According to TechFlow, on October 17, Hyve, a blockchain DA project guaranteed by Symbiotic, completed a $1.85 million seed round of financing, led by Lemniscap, with participation from Paper Ventures, Frachtis and other companies.

It is reported that Hyve is a blockchain data availability (DA) provider guaranteed by the re-staking protocol Symbiotic. Hyve's signature solution, HyveDA, is a completely permissionless data availability layer that provides 1 GB per second of throughput from the outset, with the goal of significantly increasing it to 50+ GB/s as the network grows.