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AVAIL
Ended--
Last price (USDT)
151.62K
24h total (USDT)
250.92K
Total vol (USDT)
2024-06-28 10:00:00 ~ 2024-07-23 11:30:00
Trading time (UTC+0)
2024-07-23 16:00:00
Delivery time (UTC+0)
Total supply10.57B
Resources
Introduction
Avail is a Web3 infrastructure layer that allows modular execution layers to scale and interoperate in a trust-minimized way.
Avail announces acquisition of chain abstraction protocol Arcana
modular blockchain infrastructure project Avail has acquired the chain abstraction protocol Arcana. According to the acquisition agreement, the Avail Foundation will receive the entire supply of Arcana's XAR tokens, and existing XAR holders can exchange tokens for AVAIL at a ratio of 4:1. The exchanged tokens will be unlocked in stages over 6 and 12 months, while the tokens of the Arcana team will be gradually unlocked over 3 years. Arcana's chain abstraction and developer tools will be integrated into Avail's tech stack, and most of its team members will also join Avail.
Avail Unifies Chains with Arcana’s Tech, Paving New Crypto Infrastructure
Avail, a modular blockchain infrastructure project supported by Founders Fund and other prominent investors, has finalized the acquisition of Arcana, a chain abstraction protocol. The transaction marks Avail’s first major acquisition and is designed to enhance multichain scalability and user experience. Under the terms of the agreement, Arcana’s chain abstraction and developer tools will be integrated into Avail’s infrastructure. Additionally, the Avail Foundation has acquired 100% of Arcana’s XAR token supply, offering existing holders the opportunity to swap their XAR tokens for AVAIL at a 4:1 ratio. The token unlocking process will occur over six to twelve months for most participants, while Arcana team tokens will vest over a three-year period [1]. This strategic move aligns with Avail’s broader vision of creating a unified multichain infrastructure that simplifies interactions across various blockchains. Chain abstraction, a design approach that reduces the complexity of cross-chain operations, enables users to interact with multiple networks as if they were a single ecosystem. Arcana’s co-founder and CEO, Mayur Relekar, emphasized that the integration of its chain abstraction SDK and wallet will allow Avail to scale its mission of seamless user experiences across chains [1]. Avail co-founder Anurag Arjun noted that Arcana’s expertise complements Avail’s goals of instant liquidity movement, cross-ecosystem application scaling, and intuitive user interfaces [1]. Arcana, which previously focused on building a storage layer for Ethereum and a privacy stack, shifted its focus to chain abstraction in mid-2023 to address liquidity fragmentation. Before the acquisition, Arcana had raised approximately $5.5 million in funding from investors including Digital Currency Group, Republic, Sandeep Nailwal, and Balaji Srinivasan [1]. Avail, on the other hand, spun out of Polygon in 2023 and has secured $75 million in total funding from Founders Fund, Dragonfly, Cyber Fund, Hashkey Capital, and Foresight Ventures. Avail co-founder Prabal Banerjee confirmed that acquisition discussions began in April 2025, with the deal now fully closed [1]. With this acquisition, the combined team size of Avail and Arcana now exceeds 55, with plans for further hiring. Arcana’s leadership and core development team will transition to Avail, and its ecosystem partners—including Avalanche , BNB Chain, Polygon, Scroll, Linea, and Renzo—are expected to integrate into Avail’s ecosystem. Avail’s existing ecosystem includes Ethereum, Optimism , Arbitrum, and other major chains. The goal is to unify cross-chain balances, intent-based execution, and in-app experiences, aiming to create a robust foundation for the next wave of crypto adoption [1]. Avail has positioned the acquisition as a pivotal step in building global financial primitives with interoperability, compliance, and privacy as key considerations. The project envisions a future in which institutions can trust a single unified layer for tokenized assets, stablecoins, and real-world assets. While the AVAIL token has seen a slight decline, currently trading at around $0.012, the XAR token has shown a modest increase of about 3.6%, trading at $0.0031 [1]. This acquisition underscores Avail’s commitment to advancing modular blockchain infrastructure and enhancing the scalability and accessibility of decentralized applications. Source: [1] Founders Fund-backed Avail acquires Arcana, offering ... [2] Avail announces the acquisition of the chain abstraction ... [3] Founders Fund-backed Avail has acquired Arcana, offering ...
Avail announces acquisition of chain abstraction protocol Arcana, XAR tokens to be exchanged for AVAIL at a 4:1 ratio
ChainCatcher news, according to The Block, the modular blockchain infrastructure project Avail has officially completed the strategic acquisition of the chain abstraction protocol Arcana. According to the integration plan, all XAR tokens will be exchanged for AVAIL tokens at a ratio of 4:1. Arcana's core technical tools will be fully integrated into the Avail technology stack, and its core development team will also join the Avail project. Regarding the token unlocking mechanism, the AVAIL tokens obtained through the exchange will adopt a linear unlocking period of 6 to 12 months, while the tokens held by the original Arcana team will have an unlocking arrangement of up to 3 years.
Avail announces acquisition of chain abstraction protocol Arcana
Jinse Finance reported that the modular blockchain infrastructure project Avail has acquired the chain abstraction protocol Arcana. According to the acquisition agreement, the Avail Foundation will obtain the entire XAR token supply of Arcana, and existing XAR holders can swap their tokens for AVAIL at a 4:1 ratio. The swapped tokens will be unlocked in phases over 6 and 12 months, while the Arcana team's tokens will be gradually unlocked over 3 years. Arcana's chain abstraction and developer tools will be integrated into Avail's technology stack, and most of Arcana's team members will also join Avail.
