Blockchain
Key learning points
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The Venom Network’s first testnet was successfully launched.
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The team revealed that 223,446 created wallets were created and 69,000,000 transactions were completed.
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The Venom testnet is designed with ecosystem users and developers in mind.
Venom Network launches its first public testnet
Venom Foundation, a decentralized network focused on accelerating Web3 development and licensed by the Abu Dhabi Global Market (AGDM), announced on Wednesday, May 3 that it has successfully launched its first testnet.
Venom is a highly scalable Layer-1 blockchain network designed to support a wide variety of decentralized applications.
A huge thank you to our incredible community for participating in this first week of #VenomTestnet!
With your help, Venom will pave the way for a brighter future.
Last week in numbers 👇 pic.twitter.com/xqGuyhFH4I
— Venom Network (@Venom_network_) May 3, 2023
According to the Venom Foundation, 223,446 wallets were created in the first week of the public testnet. Further, the team revealed that a total of 69 million transactions were executed during the testnet.
Venom Foundation previously indicated that the public testnet going live is a huge milestone for the blockchain ahead of the mainnet launch.
In addition to the testnet, the Venom Foundation has also launched several dApps developed in-house as it expands its blockchain ecosystem.
In addition to the testnet, Venom has also released multiple decentralized applications (dApps) developed in-house as part of the L1’s growing ecosystem. Peter Knez, the chairman of the Venom Foundation Council,
While commenting on the launch of the testnet last week,
“We are excited to announce the launch of Venom’s public testnet, a critical step towards our upcoming mainnet launch. With our highly scalable and reliable asynchronous blockchain, we are confident that developers can build innovative dApps while users can experience them firsthand.”
1,370,189 NFTs hit during testnet
In addition to the record number of wallets created and transactions completed during the first week of the testnet, Venom also reported another major milestone.
A total of 1,370,189 NFTs were hit in the first week of the testnet launch, according to the Venom Foundation. This is an important milestone as Venom aims to become a leading blockchain in the NFT ecosystem.