Venom Foundation’s crypto spiked after a successful closed-network test, revealing significant throughput. Scalable blockchain Venom claims that it can handle more throughput than Solana. On Friday, May 23, the Venom Foundation announced a successful closed-network beta test. Specifically, the network achieved 150K transactions per second, more than Solana’s theoretical limit of 65K TPS. https://twitter.com/VenomFoundation/status/1925940386398138417 For the Venom Foundation, this is a key step ahead of its mainnet launch, set for the third quarter of 2025. According to the foundation, this would make Venom one of the blockchains with the highest throughput out there. You might also like: Base’s TPS claim may be inflated by counting failed transactions For instance, Solana advertises a theoretical limit of 64,000 TPS, while the payment giant Visa can support 24,000 TPS. Following the successful test, Venom’s token spiked 2%, reaching a daily high of $0.1031. Venom Foundation prepares for enterprise use cases According to the Venom Foundation, the goal of this stress test was to ensure that the blockchain is ready for enterprise use cases in DeFi. This includes payment providers, crypto exchanges, and games, among other DeFi users. Specifically, these are the types of platforms that require a reliable and scalable blockchain that doesn’t break down under 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 uses directed acyclic graph technology, which is different than traditional blockchains, which record transactions sequentially one after another. Unlike blockchains, transactions can be confirmed in parallel, as long as they don’t conflict with each other. Based in Abu Dhabi and registered in the Cayman Islands, Venom Foundation is a non-profit supporting the development of its layer-1 blockchain. Their focus is on building a scalable blockchain for DeFi use cases. Read more: Blockchain performance overstated by 20x, Taraxa report finds