Founders Fund-backed Avail acquires Arcana, offering XAR token holders 4:1 swap into AVAIL
Avail, a modular blockchain infrastructure project backed by Peter Thiel's Founders Fund and other notable investors, has acquired Arcana, a chain abstraction protocol, in a deal aimed at boosting multichain scalability. The acquisition is Avail’s first and will see Arcana’s chain abstraction and developer tools folded into the Avail tech stack. As part of the deal, the Avail Foundation has acquired 100% of Arcana’s XAR token supply, which existing holders can swap for AVAIL at a 4:1 ratio. Unlocks will be phased over six and twelve months, while Arcana team tokens will vest over three years. The AVAIL token is down over 7% in the past 24 hours, currently trading at about $0.012, while the XAR token is up about 3.6% at around $0.0031, according to The Block’s price pages. Arcana was initially building a “storage layer of Ethereum” and a privacy stack before pivoting to chain abstraction in mid-2023 to tackle liquidity fragmentation. “Our chain abstraction software development kit and Arcana wallet were built to remove complexity for developers and users alike," said Arcana co-founder and CEO Mayur Relekar. "Joining Avail allows us to scale that mission to its fullest potential." Chain abstraction is a design approach that simplifies user experience across multiple blockchains by hiding cross-chain complexity like gas management, bridging, and swaps. The aim is to let users interact with different networks as if they were one, similar to how people use the internet without worrying about underlying servers or protocols. Arcana's "expertise in chain abstraction and in-app experiences perfectly complements our vision of the future where liquidity moves instantly, applications scale across ecosystems, and the user experience feels as seamless as the internet of today," said Anurag Arjun, co-founder of Avail. Arcana has raised about $5.5 million in funding to date from investors including Digital Currency Group, Republic, Sandeep Nailwal, and Balaji Srinivasan, Relekar said. Avail, which spun out of Polygon in 2023, has raised $75 million in total funding to date from investors including Founders Fund, Dragonfly, Cyber Fund, Hashkey Capital, and Foresight Ventures. Avail's other co-founder, Prabal Banerjee, told The Block that acquisition talks began in April 2025 and the deal has now fully closed. Financial terms beyond the token swap structure were not disclosed. Most of Arcana’s leadership and staff will transition into Avail, bringing the combined team size to over 55, with further hiring planned, Arjun said. Arcana’s ecosystem partners — including Avalanche, BNB Chain, Polygon, Scroll, Linea, and Renzo — will fold into the Avail ecosystem. Avail’s own ecosystem spans Ethereum, Optimism, Polygon, Arbitrum, Avalanche, Base, and Hyperliquid. With the acquisition, Avail aims to unify balances, intent-based execution, and in-app user experiences across chains. The bet is that unified multichain infrastructure will form the rails for the next wave of crypto adoption. "Institutions to trust a unified layer for tokenized assets, stablecoins, and real-world assets. Build global financial primitives with interoperability, compliance, and privacy as required," the project said. The Funding newsletter: Stay on top of the latest crypto VC funding and M&A deals, news, and trends with my free bi-monthly newsletter, The Funding. Sign up here !
Avail aims to revolutionize blockchain with a universal unification layer
Blockchains scaled—and then splintered. Liquidity scattered across L2s, bridges kept breaking, and “data availability” turned into the new bottleneck. Avail wants to solve all three at once. Founded to deliver verifiable, scalable data availability, the project now positions itself as a full-stack unification layer: a DA base, Nexus for proof-based interoperability, and Fusion for shared security that can restake ETH, BTC, and rollup tokens. The thesis is simple but ambitious: developers should build once and scale everywhere; users shouldn’t have to think about chains at all. In this CryptoSlate Q&A, Avail co-founder Anurag Arjun walks us through how that thesis is moving from roadmap to reality. We start with a real-world stress test: Sophon’s $60 million node sale, which extended Avail’s light client to production scale and hinted at new, verifiable fundraising primitives for app-specific chains. From there, we dig into EnigmaDA—encrypted data availability designed to meet institutional privacy mandates without re-introducing trusted intermediaries—along with how banks and TradFi pilots can reconcile encryption, key management, and auditability on-chain. Interoperability is the other pillar. Rather than another bridge, Nexus promises “one SDK, nine chains, no network switching,” aiming to route flows across multichain stablecoin and DeFi liquidity while minimizing replay and quorum risks with TEE and ZK verification. On the user side, Avail’s light client targets <1 MB/s bandwidth and runs on phones and browsers via data-availability sampling and validity proofs—pushing “a full node in your pocket” toward emerging markets. We also explore the speed-vs-decentralization trade-offs behind TurboDA’s 250 ms pre-confirmations and the team’s “infinity blocks” research goal of 10 GB blocks in ~600 ms; the validator-set growth path from 105 validators and a Nakamoto coefficient of 34; and what Avail is learning from flagship deployments like Lens Chain (650k profiles) and Sophon. With 50+ integrations in the queue, Arjun outlines how Avail triages partners for technical fit, ecosystem value, and compliance—plus how community growth (600k+ members in year one) is anchored in builder activity rather than vanity metrics. If Avail is right, the next phase of crypto won’t be “L2 vs. L2” but app-centric rollups speaking a common, proof-based language—privacy-aware when needed, credibly neutral by design, and finally usable at internet scale. Read on for the full conversation. The post Avail aims to revolutionize blockchain with a universal unification layer appeared first on CryptoSlate.
Next week will see major token unlocks for AVAIL, VENOM, ALT, and others
According to Jinse Finance, data from Token Unlocks shows that tokens such as AVAIL, VENOM, and ALT will undergo significant unlocks next week (all times in UTC+8). Specifically: Avail (AVAIL) will unlock approximately 972 million tokens at 4:00 PM on July 23, accounting for 38.23% of the current circulating supply, valued at around $18.9 million; Venom (VENOM) will unlock about 59.26 million tokens at 4:00 PM on July 25, representing 2.84% of the current circulating supply, valued at approximately $13.4 million; AltLayer (ALT) will unlock around 240 million tokens at 6:00 PM on July 25, making up 6.39% of the current circulating supply, valued at about $8.9 million; Sahara AI (SAHARA) will unlock roughly 84.27 million tokens at 8:00 PM on July 26, which is 4.13% of the current circulating supply, valued at around $6.9 million; SOON (SOON) will unlock about 41.88 million tokens at 4:30 PM on July 23, accounting for 22.41% of the current circulating supply, valued at approximately $6.1 million.
