ACROSS Protocol developers received another $ 41 million

ACROSS Protocol, focused on the interaction between the main network Ethereum and project 2 projects (L2), attracted $ 41 million in the round of ACX tokens. Paradigm was the leader with the participation of Bain Capital Crypto, Coinbase Ventures, Multicoin Capital and Sina Khabiniana. Financing took place in 2 stages: in the 2nd and 4th quarters of 2024.

Risk Labs co -founder Hart Lambur said that during the round, investors received ACX, but the exact assessment of the project is not disclosed. Earlier, in November 2022, Across attracted $ 10 million. Now the full diluted capitalization (FDV) of token reaches $ 225 million, and the market (MCAP) is $ 98 million.

The protocol simplifies cross-case, giving users the opportunity to perform operations with assets through a single request. The ERC-7683 standard is based, which allows you to combine several steps into one action. This approach reduces the delay and promotes the integration of various networks into a single ecosystem circuit.

According to Lambure, most transfers on the L2 – L2 route take less than 5 seconds. Paradigm partner Dan Robinson called Across an intent-oriented inter-sequet architecture pioneer. Since the launch of the protocol has held transactions worth $ 19 billion.

New funds will help ACROSS developers promote ERC-7683 and support the Rollup-oriented Etherum Development Strategy. The protocol has already been integrated with Uniswap for cross-transaction, and also works with Arbitrum, Polygon and Optimism. Such collaborations increase interest in the project from the community.

The sketch schedule for strategic investors provides for an annual lock, which will last until November 2025. Such a scheme is designed to provide long -term stability and prevent sharp fluctuations in price. A team of 40 people continues to expand, attracting specialists for the further development of technology.

Author

Peter Ivanov