Venom's Crypto Surges After Smashing Closed-Network Test!

Venom Foundation's crypto just skyrocketed following a jaw-dropping closed-network test that showcased mind-blowing throughput!

This scalable beast of a blockchain, Venom, claims it can handle more transactions per second than the mighty Solana. On that epic Friday, May 23, the Venom Foundation dropped the bombshell of a successful closed-network beta test. Get this: the network crushed it with a whopping 150K transactions per second, blowing past Solana's theoretical limit of just 65K TPS!

This is a monumental leap for the Venom Foundation as they gear up for their mainnet launch, slated for the third quarter of 2025. They're not just playing around; they're set to become one of the highest-throughput blockchains out there!

To put things in perspective, Solana brags about a theoretical limit of 64,000 TPS, while payment giant Visa can only handle 24,000 TPS. After this insane test, Venom's token shot up 2%, hitting a daily high of $0.1031. Ka-ching!

Venom Foundation Gears Up for Enterprise Domination

The Venom Foundation wasn't messing around with this stress test; they wanted to make damn sure their blockchain is ready to take on the big leagues in DeFi. We're talking payment providers, crypto exchanges, and even games – all the DeFi players that need a blockchain that won't buckle under pressure!

Christopher Louis, the fearless CEO at Venom, dropped some truth bombs: "Throughput only matters if it can remain reliable under pressure. Our new stack can handle enterprise-scale workloads without spiking fees or compromising decentralization, which is exactly what payment providers, exchanges, and game studios need."

Venom isn't your run-of-the-mill blockchain; it uses directed acyclic graph technology. Unlike traditional blockchains that record transactions one at a time, Venom can confirm transactions in parallel, as long as they don't step on each other's toes.

Based in Abu Dhabi and registered in the Cayman Islands, the Venom Foundation is a non-profit powerhouse, laser-focused on developing their layer-1 blockchain. They're not just building a blockchain; they're crafting a scalable monster for DeFi use cases!