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Welcome to the latest edition of Cryptox’s decentralized finance newsletter.This week has been full of funding raises, innovations, service deployments and a bit of volatile technical price action — for a change.Axelar Network attains $1B valuation following secondary raiseThe Axelar Network announced the completion of a $35-million Series B funding
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The Axelar Network has announced the completion of a $35 million Series B funding round, pushing its market value above $1 billion. Participants of the round include Dragonfly Capital, Polychain Capital and North Island Ventures, among others.The raise succeeds a previously undisclosed round led by the head of Crypto.com Capital,
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Axelar, a decentralized protocol designed by the founding members of Algorand to allow cross-blockchain communication, has raised $3.75 million in seed funding.Announced Thursday, the round saw participation from investors including Binance X, the investment arm and accelerator of cryptocurrency exchange Binance, as well as San Fransisco-based venture capital firm DCVC
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