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Republic Capital Leads $6M Round in Cross-Chain Bridge Swing
Now valued at $60 million, the liquidity and bridge protocol was previously known as Polkaswitch.
By Brandy Betz
Updated May 11, 2023, 5:59 p.m. Published Jan 25, 2022, 5:00 p.m.
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Swing, a cross-chain liquidity and bridge protocol, has raised $6 million in a strategic funding round led by Republic Capital at a $60 million valuation.
- Other participants in the round included layer 2 scaling network Celer, Bitcoin.com and Morningstar Ventures, among others.
- Formerly known as Polkaswitch, Swing helps traders and yield farmers move crypto across a number of layer 1 (base layer) and layer 2 (companion network) blockchains, including Ethereum, Polygon, Avalanche, Binance Smart Chain, Arbitrum and Moonriver.
- The Swing token is a governance token standardized with ERC-20 and native to the Swing network and its decentralized autonomous organization (DAO) of traders, liquidity providers and stakers.
- “Unlocking cross-chain liquidity is essential to the continued growth of the blockchain and crypto industry. Crypto capital will travel across chains to the protocols that are best positioned to serve the multitude of new users entering the space, regardless of what ecosystem they’re currently invested in,” said Swing CEO Viveik Vivekananthan in a statement.
Read more: Router Protocol Raises $4.1M to Bridge EVM and Non-EVM Chains
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Ano ang dapat malaman:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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R3 bets on Solana to bring institutional yield onchain
As DeFi investors seek stable, uncorrelated returns, R3 is building Solana-native structures to bring private credit and trade finance into crypto markets.
Ano ang dapat malaman:
- R3 has repositioned itself around tokenization and onchain capital markets, with Solana as its strategic base.
- The firm is targeting high-yield, institutional assets like private credit and trade finance, packaged in DeFi-native structures.
- Liquidity, not tokenization itself, is the next unlock for real-world assets onchain, according to R3 co-founder Todd MacDonald.
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