Venom Blockchain Launch Triggers Huge Surge In User Adoption, Surpassing 1 Million In A Single Day

A team based in Abu Dhabi, renowned for its oil wealth, has marked their presence in the expanding blockchain technology sector by introducing the Venom Blockchain.

Venom Blockchain Market Cap Soars

Venom functions as a fundamental blockchain network at Layer 0, featuring flexible sharding and proof of stake (PoS) consensus mechanism. Designed for scalability and efficiency, this advanced blockchain solution caters to various product creations. It effortlessly connects government applications and standard Web3 projects via its intricate mesh network structure.

The unique aspect of the Venom blockchain lies in its robust infrastructure, as stated on its website, enabling it to handle up to 100,000 transactions simultaneously, while charging an average fee of only $0.0002 per transaction.

The Venom Blockchain is generating considerable interest lately, as indicated by several key indicators. This blockchain platform currently has a market capitalization exceeding $5.2 billion and daily trading volumes surpassing $200 million, demonstrating Abu Dhabi’s strong commitment to the technology.

Over One Million Users In The First Year

Within just 24 hours of Venom’s debut, it drew in more than a million new users, proving to potential investors and creators the immense allure of the platform for developing next-generation web projects.

Furthermore, the platform is said to be hosting more than 20 upcoming projects and exploring multiple stablecoin trials in various nations, reflecting the strong belief among developers in its capabilities.

In essence, Venom Blockchain’s growth in Abu Dhabi highlights the emirate’s capacity to embrace new technologies even outside their usual industries, showcasing their commitment to fostering the development of blockchain technology.

Venom Blockchain Launch Triggers Huge Surge In User Adoption, Surpassing 1 Million In A Single Day

On March 27th, VENOM, the native token of the blockchain, became available for trading on KuCoin. As a result, the price jumped by more than 27% within just one day. Currently, you can buy VENOM for $0.6580, representing a modest increase of 3.8% in the past hour.

Over the last day, the trading volume for VENOM token has hit $62.5 million, representing a significant jump of 193.60% based on CoinGecko’s latest figures.

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2024-03-29 01:16