The Venom token, the native cryptocurrency of the Venom Foundation’s decentralized network, has seen a significant 30% price increase in the last 24 hours. Currently trading at $0.7311, with a trading volume of $60.3 million, the token’s value has surged following the launch of its mainnet on March 28 and a VENOM token airdrop event.

Venom operates as a Layer-1 blockchain originating from the Abu Dhabi Global Market (ADGM), featuring a unique mesh network architecture for scalability and efficiency. This technology aims to promote blockchain adoption in various sectors, including stablecoins, Central Bank Digital Currencies (CBDCs), real-world assets like carbon credits, and applications in payments and trade finance.

The Venom ecosystem is thriving, with approximately 150 projects under development and 25 decentralized applications (dApps) on its Testnet. The blockchain’s adoption is further supported by its mesh network technology, facilitating secure interchain communication for seamless blockchain integration by sovereign nations and institutions.

The recent price surge of VENOM coincides with its listing on KuCoin exchange’s spot trading platform. To celebrate this listing, the Venom Foundation has announced an airdrop of 800 VENOM tokens to 500 selected addresses from KuCoin wallets.

This development follows a previous announcement from OKX, a global cryptocurrency exchange, which listed VENOM on its futures trading platform on March 26, highlighting the token’s growing market presence.

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