Across Protocol Raises $41M for Cross-Chain Interoperability
Cross-chain bridge platform Across has raised $41 million in a strategic token sale, attracting major venture capital players like Paradigm and Coinbase Ventures. The funding will accelerate the development of intent-based cross-chain solutions and enhance Web3 interoperability.
Driving Seamless Web3 Interoperability
Across Protocol is constructing to unify Ethereum’s fractured ecosystem with advanced cross-chain interoperability. The protocol will target two-second bridging between chains, offer a seamless experience to users, and reduce inefficiencies in decentralized finance (DeFi).
Web3’s rapid growth has led to enormous progress on Ethereum Layer 2 scalability, decreasing transaction charges. Liquidity fragmentation and highly developed user experience are still pertinent issues, though. Across applies intents-based infrastructure to deliver an uninterrupted on-chain experience, following the Ethereum Foundation’s drive for intents adoption. That is to say, customers are able to carry out transactions without needing advanced technical expertise, allowing blockchain use to be even more user-centric.
Significant Support from Mainstream Investors
Paradigm venture capital spearheaded the funding round, with participation from Coinbase Ventures, Bain Capital Crypto, and Multicoin Capital. Sina Habinian, an angel investor, also participated in the round. The $41 million funding round will be pivotal in driving Across’ bridging infrastructure and expanding its integrations on different blockchain networks.
The capital will also be applied to the development of additional security measures and efficiency optimization solutions to further enhance the speed and efficiency of cross-chain transactions. While it builds up its infrastructure, Across aims to maintain its lead in the new multi-chain regime.
Web3 Adoption Growth
Across aims to provide users with frictionless interoperability, allowing them to trade on Arbitrum, stake on Optimism, and discover opportunities on Base—all in one experience. This frictionless experience eliminates the necessity for users to bother about which chain they are currently on, facilitating broader adoption of decentralized applications (dApps).
Across currently integrates with a variety of platforms, such as Hyperliquid, Kraken’s Ink, Sony’s Soneium, and over 40 decentralized applications. The protocol also recently went live on Unichain, an Uniswap L2, as it continues to cement its place in the Web3 ecosystem. Across Protocol is well-positioned to be a leader in bridging liquidity and user interfaces between blockchain networks as it continues to expand.
