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Venom Foundation’s Crypto Gains Momentum After Successful Beta Test
Scalable blockchain Venom has announced impressive results from its recent closed-network beta test, showcasing significant throughput capabilities. On May 23, the Venom Foundation revealed that its network achieved 150,000 transactions per second (TPS), surpassing the theoretical limit of Solana, which stands at 65,000 TPS. This milestone positions Venom as one of the fastest blockchains in the industry.
High Throughput Ahead of Mainnet Launch
The success of this test marks an essential step for the Venom Foundation as it prepares for its mainnet launch in the third quarter of 2025. The foundation claims that this achievement solidifies Venom’s potential to become one of the blockchains with the highest throughput capabilities globally. In comparison, Solana advertises a theoretical limit of 64,000 TPS, and the payment giant Visa can handle up to 24,000 TPS.
Following the announcement of the beta test results, Venom’s token experienced a 2% spike, reaching a daily high of $0.1031. This upward movement highlights growing investor confidence in the scalability and reliability of the Venom blockchain.
Preparing for Enterprise Use Cases
The primary goal of the stress test was to ensure that Venom’s blockchain is equipped to handle enterprise-level use cases, particularly in decentralized finance (DeFi). These use cases include payment providers, cryptocurrency exchanges, and gaming platforms, which require a scalable and dependable blockchain infrastructure.
“Throughput only matters if it can remain reliable under pressure,” said Christopher Louis, 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.”
How Venom’s Technology Works
Venom utilizes directed acyclic graph (DAG) technology, which differs from traditional blockchain structures. While conventional blockchains record transactions sequentially, DAG allows transactions to be confirmed in parallel, provided there are no conflicts. This parallel processing capability is a key factor behind Venom’s high throughput performance.
About Venom Foundation
Based in Abu Dhabi and registered in the Cayman Islands, Venom Foundation operates as a non-profit organization dedicated to the development of its layer-1 blockchain. The foundation’s primary focus is on building a scalable blockchain tailored for DeFi applications. Its innovative approach aims to address issues like network congestion, high transaction fees, and decentralization challenges common in many existing blockchain platforms.
With its successful beta test and ambitious plans for the future, Venom is positioning itself as a strong contender in the rapidly evolving blockchain industry. Investors and developers alike are keeping a close eye on its upcoming mainnet launch and potential enterprise applications.
