Venus Protocol's Rapid Growth on Ethereum Mainnet
Venus Protocol's Rapid Growth on Ethereum Mainnet
🚀 Venus Soars on ETH
Venus Protocol, a decentralized money market platform, has achieved remarkable growth within just one week of its launch on the Ethereum Mainnet. According to data from DuneAnalytics, the protocol has already amassed a market size exceeding $70 million. This rapid expansion comes on the heels of Venus Protocol's record-breaking quarter, where it reported over $10 million in protocol reserves and $3 million in liquidation fees, totaling more than $13 million – the highest in its history.
Venus Protocol reports a record-breaking quarter, its highest in history, with over $10M in protocol reserves and $3M in liquidation fees, totaling more than $13M. Data from @DuneAnalytics ℹ️ dune.com/xvslove_team/v… #VenusProtocol #DeFiLeadership #Dune
After just one week on ETH Mainnet, Venus Protocol has reached a market size of more than $70M. Data from @DuneAnalytics ℹ️ dune.com/xvslove_team/v… #VenusProtocol #DeFiLeadership #Dune
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 Expands to Multiple Chains with $2.6B TVL
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 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)