Venus Protocol partners with Fluid to launch Venus Flux, a unified liquidity layer on BNB Chain enabling lend, borrow, swap from one pool.

Venus Protocol's partnership with Fluid to launch Venus Flux could be a significant development for liquidity on BNB Chain. From a trading perspective, the key will be observing how this impacts the price of $XVS. Currently, the daily chart shows a potential descending triangle forming, with support around $6.00. A successful launch of Venus Flux, coupled with increased volume, could provide the catalyst for a breakout above the triangle and a move towards the $7.50 resistance level. Conversely, if the launch is met with low adoption or technical issues, a breakdown below $6.00 could trigger further downside, potentially testing the $5.00 level. Watching the initial TVL and trading volume on Venus Flux will be crucial in determining the market's reaction.

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More coverage

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• Venus Flux - Venus Protocol (flux.venus.io)
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• Venus TVL, Fees & Revenue - DefiLlama (defillama.com)

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• Fluid
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