Layer 2 project Zircuit has successfully completed its Mainnet funding round, securing investments from prominent names such as Mirana Ventures, Amber Group, Nomad Capital, and Robot Ventures.
This new funding will enable Zircuit to accelerate the growth and activity of its ecosystem.
Founded in 2022, Zircuit has already made significant strides, boasting a Total Value Locked (TVL) of over $2.9 billion, according to DeFiLlama data.
This substantial amount is staked in the pre-mainnet staking program with various Liquid Staked Tokens (LSTs) and Liquid Restaked Tokens (LRTs). Zircuit aims to create the safest and most capital-efficient liquidity hub for these high-value liquid restaked assets.
L2 project Zircuit announced the completion of its Mainnet funding round with participation from Mirana Ventures, Amber Group, Nomad Capital, and Robot Ventures and others. With this new funding, Zircuit will be able to accelerate ecosystem growth and activity on its network.…
— Wu Blockchain (@WuBlockchain) July 23, 2024
The project has also garnered support from other influential backers, including Dragonfly Capital, Pantera Capital, and BitMex co-founder Arthur Hayes, known on Twitter as @CryptoHayes.
With this impressive lineup of investors and a robust staking program, Zircuit is well-positioned to become a leading player in the decentralized finance (DeFi) space. The additional funding will not only enhance the network’s capabilities but also attract more participants to its ecosystem, driving further innovation and adoption.
Gmeow 💚
We're excited to announce our Mainnet funding round to help build the safest L2 with Sequencer Level Security that prevents smart contract exploits.
— Zircuit (@ZircuitL2) July 22, 2024
As Zircuit continues to expand and develop, its focus on safety and capital efficiency will be crucial in maintaining its reputation and growing its user base. The support from established investors underscores the confidence in Zircuit’s vision and potential for long-term success.
Investors and DeFi enthusiasts alike will be watching closely as Zircuit leverages this new funding to build a more robust and efficient liquidity hub, setting new standards in the industry.
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