What is VeChain (VET)? The supply-chain blockchain where only staking earns VTHO

VeChain is a public blockchain used by companies mainly to trace goods through supply chains. The network is called VeChainThor and runs on two tokens: VeChain (VET) is the store of value that you trade and stake. VeThor (VTHO) pays the fees for transactions and smart contracts. Since the Hayabusa upgrade in December 2025, new VTHO is only created for VET that is staked. If you simply hold VET in a wallet, you no longer receive anything extra. On November 3, 2026, one VET cost around €0.0049.