Driven by the IDO, Venus Protocol's Weekly Active Users Double Compared to Last Week

BlockBeats News, April 6th, according to the xvslove_team data dashboard, during the recent Binance Wallet and PancakeSwap frequent IDOs, the BNB Chain lending protocol Venus Protocol saw a significant increase in unique users interacting in the two weeks from March 24th to 30th and March 31st to the next month's 6th. The weekly unique users all exceeded 8,700, almost doubling compared to the previous period.

Due to the short duration of the IDOs, some users choose to use a stablecoin as collateral on Venus to borrow BNB to participate in the IDO.