Tangem, the hardware wallet maker, is set to integrate the VeChain network into its platform, allowing users to store and transfer VET tokens. This move has resulted in a positive response from VeChain and VeChainThor, with a 3.6% and 13% increase, respectively, in the last 24 hours.
According to a recent report, Tangem plans to provide support for the VeChain network starting in January 2024. This integration will enable users to store and send VET tokens through the Tangem wallet. Tangem announced the integration on Twitter, stating that they are thrilled to integrate the VeChain network and that it will be available in early January 2024.
The integration of VeChain into the Tangem wallet will give millions of users access to VET tokens and also provide an opportunity for Tangem to onboard more users. Currently, VET has over 900,000 holders, with an average of 200-250 new users per hour. Just a few weeks ago, VET added 57,300 addresses, surpassing the previous record of 50,401 addresses in April 2021.
Users have been eagerly awaiting support for the VeChain network on the Tangem wallet, and Tangem confirmed in July that VET integration was in development. However, it is still unclear whether the Tangem wallet will support other VeChain-native assets or the VET network gas token, VeThor (VTHO).
In addition to the integration with Tangem, the VeChain team has recently announced an update to its Node Rewards platform, introducing a marketplace for node transactions. This marketplace, available on the VeWorld Android device, allows users to view the current value of their nodes and participate in auctions with prices ranging from $858 to $48,196.
The positive news surrounding VeChain has led to a surge in VET’s price, with a 3.6% increase in the last 24 hours and a 12% increase in the last seven days. VET is currently trading at $0.031041, its highest price in 10 months, with a market cap of $2,253,265,790. VTHO has also experienced a 13.20% surge in the last 24 hours and a 110.35% surge in the last three months, currently trading at $0.002447.
Overall, the integration of the VeChain network into the Tangem wallet and the new features introduced by the VeChain team have resulted in positive market responses, showing the growing popularity and value of the VeChain ecosystem.