Web3 liquidity infrastructure Solv Protocol completes $6 million financing, with participation from Laser Digital, Bytetrade Labs, and others

ChainCatcher news, Singapore-based Web3 liquidity infrastructure Solv Protocol has completed a new funding round of $6 million, with participation from Japanese banking giant Nomura Securities' subsidiary Laser Digital, UOB Venture Management, Mirana Ventures, Emirates Consortium, Matrix Partners, Apollo Capital, HashCIB, Geek Cartel, and Bytetrade Labs. The funds from this round will be used to expand the team and for technology development.

According to data from DeFiLlama, since its launch in the second quarter of this year, Solv Protocol's total locked value has grown to $2.8 million, serving over 25,000 users and facilitating over $100 million in transaction volume. According to data from the crypto data platform Rootdata, Solv Protocol received strategic funding from Binance Labs in January 2022.