VeChain (VET): D-Score 43/100 — Moderately Decentralized BlockIndex D-Score: 43/100 (Moderately Decentralized). VeChain (VET) is a Layer 1 cryptocurrency using Other consensus. VeChain: Enterprise-focused Layer-1 blockchain with dual-token economics, PoA validators transitioning to Weighted DPoS and consumer dApps. Source: https://blockindex.ai/coin/vet · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 43: Node distribution: 8: Initial distribution: 0: Governance: 15: Age and history: 15: Autonomy: 5: Key facts - Layer: Layer 1 - Consensus: Other (N/A) - Launch: ICO (2015) - Founder: Sunny Lu - VC funded: Yes - Max supply: 86,712,634,466 - Circulating: 85,985,041,177 (99.2%) Market data (as of 2026-06-19) - Price: $0 - Market cap: $412.42M - 24h volume: $15.2M - 24h change: -3.37% · 7d change: -2.90% About VeChain is a Layer-1 public blockchain designed from its inception to bridge enterprise-grade supply chain applications with consumer-facing Web3 experiences. Founded in 2015 by Sunny Lu and incubated within the BitSE ecosystem, VeChain began life as a private consortium chain in June 2016 before evolving into the public VeChainThor mainnet in 2018. The project emphasizes verifiable off-chain data capture, low-cost deterministic finality, and a developer-friendly EVM-compatible environment. Over the years VeChain has pursued pragmatic enterprise partnerships—most notably with DNV and strategic consulting with Boston Consulting Group—while simultaneously building consumer-facing applications through the VeBetter ecosystem and the VeWorld wallet. Technically, VeChain differentiates itself with a dual-token economic model (VET for value and governance; VTHO for gas) and a tailored set of features for enterprise workflows: multi-party gas payment, adjustable gas fees, batched transactions, and deterministic finality designed to reduce latency and operational complexity. Historically the network has operated under a Proof-of-Authority consensus model with a set of KYC-verified authority masternodes (101 authorities reported), but a multi-stage roadmap called the VeChain Renaissance aims to transition the chain toward a Weighted Delegated Proof-of-Stake (WDPoS) model during the Hayabusa Stage. Recent protocol work (Galactica Upgrade) introduced a market for gas fees and a burn mechanism that destroys 100% of VTHO consumed in transactions starting July 1, 2025. From an ecosystem and adoption standpoint, VeChain pursues a hybrid enterprise-to-consumer strategy. Enterprise integrations and assurance services (e.g., DNV) underpin real-world provenance and anti-counterfeiting use cases, while VeBetter and its constituent dApps—such as Mugshot and GreenCart—target mainstream engagement with X-to-Earn style incentives that tokenize sustainable behaviors. VeWorld acts as the project’s flagship wallet and Super-App, offering user onboarding, Ledger hardware compatibility, and access to dApps that have collectively driven millions of transactions. The project has also taken deliberate steps toward regulatory alignment (MiCAR compliance reported in early 2025) to facilitate broader EU use cases. Tokenomics are explicitly engineered around the dual-token model: VET acts as the network’s value and governance token while VTHO powers transactions and is now subject to a burn policy intended to create demand-side deflationary pressure. The token supply is effectively capped (max supply ~86.71B VET) with circulating supply reported at ~85.98B VET (~99.16% circulated in snapshots). VeChain’s roadmap and recent launches (StarGate staking platform and Galactica changes on 2025-07-01) restructure issuance and staking dynamics to align VTHO generation with staked VET and to introduce NFT-based delegation models, moving the network toward greater decentralization. Governance today is a hybrid model—foundation-guided with active DAO elements (VeBetter DAO) that allocate weekly token distributions—while Hayabusa aims to broaden on-chain governance and staking participation. Links - Website: https://vechain.org/ - Whitepaper: N/A - GitHub: https://github.com/vechain --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore