PANews reported on October 18 that according to official news, modular DA solution Hyve DA announced the completion of a $1.85 million seed round of financing, led by Lemniscap, with participation from Paper Ventures, Frachtis, P-OPS Team, etc. This round of financing will enable it to expand its team and product scale, bringing it closer to Hyve DA's upcoming testnet.
According to reports, Hyve DA is an Ethereum-based middleware data availability layer that provides a modular DA solution that achieves a non-theoretical 1 GB/s throughput using instant data availability proof, horizontal expansion, and a permissionless data availability committee (DAC). Hyve DA is designed to meet the needs of applications with extremely high data requirements, such as DePIN, AI, parallel execution environments, and L2.