Undervalued But Powerful: 5 Crypto Tokens Below $5M Market Cap That Could Skyrocket by 3x–7x
Peaq, Avail, and Blast are exploring advanced blockchain use cases in identity, interoperability, and Ethereum scaling. SuperRare and Celer Network are reemerging in niche markets like digital art and cross-chain liquidity. All five tokens are trading below $5, with a combined market cap of $5M, suggesting asymmetric upside potential amid wider market risk. Crypto markets frequently shift their focus from high-cap leaders to overlooked micro-cap projects that deliver foundational technology. Amid this trend, Peaq, Avail, Blast, SuperRare, and Celer Network remain undervalued relative to their ongoing product development. These projects operate in various sectors, including machine identity, digital art, interoperability, and blockchain scaling. Their current valuations—below $5 million—reflect market neglect rather than technical failure. If adoption metrics improve, the upside could extend from 3x to potentially 7x in favorable market conditions. However, such speculative investments carry equally significant downside risk in a volatile macroeconomic environment. Peaq (PEAQ): Expanding Decentralized Identity in IoT Peaq is establishing itself as a decentralized machine identity network for Internet of Things (IoT) and mobility ecosystems. Its vision to enable connected devices—like autonomous vehicles and smart infrastructure—to manage their own blockchain-based identities remains exceptional within the crypto space. Unlike most identity solutions, Peaq targets machines rather than people. Industry observers highlight Peaq’s participation in multi-stakeholder consortia and testbeds in Europe, demonstrating practical blockchain integration outside the DeFi bubble. Still in its early stages, the platform faces adoption and scaling hurdles, but the technical roadmap outlines a revolutionary approach to real-world Web3 identity management. Avail (AVAIL): Reinventing Blockchain Data Layers Avail’s modular blockchain approach separates consensus from data availability, creating a new standard for how Layer-2s and Layer-3s secure their information. This separation allows for faster, lighter chains that can interoperate efficiently. 》11 $AVAIL | @AvailProject ❖ Infra for modular rollup networks focused on data availability and shared security ❖ Powers Layer 2 scaling with sovereign chains built on shared trust ❖ MC: $50.3M ❖ CA: 0xEeB4d8400AEefafC1B2953e0094134A887C76Bd8 pic.twitter.com/n8Uz4m8IOj — Leviathan (@TechLeviathan) July 7, 2025 Its approach is unmatched among emerging modular blockchain solutions, aiming to solve Ethereum’s and other blockchains’ data bottlenecks. Recent testnets and developer traction point to growing interest, yet Avail’s market recognition lags behind competitors, reflecting a mispricing in its market cap. Blast (BLAST): Layer-2 Yield Dynamics and Ethereum Scalability Blast enters the saturated Layer-2 landscape with a unique proposition: native yield generation for staked assets on the chain itself. Unlike competitors focused solely on gas savings and transaction throughput, Blast integrates passive income opportunities directly into its architecture. Its launch has attracted developers experimenting with DeFi protocols that leverage this dynamic yield mechanism. Analysts describe its staking features as both innovative and high-yield, though long-term sustainability remains to be proven. SuperRare (RARE): Digital Art Platform Adjusting to New NFT Cycles SuperRare, a digital art marketplace for NFTs that started during the NFT boom, has survived the broader market downturn by focusing on high-end, curated art rather than mass-market collectibles. Though trading volume has dropped precipitously, its artist and collector community remains active. SuperRare’s curation of high-end art distinguishes it from larger but less focused NFT marketplaces. With the NFT market moving towards quality over quantity, SuperRare’s strategy could be poised to benefit. However, its small cap suggests that investors’ confidence is still to be regained. Celer Network (CELR): Quiet Leader in Blockchain Interoperability Celer Network has been working on cross-chain solutions long before interoperability became a major industry focus. Its cBridge product and Inter-chain Messaging Framework enable liquidity and data transfers across various blockchains. Celer recently expanded support to modular chains and Ethereum rollups, strengthening its role as a backend interoperability provider. Undervalued Builders in a Risky Market All five tokens reflect a broader pattern: market capitalization below $5 million but steady technical progress. While these projects have demonstrated advanced use cases and partnerships, the market has not priced in their potential future adoption. Whether these projects can overcome market headwinds and scalability challenges will determine if their valuations truly multiply in the next crypto cycle. For now, they remain quiet but compelling components of a watchlist for informed investors.
Lumia and Avail team up for secure, scalable real-world asset tokenization
Lumia, a blockchain platform focused on real-world asset (RWA) tokenization, is rolling out a new cross-chain model through a strategic integration with Avail Stack, according to a statement shared with CryptoSlate. The partnership aims to improve how tokenized assets are created, verified, and moved across different blockchain networks. Through this integration, Lumia will access Avail’s modular infrastructure, which is designed to tackle blockchain fragmentation. Avail Stack’s core tools include scalable data availability, secure asset messaging, and cross-chain communication protocols. Lumia plans to leverage these features to enable seamless liquidity for tokenized assets across chains while preserving security and data integrity. Meanwhile, a key component of this upgrade is Avail Nexus. This messaging layer allows for the secure transfer of assets and the verification of data without relying on centralized systems. Anurag Arjun, the co-founder of Avail, said: “The full potential of tokenization will only be realized when assets are liquid, programmable, and globally verifiable. To enable that, we need infrastructure that guarantees a composable and interoperable environment; one where tokenized assets aren’t locked into singular ecosystems, but can move freely across chains with compliance, security and scalability embedded at the base layer.” Scaling real-world assets The move aligns with Lumia’s broader vision of bringing RWAs into mainstream crypto finance. The platform already supports tokenized real estate projects worth over $220 million, including two significant developments in Istanbul. Lumia has also signed a $1 billion asset agreement with the Sen Group and distributed over 25,000 HyperNodes. Lumia offers tokenization services for various assets, including real estate, luxury goods, and commodities. It uses Polygon’s CDK to implement zero-knowledge security and maintain compliance with global regulations. The upcoming launch of Lumia Hub will allow developers and users to tokenize and manage RWAs using lightweight NFT and smart contract tools. The platform is positioning itself for what analysts say could be a $16 trillion tokenization market by 2030. According to CEO Kal Ali, the need for scalable, secure RWA infrastructure is growing rapidly as institutions look to tap into blockchain-based finance. The post Lumia and Avail team up for secure, scalable real-world asset tokenization appeared first on CryptoSlate.
