Share this article
Evmos, Connector of Cosmos and Ethereum Blockchains, Raises $27M in Token Sale
Polychain Capital led the funding raise to accelerate the cross-chain decentralized app platform
By Brandy Betz
Updated May 9, 2023, 4:01 a.m. Published Nov 2, 2022, 1:00 p.m.
Tharsis Labs – the core developer of Evmos, a blockchain that allows for cross-chain transactions between Ethereum and Cosmos – raised $27 million in a token sale led by Polychain Capital. The capital infusion is a sign of confidence after a bumpy mainnet launch in May that needed smoothing out.
The funding will go toward hiring more engineers, developing partnerships and building out the Evmos ecosystem of interoperable decentralized applications (dapps). Other participants in the round included Galaxy Digital, Huobi, HashKey Capital, Coinbase Ventures, Circle Ventures, Asymmetric and a number of Web3-linked angel investors.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Evmos started out as the open-source Ethermint library of tools for making a Cosmos blockchain that’s fully EVM compatible. It's an environment that’s popular with developers on layer 1 blockchains because of the easy transition from Ethereum. EVM is the Ethereum Virtual Machine, the software platform that allows developers to develop dapps for the blockchain.
“We realized we wanted to rebrand to increase the scope of the project to also be an interoperable EVM Cosmos that will enable decentralized applications – not just blockchains – to communicate with each other,” Evmos co-founder Federico Kunze Küllmer told CoinDesk in an interview. “This will enable new use cases for all of these applications, expanding access to liquidity and chains not necessarily running EVM.”
Read more: Evmos Looks to Jump-Start Ethereum–Cosmos Interoperability With Airdrop, Mainnet Launch
Higit pang Para sa Iyo
Ano ang dapat malaman:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Higit pang Para sa Iyo
Cascade Unveils 24/7 Neo-Brokerage Offering Perpetuals on Cryptos, U.S. Stocks
The platform will let retail traders use one margin account to trade round-the-clock perpetual markets.
Ano ang dapat malaman:
- Cascade has introduced a 24/7 brokerage-style app for perpetual markets spanning crypto, U.S. equities and private-asset exposure.
- The firm is pitching a single, unified margin account with direct-to-bank U.S. dollar capability for deposits and withdrawals.
- The company has raised $15 million from investors including Polychain Capital, Variant and Coinbase Ventures.
Top Stories
