Price
$3.92
11/28/2022, 4:00:24 AM
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Market

Market stats

Market cap

$47.7M

Volume (24h)

$1.6M

Circulating supply

12.2M XVS

All time high

$147.02

Price change (1h)

+0.78%

Price change (24h)

-2.53%

Price change (7d)

+7.61%

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Venus is on the rise this week.

The price of Venus has risen by 7.61% in the past 7 days. The price declined by 2.53% in the last 24 hours. In just the past hour, the price grew by 0.78%. The current price is $3.920435 per XVS. Venus is 97.33% below the all time high of $147.02.

The current circulating supply is 12,170,524 XVS.

About

What Is Venus (XVS)?

Venus Protocol (XVS) is an algorithmic-based working financial market strategy. As mentioned in the whitepaper, Venus was the first decentralized stablecoin, and several crypto assets supported the protocol without lending any control or operation rights. The protocol aims to set a complete decentralized fund-based borrowing and credit system onto the Binance Smart Chain (BSC). Binance Smart Chain (BSC) is a blockchain network built for running smart contract-based applications, thus providing a high-speed, secure, and low transaction cost blockchain. Moreover, it seeks to eliminate existing Ethereum blockchain problem areas, including bottlenecks, a shortage of inter-compliant resources, and excessive processing fees. 

The availability and benefit of security arise from developing a system that allows a conventional finance system to be linked to creating synthetic stablecoins. These technologies are instantiated on the ledger and accessed through a GUI. Furthermore, the method unlocks vast sums of currency in value currently locked up on blockchain technologies without any loan markets while also helping individuals achieve legal timing reliability. Venus is intended to address all of the issues associated with existing financial loaning, bridging the gap by providing users with a decentralized and secure platform to help them take loans, earn income, and mint synthetic cryptocurrencies. 

The native token for the Venus protocol is XVS. The XVS can be earned via the Binance LaunchPool or by offering liquidity to the protocol. Venus was designed to allow for shared ownership. Venus seeks to advance to mint stablecoins from your provided collateral which can be spent at over 60 million locations across the world using the Swipe framework. Moreover, the XVS token seeks to enable users to use cryptocurrency by supplying network security. The supply aims to create a secure borrowing ecosystem. 

Ultimately, the Venus protocol has been developed to seek to provide users with a decentralized and secured marketplace. The protocol aims to completely operate on BSC, removing existing pain points on the Ethereum blockchain concerning congestion, lack of cross-chain compatible assets, and increased transaction fees. 

History of Venus

As per the Venus whitepaper, the Venus token was launched on November 27, 2020. 

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FAQ

What is the current price of Venus?

The price of 1 Venus currently costs $3.92.

What is the market cap of Venus?

The current market cap of Venus is $47.70M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Venus?

The all-time high of Venus is $147.02. This all-time high is highest price paid for Venus since it was launched.

What is the 24 hour trading volume of Venus?

Over the last 24 hours, the trading volume of Venus is $1.60M.

What other assets are similar to Venus?

Assets that have a similar market cap to Venus include Standard Tokenization Protocol, StormX, Alien Worlds, and many others. To see a full list, see our comparable market cap assets.

How many Venus are there?

The current circulating supply of Venus is 12 million.