The mainnet blockchain Venom was officially launched recently, with the Venom team announcing a hackathon offering a total prize of US$200,000 to developers from various countries to participate. In an era increasingly dominated by innovative blockchain solutions, the mainnet blockchain Venom has made a significant impact with its launch, which claimed to dramatically increase its market value and visibility within the crypto community.

Launched on March 28, 2024, alongside listings on major crypto exchanges such as KuCoin and OKX, the launch has propelled Venom to a prominent position in the global market. The Mainnet Blockchain Venom operates as a unique Layer-1/Layer-0 hybrid infrastructure designed to meet the growing demand for scalable and efficient blockchain technology.

The launch of the mainnet marked a significant milestone for Venom as it laid a strong foundation for decentralized applications and government-level blockchain solutions. The design incorporates asynchronous blockchain technology and a unique mesh network architecture, making it highly scalable and efficient.

The technology of the mainnet blockchain Venom is prepared to revolutionize how sectors, including governments, handle digital transactions and asset management. Its ability to support tokenization of real-world assets, such as natural resources and precious metals, paves the way for more secure and transparent economic transactions.

Moreover, the infrastructure of the mainnet blockchain Venom supports applications ranging from carbon credits and stablecoins to Central Bank Digital Currencies (CBDCs), demonstrating its broad applicability and potential to transform the global financial system.

Currently, the Venom ecosystem is rapidly expanding, supporting around 150 ongoing projects and 25 decentralized applications (dApps) operating on its testnet. The fast-paced development in the Venom ecosystem is claimed as evidence of a robust and versatile platform, driving developers to innovate and build sophisticated applications.

Market response to the mainnet launch of Venom has been highly positive. Currently, Venom's market capitalization is US$380 million, placing it at the 224th position on Coinmarketcap. Trading volume has also experienced a significant increase, with around US$7.19 million traded in the last 24 hours, indicating growing interest from investors and market stakeholders.

Furthermore, Venom's recent listing on the Seychelles-based KuCoin spot trading platform has expanded its accessibility to various traders and investors, adding to the increasing market enthusiasm. The Venom team also unveiled the VenomForge hackathon aimed at stimulating further development within the Venom ecosystem. The hackathon offers a total prize of US$200,000 USDT, expected to attract developers from many countries.

In addition, Venom's listing on the futures trading platform OKX, just a few days before the mainnet launch, confirms Venom team's strategic efforts to enhance market presence and reassure investors about its stability and growth potential.

With a circulating supply of 988,919,270 units, Venom's strategy appears to focus on maintaining a balanced growth and utility approach. This strategy not only supports a stable increase in value but also aligns with the broader goal of promoting sustainable and scalable blockchain solutions.

Looking ahead, Venom plans to continue its expansion with more strategic listings and partnerships. Their goal is not only to enhance their blockchain capabilities but also to form partnerships that drive their vision forward. This includes more government projects and large companies that can benefit from the transparency and efficiency of blockchain technology.

The launch of the mainnet blockchain Venom is a significant step towards reforming the blockchain technology landscape. With advanced infrastructure and strategic market moves, Venom is ready to become a key player in the blockchain space, driving the adoption of this technology across various sectors globally.

As the blockchain industry evolves, Venom's innovative approach and successful market integration position it as a force to be reckoned with in the competitive cryptocurrency world.