VeThor
VTHO
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
VeThor (VTHO) serves as the primary gas and energy token of the VeChainThor blockchain, operating within a dual-token architecture alongside VET. The project demonstrates strong active development (score 8.5) highlighted by executed protocol hardforks (Galactica in July 2025 and Hayabusa in December 2025), security patches, and external audits from Trail of Bits and Halborn. Tokenomics have transitioned towards deflationary mechanics via 100% base-fee burning and halving of issuance through staking models, though value capture remains contingent on macro transaction volume and enterprise adoption. Market metrics show modest liquidity, reduced trading volume, and notable price drawdowns from all-time highs. The security history is relatively sound with an active Immunefi bug bounty, resolved client vulnerabilities, and MiCA regulatory compliance, though past operational theft in 2019 ($6.7M foundation wallet compromise) and drawdown constraints kept the Security section score at 4.5. Because no unresolved or recent catastrophic exploit occurred, no red-flag cap applies to the overall score.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About VeThor (VTHO)
VeThor (VTHO) is the secondary gas and energy token of the VeChainThor blockchain, operating within a dual-token architecture alongside VeChain (VET). The token functions as the mandatory fee currency required to execute transactions and smart contracts on the network, supporting enterprise applications such as supply chain and Internet of Things (IoT) tracking. VTHO has no fixed maximum supply. Its tokenomics were modified through protocol updates in 2025: the Galactica hardfork in July 2025 introduced 100 percent base-fee burning, and the Hayabusa hardfork in December 2025 transitioned issuance from passive holding to a staking-based model that halved new creation.
Governance on VeChainThor is conducted via the VeVote platform by node holders and validators, with voting weight tied to node tiers, while VTHO holders do not have direct voting rights. The underlying Thor client has received security audits from firms such as Halborn and Trail of Bits, alongside protocol updates including the v2.4.0 release and the v2.4.3 patch in March 2026. Governance has also approved the Interstellar upgrade (VIP-255) to introduce Ethereum compatibility.
In terms of security and historical incidents, the VeChain Foundation experienced an operational theft in December 2019 where approximately $6.7 million worth of tokens were stolen from foundation wallets, resulting in exchange freeze requests and an investigation with Singapore law enforcement. In December 2024, a critical VTHO accrual bypass vulnerability was disclosed via the Immunefi bug bounty program and patched without loss of funds, and a software vulnerability (CVE-2025-54314) was resolved in Thor version 1.4.0. Market risks include significant price drawdowns of more than 50% from all-time highs, relatively thin trading volume, and reported discrepancies in circulating supply metrics across data providers.