ElectricCapital
5,752 megtekintés
4 Bejegyzések
Népszerű
Legfrissebb
Wasabi Protocol has raised $3 million to develop its decentralized trading platform. 🟢💰💸
Wasabi, a decentralized platform revolutionizing the leveraged trading of memecoins and NFTs, has secured a $3 million seed funding round. Led by Electric Capital, the investment included participation from a diverse group of prominent backers, including Alliance, Memeland, Spencer Ventures, and several notable figures from the crypto community.
This significant influx of capital is set to propel Wasabi's growth and development. The funds will primarily be utilized to expand the team, allowing Wasabi to accelerate the development of its platform and introduce new features to cater to the growing demand for memecoin and NFT trading tools.
What sets Wasabi apart is its innovative approach to leveraged trading. Unlike traditional perpetual decentralized exchanges that rely on market makers for price feeds, Wasabi leverages actual assets, minimizing counterparty risk and enhancing the security of the platform for users.
This unique approach has already proven successful, with Wasabi experiencing rapid growth since its launch. The platform has facilitated over $500 million in trading volume and boasts a community of over 18,000 traders. Its total value locked (TVL) has exceeded $111 million, and the platform serves over 66,000 liquidity providers.
The fresh funding will enable Wasabi to further solidify its position in the burgeoning DeFi space. The company plans to focus on expanding its team, hiring talented individuals across various domains, including smart contract engineering, back-end development, quantitative analysis, and operations.
With its strong financial backing, innovative technology, and growing user base, Wasabi is well-positioned to become a leading player in the memecoin and NFT trading space. The platform's commitment to providing secure, efficient, and user-friendly tools is expected to drive further adoption and cement its place as a key player in the evolving landscape of decentralized finance.
#Wasabi #WasabiProtocol #ElectricCapital #NFT
Wasabi, a decentralized platform revolutionizing the leveraged trading of memecoins and NFTs, has secured a $3 million seed funding round. Led by Electric Capital, the investment included participation from a diverse group of prominent backers, including Alliance, Memeland, Spencer Ventures, and several notable figures from the crypto community.
This significant influx of capital is set to propel Wasabi's growth and development. The funds will primarily be utilized to expand the team, allowing Wasabi to accelerate the development of its platform and introduce new features to cater to the growing demand for memecoin and NFT trading tools.
What sets Wasabi apart is its innovative approach to leveraged trading. Unlike traditional perpetual decentralized exchanges that rely on market makers for price feeds, Wasabi leverages actual assets, minimizing counterparty risk and enhancing the security of the platform for users.
This unique approach has already proven successful, with Wasabi experiencing rapid growth since its launch. The platform has facilitated over $500 million in trading volume and boasts a community of over 18,000 traders. Its total value locked (TVL) has exceeded $111 million, and the platform serves over 66,000 liquidity providers.
The fresh funding will enable Wasabi to further solidify its position in the burgeoning DeFi space. The company plans to focus on expanding its team, hiring talented individuals across various domains, including smart contract engineering, back-end development, quantitative analysis, and operations.
With its strong financial backing, innovative technology, and growing user base, Wasabi is well-positioned to become a leading player in the memecoin and NFT trading space. The platform's commitment to providing secure, efficient, and user-friendly tools is expected to drive further adoption and cement its place as a key player in the evolving landscape of decentralized finance.
#Wasabi #WasabiProtocol #ElectricCapital #NFT
EVM Dominates Multichain Development with 9 out of 10 Developers. 🎰💻🏆
In a recent revelation by Electric Capital, the crypto development landscape for Q4 2023 takes center stage. A noteworthy trend emerges, highlighting the dominance of Ethereum Virtual Machine-based (EVM) blockchains in the developer community.
🔹EVM Compatibility Dominance:
The report unveils that almost 90% of multichain developers are directing their efforts towards at least one EVM-compatible chain. Notable players include Starket, Polygon (MATIC), Optimism (OP), and Arbitrum (ARB).
🔹Cross-Pollination Among EVM Chains:
Ethereum's influence extends as BNB Chain (BNB) and Polygon attract the majority of "cross-pollination" from Ethereum's multichain developers. Surprisingly, 37% choose BNB, while 35% opt for Polygon.
🔹Developer Growth Trends:
Despite an overall 24% decrease in total monthly active developers in the crypto space, experienced developers, boasting over a year in crypto, witnessed a growth of 16% in 2023. Ethereum leads in attracting newcomers, welcoming over 16,700 new developers, nearly three times that of Polygon.
🔹Bitcoin's Development Landscape:
Bitcoin experiences a 19% YoY decline in development activity, with just over 1,000 monthly active developers. However, Layer-2 networks and scaling solutions on Bitcoin capture more than 40% of all open-source Bitcoin developers.
🔹Multichain Development Surge:
Multichain development activity has skyrocketed by 1,000% since 2015. As of December 2023, 30% of all monthly active developers are involved with at least two blockchains, reflecting a 125% increase since 2018.
The crypto development realm unmistakably favors EVM-compatible chains, underlining Ethereum's enduring influence. Despite challenges in specific ecosystems, the overarching trend signals growth, adaptability, and a heightened skill diversification among developers. The rise of multichain development paints a vibrant picture of the ever-evolving crypto landscape.
