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Home»News»Venus Finds its Way Back to the Top
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Venus Finds its Way Back to the Top

BSCTimesBy BSCTimesMay 10, 20222 Mins Read
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The decentralized lending protocol Venus has regained its place at the top of the weekly BNB Chain transaction volume ranking. On March 15, it was reported by Dapp.com that $1.48 billion in total trade volume was accumulated by Venus within seven days. The second-placed protocol, at the time, came in at around $130 million.

On the list of BNB Chain leaders, PancakeSwap and Alpaca Finance come in 2nd and 3rd, which is a significant achievement. It would appear that despite the difficulties faced in 2021 due to an exploit, Venus Protocol has regained the trust and support of its investors.

The 7 day transaction volume top BNB Chain DApps came in the following order:

  1. $XVS @VenusProtocol
  2. $CAKE @PancakeSwap
  3. $ALPACA @AlpacaFinance
  4. $BSW @Biswap_Dex
  5. @solo_top
  6. $MDX @Mdextech
  7. $ACSI @acryptosdao
  8. $BANANA @ape_swap
  9. $EPS @Ellipsisfi
  10. $1INCH @1inch

The exploit that occurred in May of 2021 plummeted the Venus XVS Token from $146.82 (all-time high) to $32.59. Unfortunately, as the prices decreased, so did the users’ confidence in the Venus community. The XVS Token is currently at a lower cost of $8.3, indicating a 94% drop from the all-time high.

However, during a Livestream with BSC News, Venus revealed that they are attempting to revitalize the XVS token by onboarding a new team. Additionally, Venus held a logo and brand design competition to freshen things up and launched a community survey to be implemented in 2022.

More About Venus Protocol

Venus Protocol is a decentralized landing system constructed on the Binance Smart Chain, serving as a marketplace for lenders and borrowers with borderless stablecoin. Of all the protocols on the BNB Chain, Venus is one of the largest.

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