Designing for the Real World: Reflections on building with the Finternet
The following is a guest post and opinion from Anurag Arjun, Co-Founder of Avail. The next financial architecture won’t just move money faster — it will make value, identity, and rights verifiable and enforceable across fragmented systems and real-world institutions. Every time we build a new payment system, we rebuild the rails. Every new identity solution operates in isolation. “It’s like building a new road for every car we manufacture,” Siddharth Shetty said to me during an in-depth conversation we had in Dubai. After a decade of blockchain innovation, we’ve made transactions faster… but we’re still failing to coordinate value, identity, and agreements at scale. The problem isn’t speed. It’s that the roads don’t connect. Siddharth, as many of you may know, is the co-creator of the Finternet — a financial infrastructure framework first articulated in a seminal paper by Nandan Nilekani and Agustín Carstens (BIS) in 2024. He’s also a key architect of India’s digital public infrastructure, has been a driving force behind India’s pioneering digital initiatives, and has advised multiple international governments on digital infrastructure strategies. As our discussion unfolded, it was clear this wasn’t just about technology or policy. Siddharth’s vision for the Finternet is bold: a financial infrastructure that mirrors the openness and interoperability of the internet, yet with the safeguards, verifiability, and enforceability required for modern financial systems to truly work. The vision is that of, as he put it, “a world where value can move with the same fluidity as information does today.” Reimagining the Roads A fundamental problem with how financial infrastructure is built today is that it’s fragmented, siloed, and often reinvented from scratch for every new use case. Each new financial product or service comes with the overhead of creating its own infrastructure. Cross-border connections are managed through costly bilateral arrangements, and global coordination is limited to a few proprietary networks. The result is a global financial system that is fast at the edges but fractured at its core. Even the most advanced economies are tangled in a web of bilateral connections, fragmented ledgers, and disconnected identity systems. Imagine trying to apply for a mortgage when your credit score is locked in a different financial system. Pledging collateral today often means syncing three separate systems: the asset ledger, the legal registry, and the lending platform — all through brittle integrations and reconciliation workarounds. This isn’t just a technology gap. It’s a coordination gap. At its core, the Finternet is a vision for user-centric, unified, and universal financial coordination. It’s not just about making payments faster or standardizing asset structures. It’s about re-architecting the foundational highways of finance using cryptographic tools and verifiable credentials to make ownership verifiable, rights enforceable, and agreements executable across systems and jurisdictions. By doing so, it unlocks new opportunities for businesses, individuals, and institutions — enabling broader participation in secure, scalable financial ecosystems. Why the Finternet Is Different While there have been several attempts at delivering the long-sought promise of an “internet of value,” the Finternet stands apart through pragmatic architectural choices and institutional integration. Unlike earlier efforts that either fragmented into closed systems or attempted to bypass institutions entirely, the Finternet is structured as an open infrastructure layer, much like the TCP/IP of finance. It doesn’t seek to reinvent every wheel or discard what works. Instead, it builds coordination into the architecture itself, allowing digital assets, identity credentials, compliance rules, and legal oversight to interoperate seamlessly. After years of building in the blockchain space, I’ve seen how far we’ve come in making value move faster. But speed alone doesn’t solve coordination. Bridging the crypto-native world with real-world systems requires more than faster rails — it demands highways that can interconnect digital assets, verified identities, and institutional rules seamlessly. This approach piqued my interest because it doesn’t ignore the complexities of the real world, but rather is designed to work within them. Shared digital infrastructure like the Finternet can offer a coordination layer where technology-enabled and institutional trust can both operate side by side. Scaling what works is very different from what works at scale. That’s the shift in mindset we need — not just better blockchains, but better systems. Systems that can flex across jurisdictions, asset types, and levels of institutional maturity. Back to the Future: A Return to Verifiability and Transactability Siddharth shared an interesting analogy that stuck with me: “It’s sort of a back to the future situation. In the physical world, you had these tokens such as currency notes, paper shares, and property deeds. You could hand them to someone, and the transaction was done. The proof traveled with the object.” It’s simple, powerful, and most importantly, self-contained. With physical transactions in cash or coins or some other currency, verification doesn’t require external systems to be online, synced, or integrated. Trust is embedded in the physical currency itself. If you take a step back and think about it, in digitizing finance, what we gained in scalability and efficiency, we lost in simplicity. Now, a token might live on one ledger, its ownership credential on another, and the relevant legal rules in an entirely different system. To complete even a basic transaction, we rely on a fragile choreography of APIs, bilateral integrations, and institutional intermediaries. The result? Slowness, complexity, and fragmentation. At its core, a modern financial architecture must seek to restore the simplicity and autonomy we once had in the physical world — but with the advantages of programmability. This requires two foundational capabilities: verifiability, or the ability to independently prove the provenance and validity of an identity, credential, or asset without needing to constantly ping the original issuer; and transactability, the ability to execute meaningful, state-changing actions like renting a property, pledging collateral, or transferring ownership through cryptographic flows that are enforceable, auditable, and usable across systems. These terms may sound technical, but they speak to something deeply human: the ability to act with confidence, autonomy, and recognition in a system you can’t fully see. It puts the user back at the center. We’ve spent the last decade building the underlying technology stack. The next decade is about building systems and integrating them into real-world scenarios — systems that don’t just move money, but carry rights, rules, and recognition. That don’t just transact, but coordinate. That work across borders, even when users don’t know what the underlying technology may be. A New Canvas for Builders Many of these ideas are no longer abstract. Real pilots are happening across property, energy, capital markets, and stablecoins. Finternet Labs is collaborating with institutions, financial firms, and crypto-native builders to test verifiable credentials, programmable flows, and interoperable ledgers. The tech stack is maturing; now the focus is on usability, adoption, and operating models. This journey has clarified blockchain’s real potential. While strong in ledger infrastructure and transaction rails, blockchain still struggles with integrating real-world assets, provenance, and off-chain verification. The challenge is to connect crypto-native tools with real-world coordination, enabling secure, cross-system enforcement of assets and agreements. After a decade of building the tech stack, the next phase is real-world integration — systems that move not just money, but rights, rules, and coordination, across borders and without requiring users to understand the underlying tech. This is the work ahead. For developers, this is a call to build applications that hide cryptographic complexity while preserving verifiability, privacy, and compliance — think programmable wallets, interoperable contracts, and interfaces that make trust legible without exposing the underlying rails. For institutions, it’s a chance to engage in shared infrastructure by issuing tokenized assets, validating credentials, or integrating programmable services into existing systems — driving innovation in financial products. For regulators and policymakers, it’s a moment to help shape financial systems by focusing less on enforcement and more on embedding trust, accountability, and user protection into programmable infrastructure. The Finternet is one possible path forward — a practical framework for aligning digital asset innovation with institutional trust and global usability. It’s still early enough to shape, and the canvas is wide open. What matters now is not just building better vehicles, but ensuring we’re building roads that connect everyone, everywhere. The post Designing for the Real World: Reflections on building with the Finternet appeared first on CryptoSlate.
