At present, crypto analyst Messari launched a report primarily based on standing of Venus Protocol (XVS) in Quarter 4, 2024. The info provided an in-depth overview of XVS’ transformative journey throughout the interval (October and December, 2024), mentioning essential monetary progress and rising ecosystem adoption.
State of @VenusProtocol This autumn
Key Replace: Venus Protocol expands multichain presence, launches on Base community whereas implementing gasless transactions on zkSync to reinforce person expertise.
QoQ Metrics 📊
• TVL ⬆️ 14.6% to $2.51B
• Whole Worth 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 high of the Binance chain, recorded an impressive 12 months. Its TVL reached an AHT of $2.51 billion by the top of This autumn (December 24) from $2.19 billion TVL registered in Q3 (September 24). Whereas this represents a 14.6% surge over the earlier quarter, the expansion was majorly pushed by Venus’ transfer to introduce BTC-pegged property (like solvBTC, eBTC, and LBTC) on its lending platform.
Quarterly income additionally reached $19.7 million in Quarter 4, a rise from Quarter 3’s $11 million income – a 79.9% QoQ progress. Elevated borrowing exercise and better market hypothesis had been the catalysts for the income surge.
Transferring down, every day energetic customers on the Venus platform rose by 27.9percentQoQ, surging from 609 in Q3 (September 24) to 779 in This autumn (December 24). This enhance signifies a rebound in person engagement after the decreases witnessed in previous quarters.
Additionally, deposits and withdrawals on the Venus Protocol rose considerably. Deposits on the platform surged massively in This autumn (December 24), rising by 128.5% to 169,231 from 74,000 in Q3 (September 24). Withdrawals grew enormously, growing by 125.9% QoQ to 152,932 from 67,694.
Nevertheless, staked XVS on the Venus platform declined by 5.65% QoQ, dropping from $8.17 million in Q3 (September 24) to $7.70 million in This autumn (December 24). Regardless of the lower, person participation in Venus staking remained sturdy, as traders continued participating with the staking platform.
Venus value updates
The protocol’s sturdy monetary progress is a mirrored image of its native token’s market efficiency. XVS at present strives to take care of an uptrend motion. Its value has been up 10.3% over the previous week after it broke away from a downtrend that entrapped its motion greater than a month in the past. The continued value restoration exhibits its resilience amidst market volatility.
Knowledge from Coinglass exhibits that Open Curiosity (IO) on XVS rose by 8.69% during the last 24 hours, exhibiting rising enthusiasm available in the market. Growing IO exhibits that extra merchants are creating positions, optimistic about value progress, which regularly suggests a bullish sentiment.
Moreover, the asset’s value is at present buying and selling at $6 after seeing a 3.5% rise over the previous 24 hours. This enhance signifies rising curiosity from traders and merchants. Customers’ heightened participation is often an indicator of rising confidence within the token, and on this XVS’s case, doubtlessly indicators a value soar within the coming weeks.
