they pay transaction fees in VTHO, not in VET (the primary value token). The dual-token model separates transaction costs (VTHO) from the main value token (VET), helping to maintain stable transaction fees even as VET's value fluctuates. VTHO is automatically generated when holding VET tokens - the more VET you hold, the more VTHO you generate over time. With a current market cap of $54.86M and trading at $0.0005527, VTHO serves as the fuel that powers the entire VeChainThor ecosystem, enabling enterprise-level blockchain applications while maintaining predictable operational costs for businesses.

VTHO is the gas token of the VeChainThor blockchain, used to pay for transactions on the network. Enterprise solutions for supply chain and carbon tracking consume VTHO whenever they record or verify data on-chain, while apps in the VeBetter ecosystem use it for high volumes of micro transactions tied to real-world behavior and recording sustainability proofs. Infrastructure services such as bridges, oracles and other tooling also rely on VTHO, making it the metered utility token that powers and measures activity across the VeChain ecosystem. With DPoS consensus, idle VTHO generation discontinues. Instead, dynamic VTHO is generated through block rewards, which are distributed exclusively to participants who stake & delegate VET to active network validators, hence contributing to the security of the VeChainThor network. In this scenario, VTHO issuance is represented by a function of the quantity of staked VET with a curve of diminishing return on additional VET staked.

Through the Renaissance upgrades, VTHO's role as native gas is strengthened by a dynamic fee market and base-fee burning on a stake-based infrastructure aligned with JSON-RPC and the EVM. Together, these features bring gas creation and consumption closer to real network usage while giving builders a more predictable and programmable cost model.