Taiko’s Based Rollup Summit Heads to Cannes to Shape the Future of Ethereum Scaling
Taiko, the first based rollup on Ethereum, is gathering the leaders of the Ethereum community to discuss scaling Ethereum for a successful future for the Based Rollup Summit on July 1st. The event will feature speakers including Ethereum researcher Justin Drake, Co-Director of the Ethereum Foundation Tomasz Stańczak, Celo Labs Founder Marek Olszwekski among others. “The summit comes at a time when Ethereum’s rollup-centric roadmap is maturing, and the need for robust, decentralized infrastructure is more urgent than ever,” said Joaquin Mendes, COO of Taiko. Following its successful debut in San Francisco earlier this year, the Cannes edition of the summit is expected to draw more than 600 developers, researchers, and protocol architects from across the Ethereum ecosystem. Leading Ethereum projects will be discussing based sequencing design, based preconfirmations and how Ethereum should consider its future with Layer 2s. Attendees will hear from Gattaca, ETHGas, SSV Network, OpenZeppelin, Avail, Nethermind, Luban, SNZ, Fabric/Commit Boost, Hashed, Starkware, Self, Boundless (Risc0), and Zerobase. Participants will share the latest trends in the based rollup ecosystem, especially the development and implementation of preconfirmations. This is an opportunity for those attending EthCC to take some time out to really dig into based scaling specifically, while considering it in the larger Ethereum development context. As rollups continue to evolve beyond simple L2 scaling solutions into programmable, self-sovereign infrastructure layers, the Based Rollup Summit represents a crucial checkpoint in Ethereum’s development. It is a space for testing ideas, forging collaborations, and building the future. For more information and to register, visit: website
Lumia integrates modular cross-chain infrastructure through Avail collaboration
Real-world asset tokenization platform Lumia is integrating Avail into its on-chain infrastructure, marking a shift from siloed blockchains to a modular, interoperable infrastructure. According to a press release received by crypto.news, the collaboration will integrate the Avail Stack infrastructure into the RWA chain to unlock more liquidity and interoperability and ensure data-level secure verification for tokenized real-world assets. The Avail Stack is a full-stack blockchain infrastructure solution designed to address scalability, interoperability, and liquidity challenges in the blockchain space. It combines three core components, which includes data availability, cross-chain layering, and Avail’s security mechanism. Its Avail Nexus provides multichain messaging and secure asset movement, laying out the foundation for cross‑chain RWA liquidity. With access to Nexus, Lumia can support multi-chain RWA liquidity as part of its efforts to expand on cross-chain operations. The partnership marks a shift in the infrastructure built on Lumia as it moves away from the traditional siloed blockchains to a more modular and interoperable infrastructure. It equips the RWA Chain with Avail’s scalable data‑availability layer, which features KZG polynomial commitments, Data Availability Sampling, erasure coding, and light‑client architecture. The Avail and Lumia integration is scheduled to debut along with major other functionalities and upgrades, such as Lumia Hub, which will launch with Avail DA integration. The upgrade will allow users and builders to issue tokenized RWAs with light-node NFT functionalities. Co-founder and CEO at Lumia.org, Kal Ali said that the use of blockchain technology in mainstream society is increasing with every year that passes by. He also stated multiple sources cite a growth of more than 60% in terms of Compound Annual Growth Rate. “This means more people are becoming crypto-literate, more are discovering new investment vehicles, and demand for RWA tokenization is higher than ever,” said Ali. Echoing Ali’s sentiments, Avail co-founder Anurag Arjun said the potential of tokenization will fully be realized once assets can be liquified, programmable, and globally verifiable on a data-level. “We need infrastructure that guarantees a composable and interoperable environment; one where tokenized assets aren’t locked into singular ecosystems, but can move freely across chains with compliance, security and scalability embedded at the base layer,” said Arjun. According to a joint study by Ripple ( XRP ) and Boston Consulting Group, the global market size for tokenized assets could reach as high as $18.9 trillion by 2033. This rapid growth in adoption is mostly due to the rise in institutional demand for blockchain technology and tokenization of assets.
Bitget Onchain Trading Launches Tokens Including LOT, CSTAR, and AVAIL
Odaily Planet Daily reports that Bitget Onchain has listed the MEME tokens LOT, CSTAR, AVAIL, and PWC from the Solana and BNB Smart Chain ecosystems. Users can start trading these tokens directly in the Onchain trading section.
DeFi at a crossroads: The SEC’s new stance could change everything | Opinion
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. If you’d told me last year that the United States Securities and Exchange Commission commissioners would be defending self-custody of assets and talking about innovation sandboxes for DeFi, I would have raised an eyebrow. But here we are. You might also like: DeFi needs a (healthy) dose of paranoia about risk management | Opinion At the SEC’s recent Crypto Task Force roundtable, something unexpected happened. Regulators showed a level of openness that would have sounded impossible even a year ago. They talked about the importance of self-custody, acknowledged that publishing smart contract code is (almost) a form of protected speech, and even floated the idea of giving builders conditional exemptions or innovation spaces to experiment. Actual breathing room. Now, I get it. In an industry so used to regulatory whiplash, this might not feel like headline news. But this shift has global implications. The U.S., as we know, plays an outsized role in how financial markets evolve. A shift like this in the U.S. doesn’t stay in the U.S. for long. It shapes global attitudes, moves institutional comfort zones, and opens the door for programmable finance to step into the mainstream. If you’re a builder, this is a moment to lean in and pay attention. And if you’re a policymaker outside the U.S., this is your cue: what’s changing here matters far beyond American borders. The world is moving toward programmable finance Most existing crypto regulation is still rooted in a playbook designed for a very different era—a world where finance relied on multiple layers of intermediaries and siloed infrastructure. But the systems we’re designing today look nothing like that. Smart contracts are quietly replacing broker-dealers. Wallets can act as both identity layers and private banks. Tokenized assets can carry their own compliance logic. It’s not just incremental innovation—it’s a new financial architecture. And that’s why it’s encouraging to see regulators starting to say, “Maybe we need to rethink our assumptions.” Because they’re finally speaking the language of programmable finance. And that changes the energy from resistance to potential collaboration. There’s real data behind the shift. SEC enforcement actions on crypto dropped by 30% in 2024 compared to the previous year. In early 2025, the agency dropped its case against Coinbase and paused others. It repealed SAB 121, a burdensome rule that had sidelined crypto custody by banks. And it launched a dedicated Crypto Task Force with a stated goal of building a more “workable framework.” For anyone who has built through the fog of regulatory uncertainty, this is an inflection point. Not because everything is fixed, but because for the first time in years, the signal is: let’s figure this out together. The global opportunity: Regulation as infrastructure If you zoom out, the challenge facing regulators isn’t that