The Rise of Venom Blockchain: A Game Changer in the Crypto Space ๐
With the growing adoption of blockchain technology in various digital asset infrastructures, a team from Abu Dhabi, known for its wealth from the oil industry, has made a significant entry into the space with the launch of the Venom Blockchain.
Venom Blockchain Market Cap Soars ๐
Venom operates as a foundational Layer 0 blockchain network, equipped with dynamic sharding and a proof of stake (PoS) consensus method. It is designed to offer a scalable and efficient infrastructure for the development of diverse products, bridging governmental applications and traditional Web3 projects through its sophisticated mesh network architecture.
โ The Venom blockchain processes 100,000 transactions per second with an average fee of $0.0002.
โ The platform boasts a market capitalization of over $5.2 billion and a trading volume exceeding $200 million, showcasing Abu Dhabiโs interest in the technology.
Over One Million Users In The First Year ๐
The launch of Venom witnessed an overwhelming response, attracting over one million users within 24 hours. This surge underscores the platformโs appeal to investors and developers keen on building Web3 products.
โ Over 20 projects are ready to debut on the platform, along with several pilot stablecoin initiatives in various countries.
โ The rise of Venom Blockchain showcases Abu Dhabiโs commitment to embracing innovation outside its traditional sectors and advancing blockchain technology.
VENOM Token Listing and Price Surge ๐
On March 27, the native token of the blockchain, VENOM, was listed on KuCoin, leading to a significant price surge of over 27% within 24 hours. Currently trading at $0.6580, the token has seen a recent increase of 3.8% in the past trading hour.
โ The VENOM tokenโs trading volume in the past 24 hours has reached $62,515,705, marking a notable increase of 193.60%, as per CoinGecko data.
โ The listing on KuCoin and subsequent price surge highlight the growing interest and demand for the VENOM token in the crypto market.
Hot Take: The Future of Venom Blockchain ๐
As Venom Blockchain continues to gain traction in the crypto space, it is poised to revolutionize the industry with its scalable infrastructure, high transaction speeds, and low fees. The platformโs ability to attract a diverse range of projects and users underscores its potential for long-term success and impact on the blockchain ecosystem.
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