Since its launch in November 2020 on the BNB Chain, Venus Protocol has quickly grown to become one of the most significant platforms in decentralized finance. Let's discuss the platform's key features and achievements.
What is Venus Protocol?
Venus Protocol is an advanced lending and borrowing platform introducing traditional finance elements to DeFi. Users can supply various cryptocurrencies to earn interest or borrow against collateral. A key platform innovation is VAI, a synthetic stablecoin that maintains a 1:1 USD peg through algorithmic mechanisms.
Venus in Numbers
According to the January 2025 report, Venus achieved significant growth, ranking sixth among lending protocols with a total value locked (TVL) of $1.9 billion. Net deposits grew by 58.3% to $1.69 billion, and fee generation increased by 106%, reaching $105.2 million.
Innovations and Expansion
Venus's growth strategy focuses on expanding access and utility across multiple blockchain networks. Integration with LayerZero enables efficient cross-chain operations. Continued development through strategic partnerships and ongoing security enhancements is also planned.
Since its launch, Venus Protocol has established itself as a leading platform in DeFi through careful risk management, strategic expansion, and innovation. This ensures sustainable advancement and the enhancement of financial service quality.
