Venus Protocol (XVS) Sets New Records as TVL Surpasses $2.51 Billion in Q4, Growth in Multiple Areas
The post Venus Protocol (XVS) Sets New Records as TVL Surpasses $2.51 Billion in Q4, Growth in Multiple Areas appeared on BitcoinEthereumNews.com.
Today, crypto analyst Messari released a report based on status of Venus Protocol (XVS) in Quarter 4, 2024. The data offered an in-depth overview of XVS’ transformative journey during the period (October and December, 2024), mentioning crucial financial growth and rising ecosystem adoption. State of @VenusProtocol Q4 Key Update: Venus Protocol expands multichain presence, launches on Base network while implementing gasless transactions on zkSync to enhance user experience. QoQ Metrics 📊• TVL ⬆️ 14.6% to $2.51B• Total Value Borrowed ⬆️ 87.3%• Protocol… pic.twitter.com/9ugZ8DYTh4 — Messari (@MessariCrypto) March 21, 2025 Venus’ record-breaking quarter Venus (XVS), a borrowing and lending DeFi protocol that runs on top of the Binance chain, recorded an outstanding year. Its TVL reached an AHT of $2.51 billion by the end of Q4 (December 24) from $2.19 billion TVL registered in Q3 (September 24). While this represents a 14.6% surge over the previous quarter, the growth was majorly driven by Venus’ move to introduce BTC-pegged assets (like solvBTC, eBTC, and LBTC) on its lending platform. Quarterly revenue also reached $19.7 million in Quarter 4, an increase from Quarter 3’s $11 million revenue – a 79.9% QoQ growth. Increased borrowing activity and higher market speculation were the catalysts for the revenue surge. Moving down, daily active users on the Venus platform rose by 27.9%QoQ, surging from 609 in Q3 (September 24) to 779 in Q4 (December 24). This increase signifies a rebound in user engagement after the decreases witnessed in past quarters.   Also, deposits and withdrawals on the Venus Protocol rose substantially. Deposits on the platform surged massively in Q4 (December 24), rising by 128.5% to 169,231 from 74,000 in Q3 (September 24). Withdrawals grew enormously, increasing by 125.9% QoQ to 152,932 from 67,694. However, staked XVS on the Venus platform declined by 5.65% QoQ, dropping from $8.17 million…
Filed under: News - @ March 22, 2025 9:12 pm