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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.
Автор Brandy Betz
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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- 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.
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Crypto Firm Tether Says It Wants to Take Over Italian Football Club Juventus
The issuer behind the most popular stablecoin said that if the bid succeeds, it prepares to invest $1 billion in the football club.
Что нужно знать:
- Tether said it aims to take over popular Italian football club Juventus FC.
- The firm proposed to acquire Exor's 65.4% stake in an all-cash offer, and intends to make a public offer for the rest of the shares.
- Tether reported net profits exceeding $10 billion this year, while its flagship token USDT is the world's dominant stablecoin with a $186 billion market capitalization.
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