brahma

According to Chainwire, Polymarket has announced the completion of its acquisition of the DeFi infrastructure company Brahma. Brahma was co-founded by Alessandro Tenconi, Akanshu Jain, and Bapireddy Karri, and its team will continue to play key roles in infrastructure, protocol design, and product integration.This integration aims to enhance the trading reliability, execution speed, and capital efficiency of the Polymarket platform, while lowering the entry barrier for new users and improving interoperability across blockchain networks.

According to Fortune, the prediction market platform Polymarket has announced the acquisition of the startup Brahma, which focuses on cryptocurrency and decentralized finance (DeFi) infrastructure. The specific transaction amount has not been disclosed.Brahma was co-founded in 2021 by Alessandro Tenconi, Akanshu Jain, and Bapi Reddy Karri, primarily providing DeFi infrastructure services for businesses and individuals, having processed over $1 billion in transaction volume. After joining Polymarket, Brahma will terminate its existing projects with other partners.The acquisition aims to optimize user experience, including streamlining processes for wallet creation, asset deposits and conversions, and result token exchanges, while also hoping to leverage Brahma's experience in the DeFi space to bring more liquidity to niche contract markets.Polymarket CEO Shayne Coplan stated that the Brahma team has the capability to design, operate, and scale complex products. Currently, Polymarket is reportedly valued at $20 billion, and unlike its main competitor Kalshi, which primarily relies on fiat systems, Polymarket has always operated on a blockchain architecture since its inception.

ChainCatcher message, according to the Web3 asset data platform RootData X tracking data, in the past 7 days, the decentralized protocol Brahma for activating and managing cross-chain and dApp liquidity has been the project with the most unfollows from X (Twitter) top figures. The new influential figures on X who unfollowed this project include DeFi analyst Ignas(@DefiIgnas), crypto KOL Yuyue(@yuyue_chris), and starzq(@starzqeth).In addition, the projects with the most unfollows from X top figures also include 0xScope and Francium.

ChainCatcher message, according to the Web3 asset data platform RootData X tracking data, in the past 7 days, the fixed-rate protocol Flashstake has been the project most unfollowed by X (Twitter) top influencers. New unfollowers of this project include DeFi analyst Ignas (@DefiIgnas) and crypto industry KOL 嗯哼 (@enheng456).In addition, the projects most unfollowed by X top influencers also include BakerySwap and Brahma.

ChainCatcher message, according to the Web3 asset data platform RootData X tracking data, in the past 7 days, the Web3 communication platform Push Protocol has been the project that X (Twitter) top figures have unfollowed the most, with new unfollowers including NFT collector Gmoney(@gmoneynft) and Momo(@momochenming).In addition, the project that X top figures have unfollowed the most also includes Brahma.

ChainCatcher message, according to the Web3 asset data platform RootData X tracking data, in the past 7 days, the Web3 gaming guild YGG has been the project with the most unfollows from X (Twitter) top influencers, with the latest unfollowing of this project by X influencer Professor Suo (@hellosuoha).In addition, the project with the most unfollows from X top influencers also includes Brahma.