San Francisco, CA, June 22nd, 2023, Chainwire
Blockchain company Radius has raised $1.7 million in pre-seed funding led by Hashed, with participation from Superscrypt, Lambdaclass (Ergodic Fund), and Crypto.com. The company is pioneering the trustless shared sequencing layer which aims to provide an economical and sustainable solution for rollups, protecting users from harmful Miner Extractable Value (MEV) through its Practical Verifiable Delay Encryption (PVDE) scheme. The shared sequencing layer with PVDE ensures users are protected from harmful MEV in a trustless way while maximizing revenue for rollups.
"Radius is committed to setting the standard for a trustless shared sequencing layer that not only maximizes revenue for Rollups but also safeguards users from the harmful effects of MEV," says AJ Ji Hoon Park. "This funding will propel us forward in achieving our goals and redefining the boundaries of what is possible in the blockchain sphere."
Radius has partnered with Saga and joined the Celestia Ecosystem to advance rollup technology and improve blockchain security. They are also building a MEV-Resistant Decentralized Exchange called 360, which will enhance user experience and security in DeFi. Radius hosted a conference called "Scaling 2023: The Renaissance" with speakers from Starkware, Flashbots, and Osmosis, establishing their leadership in the industry.
About Radius:
Radius is a blockchain technology company pioneering a trustless shared sequencing layer that offers an economical and sustainable solution for Rollups and protects their users from harmful MEV. With its novel approach, Radius aims to revolutionize the Rollup space and contribute to the broader adoption of blockchain technology. Radius will launch an alpha version of its sequencing layer in Q1 of 2024.
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