As of July 25, the Venom Foundation, a trailblazer in blockchain technology for regulated markets, achieved a remarkable milestone by registering over one million wallets. This significant achievement comes swiftly after the launch of Venom’s testnet on April 26. The foundation’s success is attributed to its unique technology, strict regulatory compliance, and secure, user-friendly environment, making it an attractive choice for various users.
Blockchain Pioneer Sets New Standard in Regulated Markets
Notably, in June alone, Venom witnessed impressive growth:
- Recorded a staggering 277 million transactions, marking a notable 46% increase from the previous month.
- Experienced a 65% surge in the number of accounts with smart contracts, reaching a total of 28 million.
- Achieved a remarkable 93% rise in minted NFTs as part of on-chain/social tasks, totaling 5.8 million.
Venom’s exponential growth is a result of its commitment to mainstream blockchain technology while adhering to regulations. The company’s leadership in research and development, transparency, and strategic collaborations has contributed to its rapid expansion.
The Abu Dhabi Global Market (ADGM) granted Venom Foundation the first blockchain license, further validating its compliance with international laws and governance norms. Christopher Louis Tsu, acting CTO and CEO of Venom Foundation, expressed his surprise at the overwhelming response, having amassed 250,000 users in the initial six days of operation.
This milestone of one million registered wallets and the rapid growth signifies the public’s trust in Venom and the immense potential of blockchain technology in creating a transparent, secure, and efficient alternative to traditional financial systems.
