Venom is a Proof of Stake Layer 1 blockchain whose mainnet and VENOM token went live in March 2024, operated by the Venom Foundation based in Abu Dhabi. Its design draws on the Threaded Virtual Machine and an asynchronous, multi-threaded architecture so the network can split work across shards as demand changes. Here is how it works and what it is used for, not the price.
Total value locked (DeFi)
$597,562
Value locked in DeFi protocols on Venom. Updated Jun 8, 2026. Source: DefiLlama.
Validators stake VENOM to take part in producing blocks, and a Byzantine Fault Tolerant process is used to agree on the resulting state. The network is split into workchains and shards that can divide and merge as load changes, an approach the project calls dynamic sharding, so capacity can scale without every node processing every transaction.
Consensus: Proof of Stake with BFT
Validators stake VENOM to take part in producing blocks, and a Byzantine Fault Tolerant process is used to agree on the resulting state. The network is split into workchains and shards that can divide and merge as load changes, an approach the project calls dynamic sharding, so capacity can scale without every node processing every transaction.
Dynamic sharding
Venom can split its workchains into more shards when activity rises and merge them when it falls, spreading transactions across the network rather than through a single chain.
Threaded Virtual Machine
Smart contracts run on the Threaded Virtual Machine, an execution environment from the TON and Everscale lineage that handles contracts as separate accounts that message each other.
Asynchronous messaging
Contracts interact by passing messages rather than calling each other directly in one step, which fits the multi-threaded, sharded design.
Staking
Holders stake VENOM, directly or through validators, to help secure the network and earn a share of staking rewards.
Ecosystem & usage
What Venom is used for.
Venom supports payments, token issuance, and decentralized applications built with its smart contract model.
Venom is a Proof of Stake Layer 1 blockchain whose mainnet and VENOM token launched in March 2024. It uses dynamic sharding and an asynchronous architecture to scale, and is run by the Venom Foundation in Abu Dhabi. Its native token is VENOM.
What consensus does Venom use?
Venom uses Proof of Stake combined with a Byzantine Fault Tolerant process to agree on block state. Validators stake VENOM to take part in producing blocks.
What is dynamic sharding?
Dynamic sharding lets Venom split its chains into more shards when activity rises and merge them when it falls, so transactions are spread across the network instead of one chain.
What is VENOM used for?
VENOM is the native token. It is used to pay transaction fees, to reward validators, and to secure the network through staking.
Can I hold VENOM in Zypto App?
Not yet. VENOM isn't in Zypto App at the moment. You can hold it in any self-custodial wallet, and you can ask us to add Venom using the "Request Venom" button above.
