Radius Secures $1.7M in Pre-Seed Funding for Trustless Shared Sequencing Layer

Radius Secures $1.7M in Pre-Seed Funding for Trustless Shared Sequencing Layer

Time Stamp: June 22, 2023 3:59 AM
Source Node: 2142780

Radius, a cutting-edge blockchain firm that pioneered the trustless shared sequencing layer, has announced that it has secured $1.7 million in pre-seed funding. Hashed took the lead in the fundraising round, while Superscrypt, Lambdaclass (Ergodic Fund), and Crypto.com also took part.

Due to its scalability, rollups are a growing number of people’s preferred options for many applications, including DeFi. Properly decentralizing its operation and structuring economical design has emerged as the best alternative for the rollup-centric ecosystem.

Radius is committed to providing Rollups an affordable and long-lasting solution, shielding its customers from dangerous Miner Extractable Value (MEV). This is accomplished using Practical Verifiable Delay Encryption (PVDE), a ground-breaking zk technique created by Radius. While still increasing income for Rollups, the shared sequencing layer with PVDE guarantees that consumers are safeguarded against dangerous MEV in a genuinely trustless manner.

“Radius is committed to setting the standard for a trustless shared sequencing layer that not only maximizes revenue for Rollups but also safeguards users from the harmful effects of MEV,” says AJ Ji Hoon Park. “This funding will propel us forward in achieving our goals and redefining the boundaries of what is possible in the blockchain sphere.”

Along with joining the Celestia Ecosystem, Radius recently disclosed a relationship with Saga and the Rollup-as-a-Service. Through this agreement, the rollup technology will grow further, and the blockchain ecosystem’s security will be improved.

Along with these successes, Radius is now developing 360, an MEV-resistant decentralized exchange. This new DEX is anticipated to dramatically improve user experience and security in the DeFi market thanks to Radius’ shared sequencing layer. 

Radius recently organized a conference titled “Scaling 2023: The Renaissance” as part of their ongoing interaction with the larger blockchain community. Famous speakers from organizations like Starkware, Flashbots, and Osmosis spoke at the event, which further cemented Radius’ reputation as an industry thought leader.

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