VENOM

Venom

The Venom token, the native cryptocurrency of the <a href="https://crypto.news/tag/venom-foundation/">Venom Foundation</a>‘s decentralized network, has experienced a 30% surge in its price over the past 24 hours. 
As of the latest reports, the token is trading at $0.7311, with a trading volume of $60.3 million. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="898" height="495" src="https://crypto.news/app/uploads/2024/03/VENOM_1D_graph_coinmarketcap.png" alt="Venom token surges 30% amid mainnet launch and exchange listing - 27" class="wp-image-14261669">
 <figcaption class="wp-element-caption">
 VENOM 24-hour price chart | Source: CoinMarketCap
 </figcaption>
</figure> 
The recent uplift in VENOM’s market value is linked directly to the <a href="https://news.bitcoin.com/venom-foundation-ushers-in-a-new-blockchain-era-with-mainnet-launch/" target="_blank" rel="noopener">launch of its mainnet</a> on March 28, alongside a VENOM token airdrop event. 
Venom operates as a Layer-1 blockchain originating from the Abu Dhabi Global Market (ADGM), distinguished by its Layer-0 asynchronous blockchain technology. 
This includes a unique mesh network architecture designed for scalability and efficiency, aiming to facilitate blockchain adoption across various sectors. They include government initiatives for stablecoins, Central Bank Digital Currencies (CBDCs), real-world assets (like carbon credits), and applications in payments and trade finance. 
The Venom ecosystem is currently bustling with activity, hosting approximately 150 projects under development and 25 decentralized applications (dApps) on its Testnet. 
 You might also like: <a href="https://crypto.news/ai-tokens-fet-agix-and-ocean-surge-amid-merger-deal-into-asi-token/"> AI tokens FET, AGIX, and OCEAN surge amid merger deal into ASI token </a> 
The blockchain’s adoption is supported by its mesh network technology, which promotes secure interchain communication. It facilitates the seamless integration and deployment of blockchains by sovereign nations and institutions, aiming to achieve mass adoption through secure and decentralized networks. 
Additionally, the price surge coincides with the recent listing of the VENOM token on the Seychelles-based <a href="https://crypto.news/tag/kucoin">KuCoin </a>exchange’s spot trading platform. 
To celebrate the listing, the Venom Foundation has announced an airdrop of 800 VENOM tokens to 500 selected addresses from KuCoin wallets. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/search?q=%24VENOM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$VENOM</a> WILL BE LISTED KUCOIN🔔 Venom Blockchain will be available on <a href="https://twitter.com/hashtag/KuCoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#KuCoin</a>! ➡️Register &amp; KYC: <a href="https://t.co/OpL7uA1JL7" target="_blank">https://t.co/OpL7uA1JL7</a>… 500 address from <a href="https://twitter.com/hashtag/Kucoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Kucoin</a> Wallet 800 <a href="https://twitter.com/hashtag/Venom?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Venom</a> coin each! Follow @VenomPress, Like, RT &amp; drop your Venom wallet address👇<a href="https://twitter.com/hashtag/VenomAirdrop?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#VenomAirdrop</a> <a href="https://twitter.com/search?q=%24VENOM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$VENOM</a> <a href="https://twitter.com/hashtag/VenomLaunch?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#VenomLaunch</a> <a href="https://t.co/2egWvIlV9U" target="_blank">pic.twitter.com/2egWvIlV9U</a>— Venom Gems (@Venom_Gems) <a href="https://twitter.com/Venom_Gems/status/1773250297688732092?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">March 28, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
The development follows a previous <a href="https://www.prnewswire.com/news-releases/flash-news-okx-lists-venom-networks-venom-on-its-perpetual-futures-market-302099255.html" target="_blank" rel="noopener">announcement </a>from the global cryptocurrency exchange <a href="https://crypto.news/tag/okx/">OKX</a>, which listed VENOM on its futures trading platform on March 26, emphasizing the expanding market presence of the token. 
 Read more: <a href="https://crypto.news/okx-api-glitches-display-errors/"> OKX’s API experiences technical glitches, display errors </a>

Venom token surges 30% amid mainnet launch and exchange listing

crypto.news

Other articles published on Mar 28, 2024

The VC Whisperer | Weekly Newsletter, March 4.0 Edition (2024)

Best Bitcoin Casinos with VIP Offers In 2024

Nvidia Addresses Critical Security Flaws in ChatRTX App

As Bitcoin (BTC) Halving Approaches, Analysts Shared Their Expectations! Here are the Details

AI tokens FET, AGIX, and OCEAN surge amid merger deal into ASI token

Big Day for Bitcoin and Ethereum Tomorrow: $15 Billion BTC and ETH Option Expires! Analyst Warned...

Join our free newsletter for daily crypto updates!