Cryptocurrencies are continuously evolving, and users often wonder, “Can you add VeChain to MetaMask?” This question has been asked by many as they seek to understand how to interact with different blockchain networks.
This article will provide a comprehensive guide on this topic, answering primary questions like “Does VeChain work on MetaMask?” and “Which wallet can hold VeChain?”
Also read: AI Metaverse Company Raises $54 Million: Investors Include Ripple Labs
Understanding VeChain
VeChain is a revolutionary blockchain solution aimed at enhancing supply chain management and business operations.
It employs a dual-token system: the VeChain Token (VET) for value transactions and VeChainThor Energy (VTHO) for powering activities on the platform.
VeChain’s Unique Features
VeChain’s primary focus is to increase the efficiency of supply chains and business operations.
It introduces a level of transparency unheard of in traditional business models. VeChain’s ability to track assets throughout its lifecycle is a game-changer for businesses that require effective inventory management and quality assurance.
VeChain’s VORJ Platform
In a significant move, VeChain introduced VORJ, a platform that offers Web3 services.
This development aims to lower the entry barrier for businesses interested in leveraging blockchain technology.
With its headquarters in San Marino, Europe, VeChain is now channeling its efforts toward achieving sustainability goals and fostering digital transformation on a global scale.
The question “Can you add VeChain to MetaMask?” comes from curiosity and the need for convenience.
MetaMask is a popular wallet used by many in the crypto space. It supports Ethereum and all Ethereum-compatible blockchain networks. But does it support VeChain?
Also read: AI Metaverse Company Raises $54 Million: Investors Include Ripple Labs
Can you Add Vechain to Metamask?
The simple answer is that it depends. VeChain has multiple networks, and not all are compatible with MetaMask.
Furthermore, MetaMask primarily supports networks that use the Ethereum Virtual Machine (EVM) and the Solidity programming language. VeChain’s VORJ network fits this description and can be added to MetaMask.
However, the VeChainThor network is not EVM-compatible and cannot be added to MetaMask.
So, in essence, while you can add the VeChain VORJ network to your MetaMask wallet, you cannot add the VeChain Thor network.
Since the VeChain VORJ network is EVM-compatible, you can add it to your MetaMask Wallet.
Additionally, you need to input the correct Network ID and Chain ID information, which you can obtain from a reliable blockchain network resource like ChainList.
Here’s how to do it:
- Visit the ChainList website.
- Locate the ‘Search Networks’ tab and type “VeChain” into the search bar.
- From the resulting list of networks, find the VeChain VORJ network.
- Click on the ‘Add to MetaMask’ button. The VeChain VORJ network will automatically be added to your wallet.
VeChain and DeFi Applications
VeChain’s VORJ network, despite being relatively new, has made a name for itself in the DeFi space.
DefiLlama DeFi data analytics platform data reveals that the Vechain VORJ network currently locks over $1 million in total value (TVL).
While still one of the smaller chains compared to giants like Ethereum, Avalanche, or BNB Chain, VeChain is gradually gaining traction.
The main applications on VeChain are Vexchange and VeRocket, which are both Uniswap V2 forks.
As mentioned earlier, the VeChainThor network is not compatible with MetaMask.
It is an independent blockchain network that supports smart contracts but is not EVM-compatible. If you want to interact with DeFi applications on the VeChainThor network, you must use a different wallet.
Which Wallet can hold VeChain?
The recommended wallet for the VeChainThor network is the VeChainThor Wallet.
The company behind VeChain also develops this mobile wallet, ensuring its safety and compatibility with the network.
To set up the VeChainThor Wallet, follow these steps:
- Download the “VeChainThor Wallet” app on your iOS or Android device.
- Create a wallet by setting a name, password, and strong passphrase.
- Backup and verify the 12-word mnemonic phrase provided.
- Access the wallet dashboard to view balances and manage tokens.
- To add tokens, tap “Add Token,” search for the token, and enable it in your wallet.
VeChain Wallet.
The VeChain Ecosystem
The VeChain ecosystem is teeming with NFT, DeFi, GameFi, and Metaverse applications.
Furthermore, according to Defillama, the VeChainThor blockchain has over $6 million in Total Value locked up, ranking it as the 70th largest chain by value circulating on the network.
For more information about VeChain dApps, you can visit their App Hub.
VeChain network applications via App Hub
In conclusion, to answer the question, “Can you add VeChain to MetaMask?” Yes, you can add the VeChain VORJ network to your MetaMask wallet.
However, the VeChainThor network is incompatible with MetaMask.
To interact with the VeChain ecosystem, you must use the correct wallet for the specific VeChain network you’re interested in.
Whether your interest lies with the VORJ network or the VeChainThor network, both offer a rich ecosystem of applications to explore.
