Nemesis Testnet Usage
- The Nemesis testnet hit 130,000 unique addresses and processed 3.4 million transactions over three weeks. - That activity coincides with signals of major protocol upgrades planned by the project team. - The testnet numbers show strong developer and user experimentation, but mainnet migration timelines and token economics are still open (x.com).
Nemesis’ V1 testnet drew 130,000 unique addresses and 3.4 million transactions in its first three weeks, according to the project’s latest public update. (x.com) A testnet is a live practice network where users and developers try features without using real money. Nemesis launched its V1 testnet on April 8, 2026, on Ethereum Sepolia, the standard public test network for Ethereum apps. (medium.com) Nemesis says the product is built for permissionless margin trading, meaning users can swap, go long, go short, and provide liquidity without a centralized broker. Its website says the protocol supports up to 5x leverage and keeps trading, market making, and liquidations onchain. (nemesis.trade) The protocol’s core design is an Omni-Directional Market Maker, or OMM, which Nemesis describes as a liquidity system built on real automated market maker pool tokens rather than a synthetic perpetual-futures engine. The project says that design is meant to let traders take directional positions while liquidity providers earn both trading fees and interest income from the same pool. (nemesis.trade) That helps explain why testnet activity counts matter here. Nemesis’ April 8 launch post said V1 was built around repeated actions — swaps, long positions, short positions, and liquidity provision — instead of one-time wallet tasks, so a large transaction count points to users cycling through the product’s main mechanics. (medium.com) The numbers also arrive as the team signals broader protocol changes ahead. In its public materials, Nemesis says it is “on testnet now,” while the latest update tied the usage surge to planned upgrades rather than a fixed mainnet launch date. (nemesis.trade; x.com) What is still missing is the part traders usually ask about first: timing and tokens. Nemesis’ website and testnet launch materials describe the mechanics of the V1 product, but they do not set a public mainnet migration date or publish token economics. (nemesis.trade; medium.com) For now, the clearest fact is usage. Three weeks after going live on Sepolia, Nemesis has a test network with six-figure wallet participation and multimillion transaction volume, while the project’s next step remains an upgrade path the team has not fully detailed in public. (x.com; medium.com)
