Venom’s Crypto Surge: 150K TPS and Counting! 🚀💰

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Ah, the Venom Foundation, a name that now dances on the tongues of crypto enthusiasts like a well-rehearsed ballet! After a closed-network test that could make even the most stoic of blockchains weep with envy, Venom has revealed its prowess: a staggering 150,000 transactions per second! Yes, you read that right—more than Solana’s theoretical limit of 65,000 TPS. Who knew blockchain could be so… dramatic? 🎭

On that fateful Friday, May 23, the Venom Foundation announced its triumph, a key step towards its mainnet launch in the third quarter of 2025. One can only imagine the confetti raining down in Abu Dhabi as they proclaimed themselves the champions of throughput! 🥳

Now, let’s not forget our dear friend Solana, boasting a mere 64,000 TPS, while Visa, the payment giant, can only manage 24,000 TPS. Following this monumental test, Venom’s token saw a delightful spike of 2%, reaching a daily high of $0.1031. A toast to the crypto gods! 🍾

Venom Foundation Gears Up for Enterprise Use Cases

According to the Venom Foundation, this stress test was not just a casual stroll in the park; it was a rigorous preparation for enterprise use cases in DeFi. Payment providers, crypto exchanges, and games—oh my! These platforms need a blockchain that won’t crumble under pressure like a cheap chair at a family reunion. 🪑💥

“Throughput only matters if it can remain reliable under pressure,” quipped Christopher Louis, the Chief Executive Officer at Venom. “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.” Well, isn’t that just peachy? 🍑

Venom employs directed acyclic graph technology, a fancy term that means it’s not your run-of-the-mill blockchain. Instead of recording transactions in a dull, sequential manner, it allows for parallel confirmations—like a well-orchestrated symphony, as long as the notes don’t clash! 🎶

Based in the glamorous Abu Dhabi and registered in the Cayman Islands, the Venom Foundation is a non-profit dedicated to the noble cause of developing its layer-1 blockchain. Their mission? To build a scalable blockchain for DeFi use cases, because why not aim for the stars? 🌌

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2025-05-23 23:41