#EVM #BNBChain #ElectricCapital #Layer2 #blockchain
In a recent revelation by Electric Capital, the crypto development landscape for Q4 2023 takes center stage. A noteworthy trend emerges, highlighting the dominance of Ethereum Virtual Machine-based (EVM) blockchains in the developer community.
🔹EVM Compatibility Dominance:
The report unveils that almost 90% of multichain developers are directing their efforts towards at least one EVM-compatible chain. Notable players include Starket, Polygon (MATIC), Optimism (OP), and Arbitrum (ARB).
🔹Cross-Pollination Among EVM Chains:
Ethereum's influence extends as BNB Chain (BNB) and Polygon attract the majority of "cross-pollination" from Ethereum's multichain developers. Surprisingly, 37% choose BNB, while 35% opt for Polygon.
🔹Developer Growth Trends:
Despite an overall 24% decrease in total monthly active developers in the crypto space, experienced developers, boasting over a year in crypto, witnessed a growth of 16% in 2023. Ethereum leads in attracting newcomers, welcoming over 16,700 new developers, nearly three times that of Polygon.
🔹Bitcoin's Development Landscape:
Bitcoin experiences a 19% YoY decline in development activity, with just over 1,000 monthly active developers. However, Layer-2 networks and scaling solutions on Bitcoin capture more than 40% of all open-source Bitcoin developers.
🔹Multichain Development Surge:
Multichain development activity has skyrocketed by 1,000% since 2015. As of December 2023, 30% of all monthly active developers are involved with at least two blockchains, reflecting a 125% increase since 2018.
The crypto development realm unmistakably favors EVM-compatible chains, underlining Ethereum's enduring influence. Despite challenges in specific ecosystems, the overarching trend signals growth, adaptability, and a heightened skill diversification among developers. The rise of multichain development paints a vibrant picture of the ever-evolving crypto landscape.
#EVM #BNBChain #ElectricCapital #Layer2 #blockchain
Squads Labs Secures $10 Million in Series A Funding to Revolutionize Onchain Asset Management
San Francisco-based Squads Labs has announced a successful $10 million Series A funding round, spearheaded by Electric Capital and joined by notable investors such as RockawayX, Coinbase Ventures, L1 Digital, Placeholder, and Mert Mumtaz. The startup plans to utilize this investment to further its mission of simplifying and securing onchain transactions and asset management through its innovative smart account technology.
Since its inception in 2021, Squads Labs has evolved from serving decentralized organizations to providing solutions for traditional enterprises as well, recognizing the growing importance of onchain operations across various sectors.
A Suite of Cutting-Edge Solutions
The company has developed a suite of products designed to streamline and secure onchain processes:
Squads Protocol: A robust smart account standard for Solana and SVM, currently safeguarding over $10 billion in assets.Squads App: A trusted platform used by over 250 teams to manage a wide range of onchain assets, including treasuries, program upgrade authorities, and tokens.Fuse: A user-friendly smart wallet for individuals, focusing on eliminating seed phrases and enhancing security through wallet recovery and two-factor authentication. Fuse is currently in public beta testing for iOS.
Looking Ahead
With the new funding, Squads Labs aims to:
Fortify the security and functionality of the Squads Protocol.Enhance the Squads App for a seamless user experience.Prepare for the full launch of Fuse to empower individuals to manage their digital wealth securely.Develop a comprehensive developer toolkit for SVM smart accounts.
Join the Movement
Squads Labs welcomes individuals and teams to be part of their journey:
Individuals: Download Fuse and join the Telegram group for updates.Teams on Solana: Create an account on the Squads App.Talent: If you're passionate about onchain innovation, reach out to the team.
Stay connected with Squads Labs as they continue to pioneer advancements in the onchain landscape.
#SquadsLabs #ElectricCapital #SquadsProtocol #Funding #SVM
Since its inception in 2021, Squads Labs has evolved from serving decentralized organizations to providing solutions for traditional enterprises as well, recognizing the growing importance of onchain operations across various sectors.
A Suite of Cutting-Edge Solutions
The company has developed a suite of products designed to streamline and secure onchain processes:
Squads Protocol: A robust smart account standard for Solana and SVM, currently safeguarding over $10 billion in assets.Squads App: A trusted platform used by over 250 teams to manage a wide range of onchain assets, including treasuries, program upgrade authorities, and tokens.Fuse: A user-friendly smart wallet for individuals, focusing on eliminating seed phrases and enhancing security through wallet recovery and two-factor authentication. Fuse is currently in public beta testing for iOS.
Looking Ahead
With the new funding, Squads Labs aims to:
Fortify the security and functionality of the Squads Protocol.Enhance the Squads App for a seamless user experience.Prepare for the full launch of Fuse to empower individuals to manage their digital wealth securely.Develop a comprehensive developer toolkit for SVM smart accounts.
Join the Movement
Squads Labs welcomes individuals and teams to be part of their journey:
Individuals: Download Fuse and join the Telegram group for updates.Teams on Solana: Create an account on the Squads App.Talent: If you're passionate about onchain innovation, reach out to the team.
Stay connected with Squads Labs as they continue to pioneer advancements in the onchain landscape.
#SquadsLabs #ElectricCapital #SquadsProtocol #Funding #SVM
