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VeChain (VET) Ranks Among CoinMarketCap’s Top 10 Crypto Projects by Engagement Growth - India Blogger

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VeChain (VET) recently made a major breakthrough by being ranked among the top 10 projects by engagement growth on CoinMarketCap.

Between July 22, 2022 and July 28, 2022, VeChain engagements increased substantially. This helped rank VeChain as the 6th largest crypto project by engagement growth on CMC

Other projects beyond VeChain include DeFichain (DeFi), MetaEgg (MEGG), FlareToken (1FLR), Contracto (Lock) and Bifrost (BFC).

VeChain reacts feat

The achievement caused huge excitement among VeChain supporters, who took to Twitter to celebrate. Interestingly, the network’s research and development arm, the VeChain Foundation, also joined the celebration.

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

The company further assured the community that it would continue to grow from its current position.

“We are growing rapidly and we will only grow faster from here in both community and technology with our new European Headquarters and Technology Center,Vechen said.

VET’s market cap remains above $2.2 billion

Indeed, VeChain has experienced significant growth in the recent past. In addition to the number of partnerships the company recently announced, its native cryptocurrency, VET, has also posted positive growth.

Yesterday, VET’s market cap exceeded $2.2 billion. The move made the coin the 34th largest cryptocurrency by market valuation.

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

Widespread adoption of VeChain’s solutions

VeChain has earned quite a reputation in the blockchain market since its launch. The company’s blockchain solutions have been widely adopted in various industries including healthcare, supply chain, etc.

As reported by Atwood Import Export, The Cryptobasic, Cambodia’s largest alcohol and beverage distributor, said It used VeChain to deal with counterfeit products,

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

“This is the start of a long-term partnership with the UFC. Together we look forward to changing the world.” VeChain founder Sunny Lu said.

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

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