HyveDA secures $50m in pre-deposits after Symbiotic mainnet launch
Hyve, a high-throughput middleware data availability protocol secured by Symbiotic, raised $50 million in pre-deposits from restakers in as little as two weeks between January 28 and February 14 for HyveDA, a novel data availability solution, as per the latest information shared with Finbold. The drive started at exceptional speed as it clocked $25 million in total value locked (TVL) within the initial hours before slowing down due to the shockwave emerging from President Donald Trump’s tariff announcements. As HyveDA explained, the decentralized funding drive, had to be capped at $50 million despite exceptionally high demand to ensure a controlled and secure onboarding process, allowing the protocol to scale responsibly while maintaining robust security and performance. Picks for you DeepSeek AI predicts XRP price for Q1 2025 ...