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Paradigm leads $20M funding round for Ellipsis Labs DeFi expansion

Crypto exchange developer Ellipsis Labs secured $20M in Series A funding led by Paradigm. Electric Capital also participated. The funding will boost their DeFi tech stack and Solana-based DEX, Phoenix.

United statesMike neuderAnatoly yakovenkoJustin drakeEthereum foundation sreeram kannanEllipsis labsElectric capitalEthereum foundationSreeram kannanSolana labsUri klarmanMerkle manufactory

Paradigm Leads $20 Million Series A Round for DEX Developer Ellipsis Labs

Crypto exchange developer Ellipsis Labs raised $20 million in Series A funding led by the venture firm Paradigm. Electric Capital also participated in the round, which had additional support from Justin Drake and Mike Neuder of the Ethereum (CRYPTO: ETH) Foundation, Sreeram Kannan from EigenLayer, Anatoly

Justin drakeAnatoly yakovenkoMike neuderFoundation sreeram kannanEllipsis labsElectric capitalSreeram kannanUri klarman

Ethereum Is Becoming More Concentrated After a Key Infrastructure Provider Dropped Out

Ethereum Is Becoming More Concentrated After a Key Infrastructure Provider Dropped Out
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Jim mcdonaldLeland leeBen edgingtonUri klarmanXroute labsGlobal financial crisisGalaxy digital

ethereum: Ethereum is becoming more concentrated after a key infrastructure provider dropped out

On September 27, blockchain infrastructure provider Blocknative said it will stop operating as a so-called relay, a key participant in adding blocks of transactions to the Ethereum blockchain. Its exit leaves only four other major relay players to handle most Ethereum blocks and raises concern of potential problems, ranging from the censorship of transactions to stealing of other key operators profits.

Ben edgingtonLeland leeJim mcdonaldOffering collegeIndian school of businessNorthwestern universityTech prowessHigh value skillPost graduate certificateUri klarmanXroute labsGlobal financial crisisGalaxy digitalEthereum ecosystem

Ethereum insiders to get fee cuts that others won t in upgrade

One of the justifications for the WARM Coinbase change is that it should help improve economics of the builders’ business.

Nathan worsleyTim beikoWilliam morrissMatt nelsonCoinbase globalUri klarman

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