Cross-chain protocol Across completes US$41 million financing, led by Paradigm

PANews reported on March 4 that according to The Block, Across Protocol, which focuses on cross-chain interoperability, completed a US$41 million token financing, led by Paradigm, with Bain Capital Crypto, Coinbase Ventures, Multicoin Capital and angel investor Sina Habinian. This round of financing was carried out in two phases, completed in Q2 and Q4 in 2024, with a total financing amount of US$51 million.

Across focuses on intention-driven cross-chain transactions, and supports users to transfer cross-chain assets through a single request, with an average transaction time of less than 5 seconds. Its technology is based on the ERC-7683 standard, which has been adopted by more than 50 protocols such as Base, Arbitrum, Polygon and Optimism, and is used for the cross-chain bridging function of Uniswap. As of now, Across has processed a cumulative transaction volume of US$19 billion, of which the monthly transaction volume in January 2025 exceeded US$1 billion.