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Venom is a Turing-complete, proof-of-stake blockchain that employs the Byzantium Fault Tolerance consensus algorithm for block validation and creation, as well as for the security of the network. It utilizes dynamic sharding to boost its transaction throughput and network capacity. Venom is a decentralized network built on advanced technology, providing fast, secure, and scalable solutions for different industries.
What is Venom?
Venom is a Layer 0 and Layer 1 blockchain platform designed to serve as the infrastructure for a global ecosystem of Web3 applications. It aims to provide ultra-fast transaction speeds and infinite scalability to meet the demands of an expanding user base. Venom's mission is to build a blockchain that functions as the main infrastructure for Web3 applications, offering high throughput and low transaction fees.
How Does Venom Work?
Venom utilizes dynamic sharding and a Threaded Virtual Machine (TVM) to achieve high scalability and efficiency. Dynamic sharding allows the network to adjust the number of shards based on demand, ensuring it can handle large transaction volumes without compromising security or decentralization. The TVM supports multi-threaded execution of smart contracts, enabling faster processing and improved network performance.
What Makes Venom Unique?
Venom stands out due to its dynamic sharding, which enhances transaction processing capacity, and its TVM that supports asynchronous smart contracts. These features enable the network to process over 100,000 transactions per second with minimal fees, making it suitable for large-scale applications such as CBDCs, asset tokenization, and decentralized finance (DeFi) platforms.
Who Are the Founders of Venom?
The Venom project is led by Dr. Kai-Uwe Steck, founder and Managing Partner of Pontinova Circle Investment Group. The board of directors includes Peter Knez, former CIO of BlackRock; Mustafa Kheriba, Executive Chairman of Iceberg Capital; and Osman Sultan, former CEO of Emirates Integrated Telecommunications Company.

Latest News

What Key Events Have There Been for Venom?
In April 2024, the Venom Blockchain was launched in Abu Dhabi, achieving a market cap surpassing $5.2 billion and exchange volumes exceeding $200 million on leading platforms. This milestone highlights Abu Dhabi's role as a hub for innovation in the global fintech industry.
Project Announcements
Venom has announced partnerships with various organizations to expand its ecosystem, including collaborations with developers and strategic partners to enhance the platform's capabilities and adoption.

Upcoming Events

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Projects Announcements

Where to Buy Venom?
Venom tokens can be purchased on several cryptocurrency exchanges, including OKX, Bybit, Gate.io, MEXC, and KuCoin. These platforms offer various trading pairs, with VENOM/USDT being among the most popular.
Venom Price
Daily Trading Volume
As of July 18, 2025, the 24-hour trading volume for Venom is approximately $1.42 million, indicating active market participation.
All-Time High
Venom reached an all-time high of $0.7955 on March 25, 2024, which is approximately 72.81% higher than its current price.
All-Time Low
The all-time low for Venom was $0.03464 on February 3, 2025, about 524.41% lower than its current price.
Market Cap and Valuation
Market Cap
Venom's current market capitalization is approximately $213.87 million, ranking it at #223 among cryptocurrencies.
Fully Diluted Valuation
The fully diluted valuation of Venom is around $1.73 billion, considering the maximum supply of 8 billion VENOM tokens.
Venom Price Prediction
While specific price predictions are speculative, factors influencing Venom's price include market sentiment, adoption rates, technological developments, and overall trends in the cryptocurrency market. Investors should conduct thorough research and consider these factors when evaluating Venom's potential.

FAQ

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Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.