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HomeCrypto NewsMarketVeChain (VET) Ranks Among CoinMarketCap's Top 10 Crypto Projects By Engagement Growth

VeChain (VET) Ranks Among CoinMarketCap’s Top 10 Crypto Projects By Engagement Growth


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VeChain (VET) achieved a major feat recently by ranking among the top 10 projects by engagement growth on CoinMarketCap. 

Between July 22, 2022 and July 28, 2022, VeChain’s engagement soared massively. This contributed to helping VeChain to rank as the sixth-biggest crypto project by engagement growth on CMC 

Other projects that ranked ahead of VeChain include DeFiChain (DFI), Metaegg (MEGG), FlareToken (1FLR), Contracto (LOCK), and Bifrost (BFC).

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VeChain Reacts to the Feat

The feat sparked huge jubilation among supporters of VeChain, who took to Twitter to celebrate. Interestingly, the VeChain Foundation, the research and development unit of the network, also joined in the celebration. 

“Great to see #VeChain in the top 10 projects by engagement growth on @CoinMarketCap,” VeChain Foundation said on Twitter. 

The company further assured the community that it will continue to grow beyond its current state. 

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“We’re growing fast & we’ll only grow faster from here, both in community & technology with our new European Headquarters & Technology Center,” VeChain said. 

VET’s Market Cap Topped $2.2 Billion 

Indeed, VeChain has been experiencing significant growth in recent times. Aside from the number of partnerships the company has announced recently, its native cryptocurrency, VET, has also recorded positive growth. 

Yesterday, VET’s market cap spiked above $2.2 billion. The move saw the coin become the 34th-largest cryptocurrency by market valuation. 

At the time of writing this line, the coin’s price is down 3.2% to $0.029 and its market capitalization had also fallen to $2.12 billion, according to data from Coingecko

Widespread Adoption of VeChain’s Solution

VeChain has earned quite a reputation in the blockchain market since it launched. The company’s blockchain solution has been widely adopted across various industries, including health, supply chain, etc. 

As reported by TheCryptoBasic, Cambodia’s largest alcoholic and beverage distributor, Attwood Import Export, said it had tapped VeChain to tackle fake products

VeChain recently became the official blockchain partner of mixed martial arts organization UFC. 

“This is just the beginning of a long-term partnership with UFC. We are looking forward to changing the world together,” Sunny Lu, the founder of VeChain, said. 

In a statement shared recently by Lu, VeChain is committed to changing the world with its technology. 


Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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