One Million Wallets and Counting: Venom Blockchain’s Unprecedented Speed of Registration
Venom Foundation, a leader in blockchain technology adoption in regulated markets, has achieved one million registered wallets as of July 25.
This impressive feat was accomplished in a very short time since Venom’s testnet launch on April 26th. The rapid growth reflects the increasing popularity and demand for Venom’s cutting-edge blockchain solutions, setting a new standard in the industry.
Venom’s success is driven by its groundbreaking technology, strict regulatory compliance, and secure, user-friendly platform that serves a wide range of users. Smooth operations and frequent updates on the Venom testnet also enhance its attractiveness, helping to draw and keep users.
In June alone:
● Venom processed a staggering 277 million transactions, a significant rise of 46% from the previous month.
● The platform witnessed a 65% increase in the number of accounts with smart contracts, which now amount to 28 million.
● The recent growth also encompasses a remarkable 93% jump in minted NFTs as part of on-chain/social tasks, reaching 5.8 million.
Venom’s vision to bring blockchain technology to the masses while following regulatory compliance remains the driving force behind its exponential growth. The organization’s steadfast commitment to research and development, transparency, and strategic partnerships has placed it at the leading edge of the industry.
It’s worth noting that the Venom Foundation is the first to receive a license to operate a blockchain, licensed by the Abu Dhabi Global Market (ADGM), demonstrating its compliance with international laws and rigorous governance standards.
Christopher Louis Tsu, acting CTO and CEO Venom Foundation commented:
““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 quarter of a million people lined up outside your door.”
The landmark achievement of one million registered wallets, coupled with its substantial growth, signifies the increasing public trust in Venom and the recognition of the immense potential blockchain holds for creating a transparent, secure, and efficient alternative to traditional financial systems.
For more information about Venom Foundation’s technologies, framework, and potential platform uses, refer to the Foundation’s whitepaper.
The Venom Foundation provides scalable blockchain solutions for real-world applications, delivering performance and security. With a forward-thinking approach, the foundation envisions a future global economy where decentralized blockchain-based financial systems enable governments, businesses, and consumers to operate seamlessly, unlocking enhanced transactional capabilities. Recognizing the pivotal role of distributed ledger technology in shaping the economy, the foundation is committed to driving the next phase of financial evolution.