different from what developers face in a multi-chain world—fragmentation, inefficiency, and poor interoperability. DeFi doesn’t care where borders are drawn. Capital flows, token standards, identity primitives—these are all global by design. It can’t thrive under over 190 different regulatory silos. When every jurisdiction defines tokens differently or mandates conflicting custody rules, we don’t just get compliance headaches; we break the interoperability and composability that make decentralized systems so powerful in the first place. So the real risk here is regulatory fragmentation. Solving it requires thinking about regulation not just as a gatekeeper, but as infrastructure. Interoperability can’t stop at the blockchain layer. It has to extend into policy, legal architecture, and how we think about financial systems overall. That doesn’t mean every country needs to adopt identical laws. But it does mean agreeing on a few important principles. For example, self-custody should be recognized as a legitimate form of ownership. Programmable compliance can be just as trustworthy as traditional paper-based audits. And so on. This is especially urgent as institutions begin to engage in real ways. The building blocks are already here. Franklin Templeton’s on-chain money market fund is managing over $762 million. JPMorgan is testing cross-chain treasury settlement flows. Ondo Finance is integrating with Mastercard to support 24/7 access to tokenized treasuries. BlackRock’s BUIDL fund, with almost $2.9 billion in assets, shows that institutional momentum is growing fast. But none of this scales if the regulatory fabric underneath stays fragmented. The alternative to this collaborative approach is a costly race to the bottom—or worse, irrelevance. Jurisdictions clinging to outdated regulatory models risk stifling innovation, driving away capital, and ceding leadership to more forward-thinking nations. Builders, the window is open What is critically needed next isn’t rigid uniformity across jurisdictions, but effective coordination among regulatory bodies. In the same way the industry spent years building protocol-level interoperability, we now need regulatory composability too. Across the ecosystem, we’re seeing the rise of compliance middleware—tools that let builders integrate checks without giving up decentralization. Zero-knowledge proofs are moving from whitepapers into real implementations. Liquidity is becoming more fluid across chains, with apps executing in one place but sourcing assets from many. The rails are getting real. And now the regulatory narrative isn’t working against that—it’s facilitating this transformation. Don’t wait for perfect clarity Regulatory environments are never static. What matters is whether they are moving in the right direction. The U.S. is currently demonstrating leadership in this space, offering a blueprint that other nations can adapt. This approach fosters clarity without rigidity and promotes innovation without chaos. If you’re a regulator in another country, this is an opportunity to learn from the U.S. shift. Move away from adversarial enforcement and lean into what programmable finance can enable. Move quickly: establish innovation spaces, and proactively engage with other regulators to harmonize core principles rather than waiting for fully formed, potentially divergent frameworks. If you’re a builder, this is your chance to build with purpose. Engage early. Be transparent. Show how your system can meet the goals that regulation is supposed to serve. Rapidly prototype solutions that integrate compliance by design, and proactively seek dialogue with newly formed regulatory bodies and innovation sandboxes. This is the moment to demonstrate how programmable finance can elevate, not undermine, financial integrity and consumer protection. If you’re an institution, look past the headlines. Rapidly prototype, build internal digital asset expertise, and partner with DeFi innovators to integrate programmable finance now, instead of waiting for off-the-shelf solutions. The infrastructure is already here. Products are shipping. The market is evolving fast. Programmable finance won’t replace the system overnight. But it is building a parallel one that’s more open, more composable, and increasingly institutional-grade. Let’s not miss this moment to shape it. Read more: Compliance as a catalyst: The key to mass adoption and the future of crypto | Opinion Anurag Arjun Anurag Arjun is the co-founder of Avail, a unified foundation for rollups to scale horizontally, share liquidity, move assets trustlessly, communicate permissionlessly, along with a multi-token economic security. He entered the blockchain industry in 2017, founding Matic Network, which evolved into Polygon Labs. By 2020, he launched Avail within the Polygon ecosystem, utilizing his background in research, economics, and engineering. In March 2023, he spun out Avail as an independent project. Anurag is a seasoned entrepreneur who has founded several successful startups across diverse industries, ranging from cash flow lending to regulatory tech. His expertise and vision continue to drive Avail’s success and position the company at the forefront of the blockchain revolution.
Avail Goes Full Stack to Capture $300bn Global Blockchain Infra Market
June 17th, 2025 – Dubai, UAE The only stack that delivers horizontal scalability, crosschain connectivity, and unified liquidity, without compromising on decentralization. Avail , backed by Founders Fund, Dragonfly, and other top VCs, is powering some of Web3’s most forward-looking projects, including Lens, Sophon, Space & Time, Lumia, Skate, and leading institutional tokenization platforms. The rollout of the full Avail Stack enables seamless connections between chains to build a scalable and interoperable blockchain in the future. Avail is focused on building an interconnected Web3 that allows networks to move assets and communicate while abstracting away user complexities to create a unified in-app experience. The Avail Stack, a full-scale blockchain infrastructure solution, comprises Avail Nexus, Avail Fusion and Avail DA as well as a suite of products and functionality upgrades, including Turbo DA, Enigma DA upgrade, Light Clients, catering to a range of audiences; both Web3 native startups and traditional Web2 giants. Blockchain Infrastructure: A $300B Market According to Grand View Research , the global blockchain market is projected to grow from $31.3 billion in 2024 to $1.43 trillion by 2030, with infrastructure alone expected to reach $306 billion , driven by modularity, institutional demand, scalable tech, and tokenization. When Avail launched its purpose-built data availability (DA) layer on mainnet in July 2024, it set out to revamp the concept of blockchain scalability. The founding team was clear in its vision of broadening the scope of functionality so that blockchain could reach mass adoption. As Ethereum doubled down on its rollup-centric roadmap, the limitations of the current blockchain models became clear; bridges were brittle, liquidity fragmented, and developers faced friction rewriting logic across chains. Innovation slowed, and VC investment declined, as noted in S&P Global’s 2024 report . Despite market headwinds, Avail raised $75 million in 2024 from top investors under the leadership of Anurag Arjun (former Polygon co-founder) and Prabal Banerjee (former Polygon research lead), to build their vision of how blockchain experiences should be. The Avail Stack The Avail Stack comprises Avail DA for scalable, verifiable data availability, including Turbo DA , Enigma Upgrade , Avail Light Clients , and Avail’s 10 GB Infinity Blocks . Avail supports any execution environment with native ZK verification on the base layer. However, the most powerful upgrade is Avail Nexus. The Avail Nexus upgrade is a permissionless crosschain layer enabling connectivity between different chains. Avail Nexus unlocks liquidity and user access with a seamless in-app experience across multiple ecosystems, enabling