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

Hyve's solution, HyveDA, is a completely permissionless data availability layer that currently supports 1 GB of throughput per second. This technological advancement is expected to improve blockchain data processing efficiency and meet growing market demand.

This financing will help Hyve further optimize its data availability layer and provide more efficient and reliable data services for the blockchain ecosystem. The market's attention and investment enthusiasm for this field are also increasing.