According to Blockchainreporter, Venom Foundation announced that its dual Layer-0 and Layer-1 blockchain has maintained a 99.99% uptime since its mainnet launch in March 2024. The network currently processes between 150,000 and 200,000 daily transactions, with an average annual downtime of under 5.3 minutes. Venom attributes this reliability to its dynamic sharding protocol and Proof-of-Stake Byzantine Fault Tolerance layer. The foundation also highlighted low transaction fees, consistently under one cent, and has secured institutional partnerships, including a national blockchain initiative with the Philippines government. Venom aims to reach 500,000 daily transactions by the end of 2025.
Venom Blockchain Achieves 99.99% Uptime Since March 2024, Targets 500K Daily Transactions
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