On-chain data availability project Hyve has completed a $1.85 million seed round financing, led by Lemniscap

Oct 17, 2024 21:06:48

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ChainCatcher news, according to CoinDesk, the on-chain data availability (DA) project Hyve has announced the completion of a $1.85 million seed round financing, led by Lemniscap, with participation from Paper Ventures, Frachtis, and others.

It is reported that Hyve's solution HyveDA is a completely permissionless data availability layer, currently supporting a throughput of 1 GB per second.

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