June 22, 2023 – San Francisco, California
Cutting-edge blockchain company, Radius, which is pioneering the trustless shared sequencing layer, has announced that it has raised a pre-seed investment of $1.7 million. The funding round was led by Hashed, with participation from Superscrypt, Lambdaclass (Ergodic Fund) and Crypto.com.
As rollups become more popular choices for many applications including DeFi due to its scalability, properly decentralizing its operation and structuring economical design has become the next major point for a rollup-centric ecosystem.
‘Shared sequencing layer’ has arisen as the ultimate solution.
Radius is dedicated to providing an economical and sustainable solution for rollups, thereby protecting their users from harmful MEV (miner extractable value).
This is achieved through a groundbreaking zk scheme known as PVDE (practical verifiable delay encryption), developed by Radius.
The shared sequencing layer with PVDE ensures that users are protected from harmful MEV in a truly trustless way while still maximizing revenue for rollups.
AJ Ji Hoon Park of Radius said,
“Radius is committed to setting the standard for a trustless shared sequencing layer that not only maximizes revenue for rollups but also safeguards users from the harmful effects of MEV. This funding will propel us forward in achieving our goals and redefining the boundaries of what is possible in the blockchain sphere.”
Radius has also recently announced a partnership with Saga, the rollup-as-a-service, and has joined the Celestia ecosystem.
This partnership will drive further advancements in the rollup technology and enhance the security of the blockchain ecosystem.
In addition to these achievements, Radius is in the process of building an MEV-resistant decentralized exchange, known as ‘360.’
Enabled by Radius’ shared sequencing layer, this new DEX is expected to significantly enhance the user experience and security in the DeFi space.
Continuing its engagement with the broader blockchain community, Radius recently hosted a conference called, ‘Scaling 2023 The Renaissance.’
The event featured renowned speakers from companies such as Starkware, Flashbots and Osmosis, further solidifying Radius’ position as a thought pioneer in the industry.
About Radius
Radius is a blockchain technology company pioneering a trustless shared sequencing layer that offers an economical and sustainable solution for rollups and protects their users from harmful MEV.
With its novel approach, Radius aims to revolutionize the rollup space and contribute to the broader adoption of blockchain technology. Radius will launch an alpha version of its sequencing layer in Q1 of 2024.
Contact
David Seo, Radius
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