Abu Dhabi–based Venom Foundation has successfully implemented the ChainConnect protocol to offer institutional-grade, intermediary-free cross-chain transactions. This integration allows for atomic swaps between Threaded Virtual Machine (TVM)-compatible networks like Venom, TON, Everscale, and Hamster Network, as well as EVM chains. These swaps enable tokens to move seamlessly as single, indivisible operations that either complete in full or revert without partial settlement.
This integration positions the network to handle tokenized asset transfers for clients with the highest security requirements, such as central banks and sovereign wealth funds, by eliminating custody risks associated with third-party intermediaries. ChainConnect’s approach to TVM–EVM interoperability has been well-documented in ecosystem writeups and project pages detailing how it links TVM networks with Ethereum-compatible chains.
Venom’s approach contrasts with the architecture of large modular bridges like LayerZero and Axelar, which prioritize wide network reach. While LayerZero supports over 150 networks and Axelar supports dozens more, their verification models rely on external oracle/relayer or validator sets. Venom’s use of atomic swaps eliminates potential attack surfaces present in these models.
High-Speed, Low-Cost Cross-Chain Transfers
The ChainConnect integration facilitates the seamless transfer of major assets between TVM and EVM ecosystems, including wrapped BTC and ETH, USD-pegged stablecoins like USDT and USDC, and native TVM tokens that can share liquidity pools. Venom’s mesh architecture with dynamic sharding serves as the performance foundation, allowing the network to operate at over 150,000 transactions per second with sub-second finality.
Venom emphasizes cost-efficiency and user experience, offering gas fees at 100 nanoVENOM per unit and an “invisible fees” option for ChainConnect transfers. This approach results in lower latency and reduced fee overhead compared to traditional bridge arrangements.
Liquidity metrics demonstrate growing market engagement, with VENOM’s 24-hour trading volume hovering around $2–3 million across various exchanges. The project’s tokenomics allocate portions of the token supply to market liquidity, ecosystem incentives, and community rewards, aiming to expand VENOM’s utility for fees, governance, and staking.
CEO Christopher Louis Tsu highlights the importance of trust architecture for institutional clients engaging in cross-chain transactions, emphasizing Venom’s commitment to security and efficiency. The foundation positions ChainConnect-backed swaps as specialized infrastructure for high-volume, regulated transfers, complementing retail-focused bridges.
For those interested in diving deeper into the technical documentation and ChainConnect spec, Venom’s public pages and ChainConnect’s project site offer detailed protocol notes and supported-asset lists.