Author: Zircuit
Compiled by: TechFlow
Zircuit is a fully EVM-compatible ZK rollup with AI-powered sequencer-level security. Today, Zircuit announced the completion of its mainnet funding round, with participation from Binance Labs, Mirana Ventures, Amber Group, Selini, Robot Ventures, Nomad Capital, Borderless Capital, and prominent angel investors such as the founders of Renzo, Etherfi, Pendle, Parallel, LayerZero, Axelar, F2Pool, Nonce, KelpDAO, ETHGlobal, Maelstrom, and others. With this new funding, Zircuit will be able to accelerate the growth of its ecosystem and activity on the network, which now has over $2.9 billion in staked assets.
Since 2022, the Zircuit team has built a new L2 network that introduces a revolutionary new on-chain security approach. Zircuit protects dApps and their users through its novel infrastructure, with sequencer-level security and built-in automated AI technology to guard against smart contract vulnerabilities and malicious actors. The network's hybrid architecture also brings fast, low-cost, and fully EVM-compatible ZK rollups, providing users with unparalleled security without sacrificing speed or compatibility.
With its robust security infrastructure, Zircuit plans to become a hub for rehypothecation assets with unparalleled security and allow users to earn industry-leading yields natively. The market for liquidity rehypothecation is still in its early stages and is rapidly evolving with new LRT protocols emerging all the time, making it difficult for even experienced users to track and select the best and most secure protocols to deploy their capital. Zircuit aims to solve this problem by becoming the leading liquidity hub for rehypothecation assets (ETH, BTC, LST, and LRT) where users can easily allocate their capital and rest assured knowing that the funds have been deployed to the most secure and highest quality protocols.
“At Binance Labs, we support projects that innovate in the Web3 space and accelerate the development of the blockchain industry. Through its sequencer-level security integration, Zircuit is providing a more secure L2 solution, and we look forward to its further development and growth,” said Yi He, co-founder of Binance and head of Binance Labs.
"Security has been an ongoing issue in the crypto space, with security breaches occurring almost daily. Zircuit was founded by top security experts and leads the industry with its best-in-class security architecture. Since launch, the team has achieved explosive growth in locked assets with a clear growth strategy," said Erick Zhang, Managing Partner at Nomad Capital. "We are excited to support and continue to work with the Zircuit team."
“As the Web3 space accelerates towards mainstream adoption, Zircuit will support this growth by providing the necessary infrastructure. Our years of research in rollups and blockchain security have enabled us to build a L2 network with unparalleled security and scalability. We are proud to have the support of Binance Labs, Mirana Ventures, and other investors as we move toward Phase 1 of our mainnet, and we are committed to making Zircuit a cornerstone of the industry,” said Martin Derka, co-founder of Zircuit.
Zircuit’s mainnet phase 1 will be launched in the coming weeks.
To learn more about Zircuit, visit zircuit.com or read the developer documentation at docs.zircuit.com
To participate in the Build to Earn campaign, please visit:
https://stake.zircuit.com/
To participate in Zircuit Staking, please visit:
https://stake.zircuit.com/
About Zircuit
Zircuit is a ZK rollup with AI-powered sequencer-level security and parallel circuits. Built by a team of Web3 security experts and PhDs in computer science, algorithms, and cryptography, Zircuit's unique architecture combines performance and security. For more information, visit zircuit.com or follow us on Twitter/X @ZircuitL2.
