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VENOM Soars from historical lows to top the gainers
According to CoinGecko data,$VENOM, the native token of @Venom_network_, rose more than 110% in 24 hours, becoming one of the currencies with the largest gainers in the market. The rally pushed its market value to nearly $40 million, a dramatic reversal for a project that was at historical lows a few days ago.
From historical low to gainer
$VENOM hit a record low around July 28, ending a long decline in which the token lost most of its value from its peak. CoinMarketCap data shows that VENOM's historical high occurred in March 2024 at US$0.7955. Even after the recent rebound, the current price is still about 98% below that high.
The catalyst for triggering the reversal appears to be a governance and positioning initiative by the Venom Foundation-the foundation has proposed a new blockchain adoption measurement framework that has regained market attention to the project.
Venom has been licensed to operate the Abu Dhabi Global Market (ADGM), a compliance qualification that positions it as the underlying infrastructure of regulated financial markets. The network architecture is designed to process more than 100,000 transactions per second, with an average transaction cost of only US$0.0002, providing a technical foundation for high-frequency institutional applications.
What did the Venom Foundation propose?
The Venom Foundation is a non-profit organization that manages the development and promotes adoption of the Venom blockchain. Its latest proposal focuses on a framework for measuring practical application scenarios of blockchain, a move that is consistent with the industry's broader trend-that is, market value is no longer just used as a yardstick for network health and practicality.
The foundation's analytical team has previously released a report ranking blockchain by daily active users, emphasizing practical applications rather than market value. In recent months, the project has faced structural resistance-OKX launched VENOM in June 2025, and then other platforms followed suit due to lack of alternative liquidity. Still, the latest catalyst seems to be enough to reignite traders 'interest, at least in the short term. Whether this rally is a real recovery or a short pulse remains to be seen, but at least for now $VENOM has once again become one of the focuses of the market.
