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

Radius, a cutting-edge blockchain agency that pioneered the trustless shared sequencing layer, has introduced that it has secured $1.7 million in pre-seed funding. Hashed took the lead within the fundraising spherical, whereas Superscrypt, Lambdaclass (Ergodic Fund), and Crypto.com additionally took half.

On account of its scalability, rollups are a rising variety of individuals’s most well-liked choices for a lot of functions, together with DeFi. Correctly decentralizing its operation and structuring economical design has emerged as the very best different for the rollup-centric ecosystem.

Radius is dedicated to offering Rollups an inexpensive and long-lasting resolution, shielding its prospects from harmful Miner Extractable Worth (MEV). That is achieved utilizing Sensible Verifiable Delay Encryption (PVDE), a ground-breaking zk method created by Radius. Whereas nonetheless rising earnings for Rollups, the shared sequencing layer with PVDE ensures that buyers are safeguarded towards harmful MEV in a genuinely trustless method.

Together with becoming a member of the Celestia Ecosystem, Radius not too long ago disclosed a relationship with Saga and the Rollup-as-a-Service. Via this settlement, the rollup expertise will develop additional, and the blockchain ecosystem’s safety will likely be improved.

Together with these successes, Radius is now growing 360, an MEV-resistant decentralized trade. This new DEX is anticipated to dramatically enhance person expertise and safety within the DeFi market because of Radius’ shared sequencing layer. 

Radius not too long ago organized a convention titled “Scaling 2023: The Renaissance” as a part of their ongoing interplay with the bigger blockchain neighborhood. Well-known audio system from organizations like Starkware, Flashbots, and Osmosis spoke on the occasion, which additional cemented Radius’ repute as an business thought chief.