• Venom Foundation has surpassed one million registered wallets in record time since the launch of its testnet.
• The platform recorded 277 million transactions and 28 million accounts with smart contracts in June.
• Venom’s mission to provide compliant blockchain solutions is the driving force for its growth.
Venom Blockchain Surpasses One Million Wallets
The Venom Foundation, a leader in adopting blockchain technology within regulated markets, has achieved a new milestone: surpassing one million registered wallets shortly after launching its testnet on April 26th. This rapid growth indicates growing trust and adoption of Venom’s advanced blockchain solutions.
Venom’s success is attributed to its innovative technology, strict regulatory compliance and user-friendly environment that caters to a wide range of users. The platform also regularly updates its testnet which further strengthens its appeal among users.
Recorded Transactions and Accounts
In June 2021, Venom recorded an impressive 277 million transactions – a 46% increase from the previous month – as well as 65% surge in the number of accounts with smart contracts (now at 28 million) and 93% rise in minted NFTs as part of on-chain/social tasks (reaching 5.8 million).
Licensed by ADGM
The success of Venom’s mission to mainstream blockchain technology while following regulatory compliance is proven by being granted a license to operate as blockchain by the Abu Dhabi Global Market (ADGM).
Public Trust & Adoption Growing
This landmark achievement of one million registered wallets shows that public trust and adoption for Venom continues to grow, emphasizing the immense potential for using blockchain as an alternative to traditional financial systems.