a true crosschain economy. No network switches, no bridges, no leaving the app. Nexus fully abstracts convoluted flows and back-end processes, delivering a simplified, intuitive experience. With Nexus, the typical 12+ click, crosschain process is reduced to just a couple of simple approvals, all behind the scenes, allowing users to stay in the app. If one chain in the Avail Stack has access to key infrastructure, for example, Uniswap or Aave, every other connected chain can use it too, without needing to redeploy it. This borrowed infrastructure model allows new chains to bootstrap with shared liquidity and shared apps, accelerating ecosystem growth. For developers, Nexus unlocks a powerful new era of multichain applications that coordinate state and logic across environments without replicating contracts. Connectors for EVM, ZK, Optimistic, and sovereign chains make integration seamless for any environment. To complement this is the Avail Fusion upgrade that creates a diverse security model. Apps gain access to pooled crypto-economic security while maintaining decentralization. “With Avail, we were clear that developers no longer rebuild core infrastructure per chain. We wanted to give one integration that connects logic, assets, and users across all ecosystems. This is the foundation of Avail’s horizontal scalability vision: modular infrastructure, interoperable chains, and unified UX.” – Prabal Banerjee, co?founder, Avail. Confidence in Avail’s capability is reflected in the top-tier integrations. Lens Protocol, with over 650K user profiles and 28M+ social connections, launched Lens Chain using Avail DA. Sophon, a zk-validium, raised $60M in a node sale supported via Avail Light Clients. Space & Time, which has partnered with Microsoft and Google Cloud BigQuery, will use Avail to anchor ZK query proofs. Leading players in tokenization and RWAs like Lumia and rootVX are on the Avail testnet. Other projects powered by Avail include Rooch, Odysphere, and Eternal, with 50 more partnerships in the pipeline. “We built Avail for a world where new chains can launch fast, can communicate and scale instantly. That’s the promise of horizontal scalability, and it’s how blockchain technology can reach population scale.” – Anurag Arjun, co-founder, Avail. Avail is building the foundation for a crosschain economy, shared liquidity, and composability, all while staying true to the core principles of decentralization and permissionlessness. About Avail Avail is designed to connect and scale blockchains with the Avail Stack. Avail Nexus connects and powers crosschain messaging. Avail DA foundation powers horizontal scalability with its 10GB infinity blocks roadmap and functionality upgrades, while Avail Fusion will enable crypto-economic security for the Avail economy. With Avail Stack, developers get a future-proof foundation where apps and assets move freely across chains. Users can learn more about Avail on Discord , Twitter , Blog Media Contact: Shailey Singh shailey@availproject.org Contact PR & Comms Lead Annu Shekhawat Avail Technology Ltd. annu@availproject.org
New Tokenomist Report: 2024’s Low-Funded Crypto Launches Delivered Top Returns
A new Tokenomist report shows 2024’s low-funded crypto launches had top returns. ATH (raised $9M) gave a 24.5x return; ZK (raised $458M) is at <0.5x value. Investors are now watching for token unlocks for these projects from June to November. A new analysis from Tokenomist released today, June 6, has identified last year’s major token launches that identifies a sharp divide between their massive fundraising and actual investor returns. The report, which covers ten major 2024 projects like ZK, ATH, and Swell that collectively raised over $1 billion, shows that a few of the most successful investments came from projects with the least initial funding, whereas the largest raises left investors deep underwater. The impressive aspect of ATH is that it attracted just $9 million in investments, yet its Investor fully diluted valuation now stands at $221 million, equivalent to a 24.51x return. Swell, which has just raised $3.75 million, now has an Investor FDV of $24.22 million, providing a 6.45x return. IO and Blast likewise managed to get at least a 4x return with an investment of $30 million or less. High Funding, Low Returns: Some Projects Fail to Deliver At the other end of the spectrum, some of the projects with the highest funding have delivered poor returns so far. ZK, for example, received a massive $458 million in funding, but its Investor FDV is now priced at less than half its initial value. Similarly, SCROLL and AVAIL are also struggling to meet expectations, with current returns sitting at just 0.61x for SCROLL and 0.65x for AVAIL. Source: X These projects raised a lot of money before launching, yet they still haven’t met the expectations of their investors. The fact that their performance suffers despite investments proves that raises do not always result in stronger returns. Small Investments, Big Returns: How Limited Capital Drives Success The Tokenomist analysis clearly highlights that projects can achieve significant success with more limited initial capital. The impressive returns from ATH and Swell, for instance, came from relatively small raises. Likewise, the report notes that IO, Blast, and Cloud also delivered strong results for their early investors from fundraising rounds of less than $30 million each. These examples demonstrate that smaller, targeted capital raises can still yield substantial rewards for projects and their backers. Upcoming Token Unlocks Investors are also now watching a series of upcoming token unlocks , scheduled between June and November 2025. These events often introduce new market volatility as a large new supply of tokens becomes available to be traded. Related: June Token Unlocks Top $3.2 Billion: Altcoins SUI, APT, ZRO Brace For Volatility Several of the analyzed projects have unlocks scheduled soon. ZK , ZRO, Blast, and ATH are scheduled for unlocks in June, followed by Avail, Cloud, and IO in July. Later in the year, Eigen, Scroll, and Swell are scheduled to unlock tokens between October and November. These approaching dates will likely have investors reevaluating their portfolio strategies in anticipation of increased supply and potential price shifts. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Is Polygon In Distress? Mihailo Bjelic Is Third Founder to Exit
Key Notes Mihailo Bjelic is stepping away from the Polygon Foundation to pursue other endeavors. Currently, Sandeep Nailwal is the only co-founder on the Polygon Foundation board. POL price has recorded a 4% drop after the announcement. Mihailo Bjelic, one of the co-founders of Polygon, has decided to step down from the board of the Polygon Foundation. This makes him the third founder to walk away from the protocol after Jaynti Kanani and Anurag Arjun. According to his post on X, Bjelic plans to stick around, cheering on Polygon from the sidelines. Why is Bjelic Stepping Down From Polygon Leadership? Though not explicitly explained, the Polygon co-founder acknowledged that the project has evolved and matured. Hence, he noted, “It is natural for visions to evolve, and sometimes diverge.” The guess is that his exit from the ecosystem board is the divergence he speaks about. Furthermore, Bjelic clearly stated that he could no longer contribute to Polygon. PSA: After much thought and reflection, I’ve decided to step down from the board of the Polygon Foundation, and wind down my day-to-day involvement with Polygon Labs. I was introduced to crypto in 2013 (damn, time flies). By 2017, I was deep down the rabbit hole, fascinated by… — Mihailo Bjelic (@MihailoBjelic) May 23, 2025 At the same time, he remains positive about the work the Layer-2 scaling solution built on Ethereum will do going forward. On this note, the crypto innovator promised to show his support from the background. The exit from the Polygon Foundation board adds Bjelic to co-founders Jaynti Kanani and Anurag Arjun, who equally left