Zircuit Announces Raise Of Mainnet Funding Round with Participation from Binance Labs and Others

Zircuit, a cutting-edge blockchain project, has recently secured significant funding from a range of well-known investors. These include Binance Labs, Mirana Ventures, Amber Group, Selini, Robot Ventures, Nomad Capital, Borderless Capital, and several prominent angel investors. The project’s impressive list of supporters includes the founders of Renzo, Etherfi, Pendle, Parallel, LayerZero, Axelar, F2Pool, Nonce, KelpDAO, ETHGlobal, Maelstrom, and many others. Thanks to the new funding, Zircuit can accelerate ecosystem growth and activity on its network. This is possible due to its solid technical foundation and the impressive $2.9 billion in staked assets.

Since 2022, the Zircuit team has developed a cutting-edge L2 network with a groundbreaking approach to onchain security. Zircuit provides a robust infrastructure that ensures the safety of dApps and their users by implementing advanced security measures and utilizing artificial intelligence to prevent smart contract vulnerabilities and malicious activities. The network’s hybrid architecture enables a rapid, cost-effective, and fully EVM-compatible ZK rollup, providing unmatched security for users while maintaining speed and compatibility.

With its robust security infrastructure, Zircuit aims to establish itself as a central hub for restaked assets, offering unmatched security and enabling users to earn top-tier yields seamlessly. The world of liquid restaking is still in its early stages and changing quickly. New LRT protocols are constantly appearing, making it difficult for even experienced users to keep up and select the most reliable and secure protocols for investing their capital. Zircuit aims to solve this issue by positioning itself as a prominent liquidity hub for restaked assets such as ETH, BTC, LSTs, and LRTs. Users can effortlessly allocate their capital and feel confident that their funds are being deployed to the most secure and top-notch protocols.

“At Binance Labs, we support projects that are innovating in Web3 and accelerating the blockchain industry. Through its integration of sequencer level security, Zircuit is providing a more secure L2 solution and we look forward to watching it grow and develop further,” said Yi He, Co-Founder of Binance and Head of Binance Labs.

“Security has been a persistent issue in the crypto space, with breaches occurring almost daily. Zircuit, founded by top security veterans, leads the industry with its best-in-class security architecture. The team’s clear growth strategy has led to explosive growth in assets locked since launch,” said Erick Zhang, Managing Partner of Nomad Capital. “We are excited to support and continue working with the Zircuit team.”

“As the web3 space accelerates toward mainstream adoption, Zircuit will empower this growth by providing the necessary infrastructure to onboard the masses. Our years of research into rollups and blockchain security have allowed us to build an L2 network with unparalleled security and scalability. We’re proud to have the support of Binance Labs, Mirana Ventures, and our other investors as we approach our first phase of Mainnet and establish Zircuit as a cornerstone in the industry,” stated Martin Derka, co-founder of Zircuit.

Zircuit’s Mainnet Phase 1 is set to launch in the coming weeks.

To learn more about Zircuit, users can visit zircuit.com or read the developer docs at docs.zircuit.com.

To participate in Build to Earn, users can visit: https://build.zircuit.com/.

To participate in Zircuit Staking, users can visit: https://stake.zircuit.com/.