Venus Protocol's XVS Vault on ZKSync Sees Rapid Growth
Venus Protocol's XVS Vault on ZKSync Sees Rapid Growth
š XVS Vault Skyrockets
Venus Protocol's XVS Vault on ZKSync has demonstrated significant growth:
- Over 140K XVS staked by September's end
- Zero withdrawals recorded
- Average weekly growth of 150%
- 47K XVS added per week
This growth follows Venus Protocol's earlier success on ZKSync:
- TVL grew 4895% to $19M in one week
- Became leading lending protocol on ZKSync
- Captured 47% of ZKSync's total lending TVL
Venus Protocol has also shown strong performance in other areas:
- Highest daily average revenue growth among top 5 TVL protocols
- 8.7% growth over 30 days, generating $732K
- 3.3K commits in 2024, surpassing top 5 lending protocols combined
Venus Protocol has recorded the highest daily average revenue growth compared to the top 5 protocols by TVL over the last 30 days, with more than 8.7%. During this period, Venus has generated $732K in total. Data from @tokenterminal #VenusProtocol #DeFi #multichain
Venus Protocol's XVS Vault on ZKSync reached more than 140K XVS staked by the end of September, with zero withdrawals. The vault saw an average weekly growth of 150%, adding 47K XVS per week. Data from @DuneAnalytics ā¹ļø dune.com/xvslove_team/vā¦ #VenusProtocol #DeFi #XVS #zkSync
With 3.3K commits to this date in 2024, Venus Protocol has more than the top 5 lending protocols by TVL combined, making up 52% of the total. Data from @tokenterminal #VenusProtocol #DeFi #Lending
After one week on @ZKsync, Venus Protocolās TVL has grown by 4895% to $19M, securing its position as the leading lending protocol and capturing 47% of ZKsync's total lending TVL. Data from @defillama #VenusProtocol #DeFi #zkSync #Lending
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)