The live price of Venus (XVS) today is 12.7458 USD, and with the current circulating supply of Venus at 15,726,720.48 XVS, its market capitalization stands at 200,450,285 USD. In the last 24 hours XVS price has moved ? USD or 0.00% while ? USD worth of XVS has been traded on various exchanges. The current valuation of XVS puts it at #278 in cryptocurrency rankings based on market capitalization.
Learn more about the Venus blockchain network and how it works or follow the price of its native cryptocurrency XVS and the broader market with our unique COIN360 cryptocurrency heatmap.
Venus (XVS) is a decentralized finance (DeFi) platform that enables users to lend and borrow a wide range of cryptocurrencies directly on the Binance Smart Chain. It is an algorithmic money market system designed to bring a complete decentralized finance-based lending and credit system onto Binance Smart Chain. Venus empowers the blockchain economy by providing a high-speed, low-cost avenue for users to interact with their assets.
Venus operates on the Binance Smart Chain (BSC) which uses a consensus mechanism known as Proof of Staked Authority (PoSA). This mechanism combines elements of Proof of Authority (PoA) and Delegated Proof of Stake (DPoS) to achieve high-speed transactions and improved scalability.
Venus utilizes the Binance Smart Chain, a blockchain platform built for running smart contract-based applications. BSC runs in parallel with Binance’s native Binance Chain (BC), allowing users to get the best of both worlds: the high transaction capacity of BC and the smart contract functionality of BSC.
Venus is highly scalable due to its integration with the Binance Smart Chain, which is capable of handling a large number of transactions quickly and efficiently.
Venus employs robust security measures to protect users' assets. The platform's smart contracts have been audited by leading security firms to ensure their safety and reliability.
While transactions on Venus are transparent and traceable on the blockchain, users' identities remain private, ensuring a degree of privacy in transactions.
Venus is a fully decentralized platform, with no central authority controlling the network. This ensures that the platform remains open and accessible to everyone.
The Venus protocol is developed and maintained by Swipe, a multi-asset digital wallet and Visa debit card platform. The governance of the Venus protocol is controlled by XVS holders who can vote on various proposals.
Venus has the potential to disrupt traditional finance by providing a decentralized platform for lending and borrowing. It can be used by individuals to earn interest on their crypto assets or take out loans using their crypto as collateral.
Venus (XVS) can be purchased on several exchanges, including Binance, with cryptocurrencies like BTC, ETH, and BNB.
XVS tokens can be stored in any wallet that supports BEP-20 tokens, such as Trust Wallet or MetaMask.
Venus has partnered with several major players in the blockchain industry, including Binance and Swipe, to enhance its platform and expand its reach.
Venus has a comprehensive roadmap that includes plans for further development of its platform, including the introduction of new features and enhancements.
Like all DeFi platforms, Venus faces risks and challenges, including smart contract vulnerabilities, regulatory hurdles, and market volatility.
Venus has a vibrant community of users and developers who actively participate in the platform's governance and development.
Venus is committed to complying with all relevant regulations and has taken steps to ensure its platform is compliant with global regulatory standards.
In conclusion, Venus is a promising DeFi platform that offers a range of features for users to lend, borrow, and earn interest on their crypto assets. With its robust technology, strong partnerships, and active community, Venus is well-positioned to make a significant impact in the DeFi space.