Liquid

LAS VEGAS, United States, September 19th, 2024, Chainwire Blockchain storage layer Xandeum has announced that it will reveal its blueprint for scaling Solana storage at Breakpoint 2024 on September 20, 2024. At the flagship Solana conference in Singapore, Xandeum will also share details of its new storage-enabled liquid staking program and officially announce the launch of the XAND token. Designed to overcome the limitations of Solana’s current storage model, Xandeum’s technology will allow dapps to scale by accessing virtually unlimited…

Chicago, United States, September 16th, 2024, Chainwire Liquid Mercury’s solution will power Daler Trading’s market making of options and perpetual swaps on PowerTrade  Liquid Mercury, a leading crypto trading technology provider, is excited to announce the launch of a new algorithm designed to facilitate liquidity provision strategies for crypto derivatives. Daler Trading, a digital asset market maker, will leverage Liquid Mercury’s algo and OMS (Order Management System) platform to actively quote Bitcoin, Ethereum, and 60 altcoin options and perpetual swaps…

A new report has highlighted the key changes that could follow a significant increase in Solana liquid staking. Driven by strong investor demand, if Solana’s liquid staking were to reach $18 billion, it could significantly benefit Solana (SOL) and Jito (JTO), a liquid staking token on the Solana blockchain, potentially fueling positive momentum and a rise in the value of both altcoins.  Adoption Boom To Ignite Solana Liquid Staking Over the past few years, SOL has had an impressive run,…

Dubai, United Arab Emirates, September 12th, 2024, Chainwire A new report by Bybit, the world’s second-largest cryptocurrency exchange by trading volume, reveals the Solana blockchain is having a break-through moment driven by its liquid staking model. This report examines the current state of liquid staking on Solana—particularly exchange-launched liquid-staked SOL, key players in the space, and why and how the liquid staking model is poised to mobilize the masses to the Solana ecosystem. The leading proof-of-stake blockchain has been a…

Singapore, Singapore, September 5th, 2024, Chainwire LBank Labs, a $100-million multi-strategy crypto fund, is thrilled to announce its participation in Kintsu’s $4 million seed funding round, which was led by Castle Island Ventures. The round also saw participation from major industry players including Brevan Howard Digital, CMT Digital, Spartan Group, Breed VC, CMS Holdings, Animoca Ventures, and several high-profile angel investors such as Alex Matthews and Ross Trachtman from Brevan Howard Digital, Marin Tvrdic from Lido, and Robinson Burkey from…

Three major crypto exchanges teased the launch of new Solana-based products. The trading platforms shared mysterious hints on their official X accounts, suggesting their entry to Solana’s Liquid Staking ecosystem. The news received a positive reaction from the crypto community, seemingly fueling a bullish sentiment among SOL investors. Exchanges Hint At New Solana-Based Products On Thursday, crypto exchanges Binance, Bybit, and Bidget created a buzz among crypto investors after hinting at the launch of new Solana-based products. Binance, the largest…

New York, New York, July 25th, 2024, Chainwire Kintsu, an innovative liquid staking protocol, is thrilled to announce the successful completion of its $4 million seed funding round. The round was led by Castle Island Ventures, with additional support from prominent investors including Brevan Howard Digital, CMT Digital, Spartan Group, Breed VC, Arche Capital, CMS Holdings, Animoca Ventures, F-Prime Capital (a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments), Reciprocal Ventures, and LBank Labs. Notable…

Infrared Finance raised an undisclosed amount from Binance Labs to develop its liquid staking solutions for Berachain. The company plans to launch its staking tokens, iBGT and iBERA, on Berachain’s V2 testnet soon. Infrared Finance, a Berachain-based liquid staking protocol, has successfully raised an undisclosed amount in a strategic funding round led exclusively by Binance Labs, the $10 billion venture capital arm of the global cryptocurrency exchange, Binance. This marks Binance Labs’ inaugural investment in the burgeoning Berachain ecosystem. We…

Denver, United States, June 18th, 2024, Chainwire Renzo, the Liquid Restaking Protocol, today announced $17M in funding. As of today, nearly $4B is already restaked with Renzo. The funding, which took place across two rounds, was first led by Galaxy Ventures and the second round led by the Nova Fund – BH Digital (based in Abu Dhabi). This follows $3.2m of funding previously via Maven11, Figment Capital and Binance Labs.  Restaking is rapidly becoming a core pillar for scaling security on…