Radius has completed a $7 million seed round of financing led by Pantera Capital.

Radius announced the completion of a $7 million seed round financing led by Pantera Capital, aimed at developing the decentralized network Lighthouse, which intends to transform Maximum Extractable Value (MEV) into a revenue source for Rollups, thereby reducing reliance on transaction fees. Radius's model helps Rollups tackle high Layer 1 costs and limited fee income issues by releasing "benign MEV" and promotes ecosystem development. (TheBlock)