their active roles at the blockchain project a while ago. Arjun was the first to step down as a board member in March 2023. He left to focus on Avail, his modular blockchain project, whose main network went live in 2024. Seven months later, Kanani also decided it was time to retire. Today, Sandeep Nailwal is the only co-founder on the protocol’s board at the Polygon Foundation. Together with Nailwal, all four individuals founded the Ethereum-based L2 eight years ago. During this time, the ecosystem has recorded notable growth. It even went from being referred to as Matic Network to Polygon. More recently, it completed the migration of the MATIC token to POL , reflecting its evolution. “From significant breakthroughs in zero-knowledge tech, to onboarding some of the world’s biggest brands, we’ve made meaningful strides toward that grand vision,” Bjelic wrote on X on May 23, 2025. Bjelic claimed that he had been in the crypto space since 2013. In light of the latest development, the Polygon co-founder also revealed plans to stop working with Polygon Labs daily. Is Polygon In Distress? The announcement of Bjelic’s exit from the Polygon Labs and Polygon Foundation board has ignited some reactions among crypto community members. Several people are disturbed by the trend of exits, with some regarding the latest as a loss to Polygon. This is based on Bjelic’s contributions to major advancements recorded by the protocol. Other entities are citing a potential problem with the ecosystem, although no one has been able to substantiate these claims. Polygon faced some difficulties at the beginning of 2025 as it suffered from declining network health. At this time, several analysts and market observers feared that POL would record a sizable decline. As of this writing, the price of POL was trading at $0.2368, corresponding to a 3.72% dip, likely influenced by the update of Bjelic’s exit. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Polygon co-founder Mihailo Bjelic steps down from board
Mihailo Bjelic, co-founder of Polygon, has announced his decision to step down from the board of Polygon Foundation. The Polygon ( POL ) co-founder revealed the move via a post on X on Friday, May 23, 2025, noting that he will also “wind down” his day-to-day involvement with Polygon Labs. “Polygon was born in 2019, and we’ve come a long way since then,” Bjelic wrote. “From significant breakthroughs in zero-knowledge tech, to onboarding some of the world’s biggest brands, we’ve made meaningful strides toward that grand vision. I’m proud of this, and grateful for the privilege to work with so many talented people.” Bjelic notes that he first entered the crypto space in 2013, with his foray into the ecosystem seeing “deep down the rabbit hole” by 2017. He co-founded Polygon , a layer-2 scaling solution on Ethereum ( ETH ) alongside Jaynti Kanani, Sandeep Nailwal and Anurag Arjun. The project, among the most searched proof-of-stake blockchain in the U.S. in 2023, rebranded from its initial name Matic Network. Explaining his decision further, Bjelic said: “As projects evolve and mature, it is natural for visions to evolve, and sometimes diverge. With this in mind, I can no longer contribute to Polygon to the best of my abilities.” While he will no longer be actively involved, he said he is confident Polygon will continue to succeed. Bjelic plans to offer his support “from the sidelines”. Bjelic’s exit from the Polygon Foundation board sees him join co-founders Jaynti Kanani and Anurag Arjun in stepping down from active roles at the blockchain project. Kanani left Polygon in October 2023.Meanwhile, Arjun left in March 2023 to focus on his modular blockchain project Avail . Nailwal said via X that words cannot describe what Bjelic means to him personally and to Polygon. “More than a co-founder, you’re a brother. From the earliest days — whiteboards full of ideas, endless whitepapers, governance frameworks, strategy calls deep into the night — you have been a force behind so much of what makes Polygon what it is today,” he added.
Ethereum L2 networks offer $0.16 fees and diverse scaling options
Ethereum’s (CRYPTO:ETH) scaling strategy through multiple layer-2 (L2) networks creates a diverse ecosystem of high-throughput chains, according to Anurag Arjun, co-founder of Avail (CRYPTO:AVAIL), a chain abstraction platform. Arjun explained that unlike monolithic high-throughput blockchains, Ethereum’s rollup-centric approach enables various teams to experiment with different execution environments and block times. This multiplicity allows Ethereum to support numerous unique L2 chains rather than a single architecture, providing flexibility and innovation. However, Arjun cautioned that without true interoperability, moving assets between L2s remains as complex as bridging across separate blockchains. Critics of Ethereum’s L2 focus argue that it fragments liquidity and weakens the base layer, contributing to Ether’s price decline over the past year. Supporting this, Ethereum’s base layer transaction fees dropped to five-year lows in April 2025, averaging about $0.16 per transaction, according to Santiment’s marketing director Brian Quinlivan. Quinlivan noted this fee reduction reflects decreased demand for the base layer and waning retail interest. He added that fewer users are interacting with smart contracts across decentralised finance, NFTs, and other digital asset sectors. This decline in base layer activity has led many institutional investors to reduce their Ether holdings and revise price forecasts for the second-largest cryptocurrency by market capitalisation. Despite these challenges, Ethereum’s L2 ecosystem continues to evolve, offering scalable solutions that differ fundamentally from competing monolithic blockchains. Arjun emphasised the “under-appreciated beauty” of Ethereum’s approach lies in its capacity for experimentation and diversity among L2s. At the time of reporting, the Ethereum (ETH) price was $1,767.56.
Symbiotic secures $29 million to expand universal staking framework
Symbiotic, a cryptocurrency staking protocol, has raised $29 million in a Series A funding round to support the rollout of its Universal Staking Framework, a new economic coordination layer aimed at securing various blockchain networks. The round was led by Pantera Capital and included participation from Coinbase Ventures and over 100 angel investors, with backing from firms such as Aave (CRYPTO:AAVE), Polygon (CRYPTO:MATIC), and StarkWare. According to Symbiotic, the Universal Staking Framework is intended to shift staking from being a network-specific security tool to a broader coordination layer that can support both monolithic and modular layer-1 and layer-2 chains. “We’ve created a modular framework that lets protocols evolve security models over time while efficiently coordinating risk,” stated co-founder Misha Putiatin, who explained that the protocol offers a modular approach allowing blockchain projects to evolve their security models without rebuilding infrastructure. Pantera Capital’s Paul Veradittakit called the project the “next step in blockchain infrastructure,” adding that it enables new forms of economic coordination previously not possible across different assets and networks. The framework supports a wide range of cryptocurrencies for staking, which may unlock diverse use cases in decentralised finance as more assets go on-chain. Symbiotic’s infrastructure is already integrated with 14 networks, including Hyperlane (CRYPTO:HYPER), Spark (CRYPTO:SPARK), and Avail (CRYPTO:AVAIL), with plans to expand to over 35. The new funding will be used to scale the team, develop features such as customisable slashing and risk modeling, and onboard additional networks. The protocol’s flexible architecture also allows applications like bridges, oracles, and sectors involving artificial intelligence or zero-knowledge proofs to define their own validator structures and incentives without major changes to existing infrastructure.
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