Venom Foundation’s Crypto Soars Following Remarkable Transaction Test
The Venom Foundation saw its crypto rise after a accomplished closed-network test. Venom demonstrated meaningful transaction capabilities, surpassing rivals.
On May 23, Venom announced it achieved 150K transactions per second in a beta test. This beat Solana’s theoretical limit of 65K TPS. Venom aims for a mainnet launch in Q3 2025, positioning itself as a high-throughput blockchain leader.
Venom’s performance outshines Solana and even Visa’s 24,000 TPS. Post-test, its token value climbed 2%, peaking at $0.1031. This success positions Venom favorably for enterprise-use,especially in DeFi.
Venom’s test targeted reliability for enterprise scenarios like exchanges and games. As CEO Christopher Louis noted, “Our tech can handle enterprise workloads without fee spikes or decentralization compromises.”
Venom uses directed acyclic graph technology.Unlike conventional blockchains, transactions can process in parallel if they don’t conflict. This enhances speed and scalability.
The Venom Foundation,based in Abu Dhabi and registered in the Cayman Islands,focuses on developing a scalable,DeFi-pleasant layer-1 blockchain. Its mission is to build robust infrastructure for the future of decentralized finance.
