HyveDA raises $50 million
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
HyveDA's Pre-Deposit Success: Hyve, a middleware data availability protocol, secured $50 million in pre-deposits from early contributors within two weeks of launching its Symbiotic mainnet, achieving a total locked value of $25 million in just four hours despite market downturns.
Future Developments and Community Engagement: The pre-deposit phase is crucial for HyveDA to enhance its data availability speed and establish itself as a leading network, with plans for decentralized participation through Data Availability Committees and opportunities for contributors to earn rewards.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
