HyveDA Secures $50 Million in Pre-Deposits Following Symbiotic Mainnet Launch
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
HyveDA Achieves $50 Million in Deposits: The Hyve middleware DA protocol secured $50 million in deposits from early contributors within two weeks of its mainnet launch, despite market challenges, demonstrating strong demand and investor confidence.
Innovative Data Availability System: HyveDA utilizes a permissionless DAO structure to enhance data accessibility and scalability, aiming to address data availability issues in blockchain systems while offering unique rewards for early participants.
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.
