Recently, the Venom network broke its own record for the number of registered wallets in a blockchain designed to host Web3 applications.

In particular, the first regulated network based in Abu Dhabi has passed the milestone of more than one million addresses in less than three months since the launch of the test network on April 26. In addition, in June alone, 277 million transactions were made on the Venom network, which is 46% more than a month earlier.

At the same time, the network recorded a 65 percent surge in the number of accounts with smart contracts (28 million). In addition, the company has increased the number of NFTs by 9% within the framework of network and social tasks, issuing a total of 5.8 million tokens.