Venom Price

Venom is a Layer 0 asynchronous blockchain with dynamic sharding, designed for high scalability and efficiency. Launched in March 2024, it aims to build global blockchain infrastructure to serve billions of users through partnerships with enterprises and governments. Key features include: - Total supply: 7.29B VENOM - Circulating supply: 2.08B VENOM - Current price: $0.1611 - Market cap: $335.92M - 24h trading volume: $390.1K Venom supports fiat-backed stablecoins, CBDCs, and tokenization of real-world assets. It has an ecosystem of DeFi and Web3 products ready at launch. The blockchain incorporates innovative features like account abstraction, invisible gas fees, and cross-chain communication. Notable partnerships include collaboration with the UAE government to develop a national carbon credit system based on Venom. With its unique architecture and strategic partnerships, Venom aims to bridge traditional finance and decentralized cryptocurrency networks, providing a secure and efficient platform for financial services.

Venom was created on March 18, 2024. The cryptocurrency officially launched on this date, marking the beginning of its journey in the blockchain and crypto space. Since its inception, Venom has gained traction in the market, currently ranking at #187 with a price of $0.1611. The project aims to provide a scalable and efficient Layer 0 blockchain solution with dynamic sharding capabilities, focusing on bridging traditional finance with decentralized technologies.

The founders of Venom are not publicly disclosed. Venom was developed by the Venom Foundation, a non-profit organization dedicated to building blockchain infrastructure. The project launched in March 2024 and aims to provide a scalable Layer 0 blockchain solution with features like dynamic sharding and cross-chain communication. While the individual founders remain anonymous, the Venom Foundation team has partnered with governments and enterprises to implement real-world use cases, such as a national carbon credit system in the UAE. The foundation focuses on bringing blockchain technology to billions of users through initiatives like asset tokenization, stablecoins, and CBDCs.

Venom operates as a Layer 0 asynchronous blockchain with dynamic sharding, offering high scalability and efficiency. Key features include: 1. Innovative infrastructure: Designed to support billions of users through partnerships for fiat-backed stablecoins, CBDCs, and real-world asset tokenization. 2. Robust ecosystem: Launched with a suite of DeFi and Web3 products, refined through extensive testnet feedback. 3. Advanced functionality: Incorporates account abstraction, invisible gas fees, and cross-chain communication. 4. Government collaborations: Partnered with the UAE to develop a national carbon credit system. 5. Tokenomics: Total supply of 7.29B VENOM VENOM, with 2.08B VENOM in circulation. 6. Market performance: Current price of $0.1611, with a market cap of $335.92M. Venom aims to bridge traditional finance and decentralized systems, providing a secure and efficient platform for financial services. Its dynamic sharding technology allows for high transaction throughput, making it suitable for large-scale adoption.

Venom utilizes a Layer 0 asynchronous blockchain architecture with dynamic sharding for high scalability and efficiency. Key technical features include: 1. Dynamic sharding: Allows the network to automatically adjust its capacity based on transaction volume. 2. Asynchronous consensus: Enables parallel processing of transactions for improved throughput. 3. Account abstraction: Simplifies user experience by allowing smart contracts to pay gas fees. 4. Invisible gas fees: Hides complexity of gas fees from end users. 5. Cross-chain communication: Facilitates interoperability with other blockchain networks. 6. Smart contracts: Supports complex decentralized applications and DeFi protocols. 7. Tokenization capabilities: Enables creation of stablecoins, CBDCs, and tokenized real-world assets. This architecture aims to balance traditional finance with decentralization, providing a secure, transparent, and efficient infrastructure for financial services and Web3 applications. Venom's technical design allows it to scale to support billions of users while maintaining high performance.

Venom has an ambitious roadmap focused on expanding its ecosystem and technological capabilities. Key future developments include: 1. Enhancing scalability through dynamic sharding to handle increasing transaction volumes. 2. Expanding partnerships with governments and enterprises for real-world asset tokenization projects. 3. Launching more DeFi and Web3 applications on the Venom blockchain. 4. Implementing cross-chain communication features to improve interoperability. 5. Further developing account abstraction and invisible gas fee mechanisms. 6. Growing the developer community and ecosystem through grants and incentive programs. 7. Exploring new use cases in areas like carbon credits, CBDCs, and supply chain management. By 2026, Venom aims to significantly increase its market cap to $0.195. The team projects reaching $0.2902 by 2025 + 3, $0.3563 by 2030, and potentially $0.7513 by 2035 as adoption grows. However, these price predictions are speculative and subject to market conditions.