Venom blockchain surpasses one million registered wallets in three months

Key takeaways

  • The Venom blockchain has reached one million registered wallets within three months.

  • The Venom Foundation is focused on making the adoption of blockchain technology mainstream.

The Venom Foundation announced on Tuesday, July 25th, that its blockchain has surpassed one million registered wallets.

This latest milestone was achieved within three months. The Venom testnet took place on April 26th, and the team achieved the milestone on July 25th. 

In a press release shared with Coinjournal, the Venom Foundation added that the substantial growth signifies the accelerating popularity and adoption of Venom’s various blockchain solutions. 

The foundation further added that Venom’s rapid growth can be attributed to its innovative technology, rigorous regulatory compliance, and secure, user-friendly environment.

Smooth operations and regular updates on the Venom testnet also help to strengthen the blockchain’s appeal, helping to attract and retain users. 

Last month, Venom achieved some exciting milestones. Some of the blockchain’s achievements last month include;

  • 277 million transactions, a significant increase of 46% from the previous month.

  • A 65% increase in the number of accounts with smart contracts, which now stand at 28 million.

  • A 93% surge in minted NFTs, with more than 5.8 million NFTs minted on the blockchain. 

Venom wants to take blockchain adoption mainstream

The Venom Foundation said it is focused on making the adoption of blockchain technology mainstream while adhering to regulatory compliance. 

While commenting on this latest cryptocurrency news, Christopher Louis Tsu, acting CTO and CEO of Venom Foundation, stated that;

“Frankly speaking, it took me completely by surprise. We had 250,000 users in the first six days. Can you imagine opening a new shop in town, drawing the curtains back and seeing a quarter of a million people lined up outside your door”

In May, the Venom Foundation entered into a strategic partnership with the Kenyan government. The partnership will see the two entities work together to establish a “blockchain hub” in Africa, focusing on the development of Web3 and blockchain technology applications.

The Venom Foundation provides scalable blockchain solutions for real-world applications, delivering performance and security. 

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