The cross-chain exchange protocol Gasp has completed a $5 million private fundraising at a valuation of $80 million, with participation from Polychain Capital and others

ChainCatcher news, according to The Block, the cross-chain exchange protocol Gasp (formerly Mangata Finance) based on EigenLayer announced the completion of a $5 million private fundraising at a valuation of $80 million, with participation from Polychain Capital, CMS Holdings, Master Ventures, Token Metrics, and Cluster Capital.

Gasp plans to launch a testnet in the coming weeks and aims to enter the mainnet and launch its token after a successful test. They also plan to introduce a new token GASP and airdrop it to some MGX token holders.