Solana based cross-chain exchange Saber raises $7.7M to expand team and tokens
Saber has raised $7.7 million in a seeding fund round, and is rated as the second platform on Solana in terms of total locked value (TVL) with $185.77 million. Solana-based cross-chain exchange Saber raised $7.7 million in a seed funding round. The platform launched last month and enables the cross-chain exchange of stablecoins and wrapped assets. Saber Labs, the development team behind Saber, announced the funding round on July 28. The development team is currently a three-person unit and the firm will use the funds to hire around seven more staff members this year. It will also expand....
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A new crypto fund named Protagonist has been launched by Saber Labs which is a Solana-based cross-chain decentralized exchange. The crypto fund and incubation lab shall be helping foundational protocols of upcoming blockchain ecosystems by investing in them. The fund is worth $100 million. The founders of Protagonist are Dylan Macalino and Ian Macalino who […]
On September 17, 2021, Solana protocol fans were introduced to the launch of the Wormhole Network’s ethereum – solana bridge, which means assets between each chain can be intermingled. The launch announcement notes that Saber, the Solana-fueled protocol with more than $4 billion total-value locked (TVL), will support migration from Wormhole V1 to V2. Wormhole Launches Ethereum – Solana Bridge Solana has risen 5,504% in value during the last year and today, solana (SOL) is a top ten crypto-asset holding the seventh largest position in terms of market capitalization. At....
Chainlink’s token, LINK, has barely budged this month. It sits in 13th place by market cap after picking up just 3.8% since May 1. Its price hovers under $12 at times, though some reports put it near $16 when markets last ticked. That mixed picture raises questions about whether LINK can keep its spot. Related Reading: XRP ETF At 83% Approval Odds—Is The SEC Losing Grip? Cross-Chain Push Comes To Solana According to published updates, Chainlink rolled out its Cross-Chain Interoperability Protocol on Solana on May 19, 2025. This feature aims to let developers tap into over $18 billion in....
Ethereum's co-founder cites "fundamental security limits of bridges" as the key reason for his disapproval. In a Reddit post on Friday, Vitalik Buterin, the co-founder of Ethereum (ETH), outlined critical security concerns surrounding cross-chain bridges in the blockchain ecosystem. As told by Buterin, storing native assets directly-chain (Ethereum on Ethereum, Solana on Solana, etc.) provides a certain degree of immunity against 51% attacks. Even if hackers manage to censor or reverse transactions, they cannot propose blocks to take away one's crypto.The rule also applies to the Ethereum....
Although cross-chain bridges have proven useful so far, the time has come to look beyond these semi-archaic solutions. When suer funds are at stake, it is safe to say the approach may not be ideal. Portal puts an end to wrapped tokens and third-party custody through its multi-chain atomic swap-based approach. Cross-chain Bridges Fail To […]