Home Press Release Venom Network’s public testnet records 69 million transactions

Venom Network’s public testnet records 69 million transactions

0 comment

important point

  • The first testnet of the Venom Network has successfully launched.

  • The team revealed that 223,446 wallets created and 69,000,000 transactions completed.

  • The Venom testnet was designed with ecosystem users and developers in mind.

Venom Network Launches First Public Testnet

The Venom Foundation, a decentralized network aimed at accelerating Web3 development and licensed by the Abu Dhabi Global Market (AGDM), announced on Wednesday, May 3rd, the successful launch of its first testnet. bottom.

Venom is a highly scalable Layer 1 blockchain network designed to support a wide range of decentralized applications.

According to the Venom Foundation, 223,446 wallets were created in the first week of the public testnet. Additionally, the team revealed that a total of 69 million transactions were performed during the testnet.

Venom Foundation previously pointed out The public testnet going live is a major milestone for blockchain ahead of the mainnet launch.

In addition to the testnet, the Venom Foundation has also launched several internally developed dApps as the blockchain ecosystem grows.

Besides the testnet, Venom has also released multiple decentralized applications (dApps) developed in-house as part of L1’s growing ecosystem. Peter Knez, Chairman of the Venom Foundation Council, said:

While commenting on the testnet launch last week,

“We are pleased to announce the launch of Venom’s public testnet, an important step towards the upcoming mainnet launch. , and we believe users will be able to experience them firsthand.”

1,370,189 NFTs created during the testnet

In addition to recording the number of wallets created and transactions completed during the first week of the testnet, Venom also reported another significant milestone.

According to the Venom Foundation, a total of 1,370,189 NFTs were created in the first week of the testnet launch. This is an important milestone as Venom aims to become the leading blockchain in his NFT ecosystem.

index (2)

About Us

Coingeography is a principal independent digital media resource with a coverage of comprehensive news on Crypto assets, NFT, Metaverse and the surging Web 3 space. We here deliver the most authentic and precise news from the arena of the Web 3 space and crypto assets. 

Feature Posts


Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Copyright ©️ All rights reserved. | CoinGeography – Powered by Corum8