• Venom Blockchain has achieved one million wallets in its testnet within two months of its launch.
• According to its testnet data, it has processed 355 million transactions and 38.7 million smart contracts since April 26.
• Venom Foundation CEO Christopher Louis Tsu expressed surprise at the rapid growth of the blockchain network.
Venom Blockchain Hits 1 Million Testnet Wallets
The Venom Foundation has hit a major milestone with one million wallets registered on their testnet within two months of launch. This is attributed to their innovative technology, strict regulatory compliance, and secure user-friendly environment that appeals to a wide range of users. Christopher Louis Tsu, CEO of the Venom Foundation, was surprised by the rapid adoption rate which saw 250,000 users registering in just six days.
According to their testnet data, the blockchain network has processed 355 million transactions since it’s launch on April 26th and created 38.7 million smart contracts during this time period as well. The trend began to skyrocket in June when investors began pouring money into DeFi projects associated with the blockchain network which drove up transaction volume significantly.
Venom is also the first blockchain network licensed by Abu Dhabi Global Market (ADGM) due to their rigorous compliance measures which meet all international standards for safe and secure digital asset trading services across multiple jurisdictions globally. The license also allows them access to ADGM’s Digital Economy Strategy 2030 allowing them to benefit from world-class financial infrastructure and resources available in the region as well as providing access for institutional investors looking for a secure platform for digital assets trading services.
User Friendly Environment
The platform also provides an intuitive user interface making it easy for both experienced and new traders alike while offering advanced features such as a multi-signature wallet system and dynamic fee scheduling ensuring quick settlement times without compromising security or reliability of trades made via Venom’s platform. Additionally they offer 24/7 customer service support for any queries or concerns customers may have while using their services or trading digital assets on their platform giving them peace of mind when making investments or trades via Venom’s networks or platforms..
The success of Venom’s testnet speaks volumes about how successful its main net will be once launched later this year as well as serves as evidence that there is high demand among traders looking for reliable platforms offering competitive fees and intuitive user interfaces allowing them hassle free investment opportunities without compromising security nor reliability when trading digital assets on these networks & platforms