Venom Foundation’s cryptocurrency experienced a value surge after a successful closed-network test, which disclosed substantial throughput
Blockchain, capable of scaling Venom, asserts that it can manage a higher throughput than Solana. The Venom Foundation announced a successful closed-network beta test on Friday, May 23.
In particular, the network exceeded Solana’s theoretical limit of 65K TPS by achieving 150K transactions per second.
This is a critical milestone for the Venom Foundation in anticipation of its main net launch in the third quarter of 2025. Venom would be among the blockchains with the most significant throughput per the foundation.
For example, Solana advertises a theoretical limit of 64,000 TPS, whereas Visa, the payment colossus, can support 24,000 TPS. Venom’s token experienced a 2% increase in value after the successful test, culminating in a daily high of $0.1031.
Venom Foundation is preparing for enterprise use cases.
The Venom Foundation stated that the objective of this endurance test was to verify that the blockchain is ready for enterprise use cases in DeFi. Among other DeFi consumers, this encompasses payment providers, crypto exchanges, and games.
In particular, these are the platforms that necessitate a blockchain that is both scalable and reliable and that is not susceptible to network stress.
“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.”
Venom employs directed acyclic graph technology, which differs from conventional blockchains in recording transactions sequentially. Transactions can be confirmed in parallel, provided they do not conflict, unlike blockchains.
Venom Foundation, a non-profit organization registered in the Cayman Islands and headquartered in Abu Dhabi, is dedicated to advancing its layer-1 blockchain. Their primary objective is to construct a blockchain that is both scalable and suitable for DeFi applications.
