Toronto, Canada, 7th August 2024, ZEX PR WIRE<\/a>,<\/strong> Verus, the innovative blockchain protocol behind the MEV-resistant DeFi protocol, announces a milestone achievement of nearly $14 million in trading volume for July 2024, marking its highest monthly volume to date. This record-breaking performance highlights the growing adoption of Verus\u2019s unique solution to malicious Maximal Extractable Value (MEV), endemic in blockchains like Ethereum.<\/p>\n

<\/p>\n

The Verus community will showcase their technology at the upcoming TUM Blockchain Conference in Munich, scheduled for September 12-13, 2024.<\/p>\n

\u201cReaching $14 million in monthly volume is a testament to the increasing trust and adoption of the Verus DeFi MEV-resistant protocol,\u201d said Michael J. Toutonighi, lead developer of Verus. \u201cWe\u2019re excited to build on this momentum and demonstrate the Verus Protocol dApp building technology at the TUM Blockchain Conference.\u201d<\/p>\n

The Verus Protocol processes DeFi transactions simultaneously rather than sequentially, effectively eliminating front-running, back-running, and sandwich attacks. This approach ensures fair pricing, enhanced liquidity, and a more secure trading environment for all users.<\/p>\n

Key features of Verus DeFi are:<\/strong><\/p>\n

\n
MEV resistance through simultaneous transaction processing<\/li>\n
Fair pricing for all conversions within the same trading pair<\/li>\n
Enhanced liquidity through order offsetting<\/li>\n
Low conversion fees of 0.025-0.05% to power the protocol, no counterparty or intermediary required<\/li>\n
Ethereum compatibility via the non-custodial, consensus proven bridge<\/li>\n<\/ul>\n
The features of the Verus Protocol also includes:<\/strong><\/p>\n
\n
Self-sovereign, friendly-name, revocable & recoverable identities as a rent-free namespace for holding funds and connecting data<\/li>\n
Ability to launch currencies (e.g. liquidity pools and tokens) or blockchains from identities<\/li>\n
Unlimited, permissionless scalability<\/li>\n
Truly decentralized, credibly neutral infrastructure\u2014no ICO, no premine, no dev or founder fees<\/li>\n<\/ul>\n
Communities with existing ERC-20 tokens are encouraged to explore the benefits of migrating to the Verus ecosystem, particularly in light of its fair MEV-resistant DeFi, self-sovereign identity protocol and security for their users due to implementing all that functionality at the protocol layer.<\/p>\n
The Verus Protocol is fully functional and accessible through Verus Mobile, to be found on Google Play and App Store. Interested individuals can experience the MEV-resistant DeFi firsthand by downloading the app or by meeting Verus community members at the upcoming conference.<\/p>\n
About Verus:<\/strong><\/p>\n
Verus<\/a>\u00a0is a blockchain protocol that is a fundamentally different and better protocol to build Web3, and to empower communities and individuals. With Verus you can build dApps at any scale\u2014fast, easy, and low-cost.<\/p>\n
For more information, visit www.verus.io<\/a> or join the community Discord via www.verus.io\/discord<\/a>.<\/p>\n<\/div>\n<\/div>\n
\nThe Post Verus DeFi Hits Record $14M Monthly Volume, Showcasing Verus at Conference in Munich\t<\/a> first appeared on ZEX PR Wire<\/a> <\/p>\n<\/div>\n
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Toronto, Canada, 7th August 2024, ZEX PR WIRE, Verus, the innovative blockchain protocol behind the MEV-resistant DeFi protocol, announces a milestone achievement of nearly $14 million in trading volume for July 2024, marking its highest monthly volume to date. This record-breaking performance highlights the growing adoption of Verus\u2019s unique solution to malicious Maximal Extractable Value […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-10099","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-news"},"_links":{"self":[{"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/posts\/10099"}],"collection":[{"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/comments?post=10099"}],"version-history":[{"count":0,"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/posts\/10099\/revisions"}],"wp:attachment":[{"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/media?parent=10099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/categories?post=10099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/tags?post=10099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}