polychain

Blockchain data infrastructure startup Cambrian has completed a $6 million seed round financing, led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, Paper Ventures, Nomad Capital, and others.Cambrian also previously secured $5.9 million in pre-seed financing led by a16z Crypto Startup Accelerator, bringing the total funding to $11.9 million. It is reported that Cambrian was established in 2024 and currently provides APIs for institutions and AI Agents, covering real-time and historical on-chain data such as yield, risk, lending rates, trading activity, liquidity positions, and market sentiment, helping users allocate capital on-chain.The company plans to expand its existing APIs into a verifiable blockchain data oracle network, serving institutional financial clients, AI Agent builders, and protocols that need reliable data to control the flow of funds. Unlike traditional oracles that mainly provide price data, Cambrian aims to aggregate lending protocol data, DEX liquidity, social sentiment, developer activity, and historical market data.According to Cambrian, its platform has processed millions of API calls, currently indexing approximately $4.5 billion TVL across four major lending protocols, tracking 1,789 vaults under 895 curators, and monitoring over 320,000 DEX liquidity pools on Base and Solana. The company also plans to expand trading data support, adding Hyperliquid and richer perpetual contract data.

Senior Partner at Polychain, Josh Rosenthal, posted on X platform, "After nearly 5 years at Polychain Capital, I have decided to leave. I feel fortunate to have witnessed the birth and growth of some companies that defined the cryptocurrency industry up close, for which I will always be grateful. I am now embarking on a new venture and look forward to sharing more information in the near future."

According to crypto analyst Yu Jin @EmberCN, about 7 hours ago, a batch of addresses suspected to belong to Polychain unlocked and redeemed 122 million EIGEN from the EigenCloud (formerly EigenLayer) staking contract, worth approximately 23.88 million USD, accounting for 16.5% of the current circulating supply of EIGEN.Currently, the related EIGEN remains in the addresses and has not been further transferred. Yu Jin stated that this batch of tokens comes from the investment allocation for 2024, and Polychain was one of the early leading investors in EigenCloud.

The crypto financial services company Nava, which prevents inappropriate behavior of AI agents, announced the completion of an $8.3 million seed round financing, co-led by Polychain and Archetype.It is reported that the company's method to prevent inappropriate behavior of AI agents is to create a custodial service that holds funds until the agent proposes a transaction. Once the agent proposes a transaction, Nava will use a validation framework to determine whether the transaction outcome aligns with the user's intent. If the transaction passes validation, it will be executed; otherwise, the funds will remain in the custodial account, and the reasons for accepting or rejecting any transaction will be recorded on the blockchain, thereby creating a public decision ledger that can be referenced.

According to official news, the identity verification infrastructure VeryAI has announced the completion of a $10 million financing round, led by Polychain Capital, with participation from angel investors including the Berggruen Institute, Anagram, and Solana co-founder Toly.VeryAI is committed to building a privacy-first verification system based on palm print biometrics and cryptographic identity technology, aiming to distinguish real humans from bots, deepfakes, and synthetic identities at internet scale.

According to official news, the decentralized autonomous wireless network project DAWN has announced the completion of a $13 million Series B funding round, led by Polychain.The new funds will be used to accelerate global expansion, new deployments, and ecosystem partnerships. DAWN will continue to focus on expanding decentralized broadband worldwide.

According to The Block, the Ethereum block space futures market ETHGas has announced the completion of a $12 million token round financing, led by Polychain Capital, with participation from Stake Capital, BlueYard Capital, Lafayette Macro Advisors, SIG DT, and Amber Group. The project previously completed an undisclosed pre-seed financing round of approximately $5 million in mid-2024.This round of financing started in July and was completed last month, conducted entirely in the form of a token round, using the SAFT (Simple Agreement for Future Tokens) structure, consistent with the pre-seed round. In addition to the financing, ETHGas also announced that Ethereum validators, block builders, and relayers have committed approximately $800 million in support for its market and product development. Lepsoe emphasized that these are not cash investments, but rather liquidity in the form of Ethereum block space, with participants supplying block space to the ETHGas market in exchange for higher and more predictable returns.ETHGas has built a futures market for Ethereum block space, allowing for the advance buying and selling of block space, rather than just bidding in real-time when blocks are generated. Block space is the capacity within an Ethereum block that determines whether transactions are included, their order, and their cost. ETHGas operates upstream of the existing Ethereum block production process (i.e., proposer-builder separation) and does not replace the current system, but rather interfaces with it.

According to on-chain analyst Yu Jin's monitoring, an institution, likely Polychain Capital, accumulated 4.114 million PENDLE (worth $12.26 million) at an average price of $2.98 from March to September. All of these PENDLE were transferred to FalconX eight hours ago, but the current PENDLE price has dropped to $2.19. This means these PENDLE have incurred a loss of $3.25 million.

According to Arkham data, at 02:41, 4.1136 million PENDLE (worth approximately 9 million USD) was transferred from Polychain Capital to FalconX.

According to Arkham data, between 02:11 and 02:13, Polychain Capital received three large PENDLE transfers, totaling 3,851,753.92 PENDLE (worth approximately $8.3968 million), all from different anonymous addresses:At 02:11, 1,098,619.92 PENDLE (worth approximately $2.395 million) was transferred from an anonymous address (starting with 0x6478...) to Polychain Capital.At 02:12, 1,324,828 PENDLE (worth approximately $2.8881 million) was transferred from an anonymous address (starting with 0x21fB...) to Polychain Capital.At 02:13, 1,428,305 PENDLE (worth approximately $3.1137 million) was transferred from an anonymous address (starting with 0x981D...) to Polychain Capital.

