The blockchain DA project Hyve, backed by Symbiotic, has completed a $1.85 million seed round of financing, led by Lemniscap.

According to Deep Tide TechFlow, on October 17, the blockchain data availability (DA) project Hyve, backed by Symbiotic, completed a $1.85 million seed round of financing, led by Lemniscap, with participation from Paper Ventures, Frachtis, and others. It is reported that Hyve is a blockchain data availability provider guaranteed by the re-staking protocol Symbiotic. Hyve's flagship solution, HyveDA, is a fully permissionless data availability layer that offers a throughput of 1 GB per second from the start, with the goal of significantly increasing it to over 50 GB/s as the network grows.