According to TechFlow, on July 18, CoinDesk reported that blockchain data provider Allium Labs completed a $16.5 million Series A financing led by Theory Ventures, and its founder Tomasz Tunguz will join the board of directors. Kleiner Perkins and Amplify Partners also participated in the financing.
Allium Labs provides enterprise-level blockchain data to companies such as Visa, Stripe and Uniswap Foundation, and plans to use the funds for data infrastructure construction and market expansion. The latest data shows that the demand for stablecoins will rebound in 2024, with a circulating supply of nearly $150 billion and monthly active users reaching 27.5 million.
