Venus (XVS) price aims for $100 amid rising TVL and surge in DeFi users

Cointelegraph

Published Apr 17, 2021 05:49PM ET

Updated Apr 18, 2021 07:40PM ET

Binance Smart Chain (BSC) has rapidly risen to prominence in 2021 as high transaction costs and congestion on the Ethereum (ETH) network led smaller-size investors to search for cheaper alternatives.

One of the top choices to earn a yield on the BSC is Venus (XVS), an algorithmic money market and synthetic stablecoin protocol that provides a lending and borrowing solution for the decentralized finance (DeFi) ecosystem.

XVS/USDT daily chart. Source: TradingView
Total value locked on Venus. Source: Defistation

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