According to CoinDesk, New York-based startup Cascade has launched a new 24/7 brokerage service. The service is built on a unified margin account, with associated perpetual markets covering cryptocurrencies, major U.S. stocks, and private companies such as OpenAI, SpaceX, and Stripe.Currently, select invited depositors have access to the platform, which is expected to open to the public in early 2026. The platform will initially offer over 10 perpetual markets, with plans to gradually expand its product lineup. To date, Cascade has raised $15 million from investors including Polychain Capital, Variant, Coinbase Ventures, and Archetype.

ChainCatcher news, according to market news, the Solana decentralized physical infrastructure network (DePIN) project Grass is conducting a bridge financing round, raising funds of up to $10 million.Previously, the project had completed seed and Series A financing. Grass's Andrej Radonjic revealed that Polychain and Tribe Capital participated in this token purchase-focused bridge financing round. It is reported that by shifting from training computational cycles to inference, the Grass team aims to lay the groundwork in advance, with the ultimate goal of conducting "internet-level web crawling" operations, which will enable them to build real-time contextual retrieval capabilities.

ChainCatcher reported live that at this year's Token 2049 conference in Singapore, Polychain CEO Olaf Carlson Wee delivered a keynote speech on the theme "Meme Coins are Information Markets."Olaf observed a significant divergence in attitudes towards meme coins between institutional investors and retail investors. Institutional investors view meme coins as gambling and zero-sum games, while the enthusiasm of retail investors is actually driven by deeper reasons: their social characteristics.He pointed out that the current monetization of KOL influence is extremely inefficient, requiring endorsement contracts outside of social platforms to profit, as the platforms themselves cannot share revenue. The core value of meme coins lies in their social aspect, which is the behavior of "tracking address" transactions, essentially predicting the viral potential of content.Olaf believes that each post can be minted into a token, and sharing it would yield profits, replacing algorithmic content ranking with market forces. Users of viral content would directly receive earnings, and in this model, platforms could profit through transaction fees rather than advertising, making user accounts tradable. He believes this will fundamentally change the social media ecosystem, turning communities into valuable trading tools.

ChainCatcher news, according to The Block, Aria Protocol Labs and Aria Foundation------the team behind the story-driven intellectual property (IP) tokenization platform Aria, recently raised a total of $15 million in seed and strategic funding rounds.Both rounds of financing were completed last month, starting with funding discussions in March. The seed round was co-led by Polychain Capital and Neoclassic Capital, while the strategic round received support from the Story Protocol Foundation and other unnamed investors in the cryptocurrency, intellectual property, and entertainment sectors.These financings combined equity and token warrants, bringing Aria's equity valuation to $50 million. The project also plans to issue a native token in the future.Aria is built on Story, a Layer 1 blockchain designed for IP tokenization. Currently, Aria primarily focuses on the tokenization of music IP, converting music royalties into tradable tokens, aiming to make this illiquid asset class more accessible to users.

ChainCatcher news, stablecoin startup M0 has completed a $40 million Series B funding round, led by Polychain and Ribbit Capital, with participation from Endeavor Catalyst, Pantera, and Bain Capital Crypto.M0 is building a network layer that enables different stablecoin issuers to achieve interoperability and liquidity connectivity. M0 co-founder and CEO Luca Prosperi stated that the company will focus on scaling the network over the next 2-5 years. Notably, the cryptocurrency wallet MetaMask recently announced a partnership with M0 to launch its stablecoin.

ChainCatcher news, according to official sources, the digital identity verification platform Billions has announced the completion of a $30 million financing round, with participation from Polychain, Coinbase Ventures, Polygon, LibertyCityVentures, BITKRAFT Ventures, and others. The funds from this round will be used to build the first universal human and artificial intelligence network.According to the Web3 asset data platform RootData, Billions Network is a digital identity verification platform aimed at providing a mutually trustworthy future for humans and artificial intelligence, including Sam Altman's crypto project World. The platform utilizes zero-knowledge proof technology, aiming to provide a scalable and secure method for verifying the identities of humans and artificial intelligence.

ChainCatcher news, according to a tweet from Celestia: "The Celestia Foundation has partnered with Polychain Capital to transfer all remaining TIA tokens held by Polychain to new investors.This month, the foundation purchased 43,451,616.09 TIA from Polychain Capital for $62.5 million. To complete this transaction, Polychain will soon cancel its entire staked TIA holdings.To ensure the foundation's financial situation is not affected, the foundation is finalizing the distribution of TIA with the new investors. These transactions will adopt a rolling unlock mechanism, with the first unlock starting on August 16 and completing on November 14."

ChainCatcher news, according to a post by Hazeflow founder Pavel Paramonov on X platform, Polychain has invested about 20 million dollars in the Celestia project and has already profited over 80 million dollars solely from selling Celestia token staking rewards, achieving a return of over 4 times without selling the main investment.

According to ChainCatcher news, as revealed by Hazeflow founder Pavel Paramonov, Polychain invested approximately $20 million in the Celestia project and has sold tokens worth over $80 million solely through staking rewards without selling any of its original investment. Celestia has currently dropped 92.2% from its historical peak.