A $5 million private funding round is raised by the Cross-Chain Exchange Protocol.

The EigenLayer-based cross-chain exchange system Gasp has replaced the previous name Mangata Finance, according to BlockBeats. The business has declared the close of a fresh round of private financing, which brought in $5 million. Polychain Capital, CMS Holdings, Master Ventures, Token Metrics, and Cluster Capital were among the investors in this round of fundraising. With 30% of the overall capital, Cluster Capital made the largest contribution despite the lack of a lead investor. According to sources, this fundraising round has increased Gasp's FDV to eighty million dollars. As it continues to develop its cross-chain exchange protocol, Gasp has reached a critical milestone with the renaming and the successful investment round.$BTC $SOL