Venus Protocol Expands to Multiple Chains with $2.6B TVL
Venus Protocol Expands to Multiple Chains with $2.6B TVL
🌟 Venus Takes Over L2s
Venus Protocol continues to demonstrate its strength in DeFi with $2.6B in total value locked. The protocol maintains significant presence across major chains:
- Top TVL Chains: BNB, Ethereum, and Arbitrum
- Additional Networks: zkSync, Optimism, Base, Unichain, and opBNB
The protocol recently launched on Unichain, featuring a streamlined lending and borrowing experience. Head of Venus Labs @bradherenow showcased the frictionless integration with Uniswap's L2.
Venus Protocol's multi-chain expansion reinforces its position as a battle-tested DeFi money market.
Venus Protocol is one of the most battle-tested and trusted money markets in DeFi, with over $2.6B in value. Top chains by TVL: BNB, Ethereum, and Arbitrum. Next stop: @Unichain ✨
Venus Protocol is one of the most battle-tested and trusted money markets in DeFi, with over $2.6B in value. Top chains by TVL: BNB, Ethereum, and Arbitrum. Next stop: @Unichain ✨
Venus Protocol is live on @Unichain 🌟 @bradherenow, Head of Venus Labs, walks through how easy it is to lend and borrow on Uniswap’s new L2. No friction, no confusion. Just DeFi that works. ✨
Venus Protocol is live on @Unichain 🌟 @bradherenow, Head of Venus Labs, walks through how easy it is to lend and borrow on Uniswap’s new L2. No friction, no confusion. Just DeFi that works. ✨
Venus Protocol Seeks Senior Smart Contract Engineers
Venus Protocol is expanding its team with positions open for Senior Smart Contract Engineers to help develop their onchain money markets. **Key Requirements:** - 5+ years software engineering experience - Deep knowledge of EVM (Ethereum Virtual Machine) - Focus on DeFi and money market protocols The role offers an opportunity to shape the future of decentralized lending and borrowing infrastructure. [Apply at Venus Protocol](https://venus.io/careers)
Venus Protocol Reports 154% User Growth and Token Terminal Integration
Venus Protocol has experienced significant user growth, with monthly active users increasing by 154% from 9.6K to 24.4K in a one-month period. The protocol recently partnered with Token Terminal to provide: - Real-time onchain metrics - Transparent reporting for XVS stakeholders - Comparative analysis tools Users can now track Venus Protocol's growth and metrics through the [Token Terminal dashboard](https://tokenterminal.com/terminal/projects/venus). This integration marks a step toward increased transparency in DeFi analytics.
Venus Protocol on ZKSync Sees Massive User Growth in January
Venus Protocol experienced significant user growth on the ZKSync network in January 2024: - Monthly active users increased from 1,600 to 11,000 - Represents a 576% month-over-month growth - Total user base since launch: 13,200 Data verified through [Dune Analytics](https://dune.com/xvslove_team/venus-protocol-dashboard#zkSync). This growth indicates rising adoption of DeFi services on ZKSync's layer-2 network.
Venus Protocol Adds Support for Balancer (BAL) Token
Venus Protocol has integrated Balancer's BAL governance token into its platform. BAL holders can now: - Supply BAL as collateral on Venus - Borrow stablecoins or blue-chip assets against BAL holdings - Stake borrowed assets in Balancer liquidity pools - Earn additional rewards and governance power The integration expands Venus's supported assets while providing BAL holders with new DeFi opportunities. [Explore BAL market on Venus](https://app.venus.io/#/core-pool/market/0x0Ec5488e4F8f319213a14cab188E01fB8517Faa8?chainId=1)