BEAMSTART Logo

HyveDA Raises $50M in Pre-Deposits Following Symbiotic Mainnet Launch

TheNewsCrypto LogoTheNewsCrypto1w ago

HyveDA Raises $50M in Pre-Deposits Following Symbiotic Mainnet Launch - TheNewsCrypto

Quick Summary:

Hyve, a high-throughput middleware data availability protocol that is safeguarded by Symbiotic is ecstatic to announce that it has secured pre-deposits totaling $50 million dollars from early contributors (restakers) in only two weeks.

The introduction of the Symbiotic mainnet on Tuesday, January 28th, marked the beginning of pre-deposits for HyveDA’s high-performance Data Availability solution.

By demonstrating that Hyve is committed to and capable of resolving scalability issues related to DA, HyveDA is paving the way for the next generation of blockchain ecosystems and applications using blockchain technology.

More Pictures

HyveDA Raises $50M in Pre-Deposits Following Symbiotic Mainnet Launch - TheNewsCrypto (Picture 1)

or

Article Details

Author / Journalist: Mohamed Faisal

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-14 @ 18:59:50 (1 weeks ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 816 words

Reading Time: 5 minutes read

Sentences: 49 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 26156160

View Article Analysis

About TheNewsCrypto

TheNewsCrypto Logo

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 41 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 12 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "HyveDA Raises $50M in Pre-Deposits Following Symbiotic Mainnet Launch" has 816 words across 49 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Which news outlet covered this story?

The story "HyveDA Raises $50M in Pre-Deposits Following Symbiotic Mainnet Launch" was covered 1 weeks ago by TheNewsCrypto, a news publisher based in United Arab Emirates.

How trustworthy is 'TheNewsCrypto' news outlet?

TheNewsCrypto is news outlet established in 2020 that covers mostly crypto news.

The outlet is headquartered in United Arab Emirates and publishes an average of 41 news stories per day.

It's most recent story was published 12 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #26156160
  • URL: https://chronographically.beamstart.com/news/hyveda-raises-50m-in-pre-17395704758586

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2025 BEAMSTART. All Rights Reserved.