Analog Raises $5M to Transform Blockchain Interoperability

• Analog raises $5M to improve cross-chain interoperability for Web3.
• Over 50 projects are building on Analog’s omnichain protocol to improve dApp functionality.

Inter-blockchain interoperability pioneer Analog now has $5 million in the latest funding round. Currently, this amounts to a total of $21 million. The funding came from well-known venture capital firms and investors, including Tribe Capital, Balaji Srinivasan, and Wintermute. The first round of funding was incubated by Binance. Analog is now preparing to begin its Token Generation Event (TGE). This positions the company at a fully diluted valuation (FDV) of approximately $300 million.

Analog is the innovator revolutionizing blockchain interoperability with the Proof of Time protocol, providing one-stop for cross-chain and multi-chain integration. Analog aims to simplify the experience of interacting in multiple blockchain networks by enabling decentralized applications (dapps) to run seamlessly on a variety of different blockchain networks. The chain-agnostic nature of the platform makes it a gateway for the development of omnichain applications by allowing EVM, Polkadot, as well as soon, Solana, and TON chains.

New era for cross-chain interoperability with Analog

The first product by Analog, Zenswap, is a decentralized exchange where asset swapping becomes achievable across multiple chains; it does this by using liquidity routing on USDC. This demonstrates exactly how Analog’s infrastructure, through its practical capabilities, can bridge various blockchain ecosystems.

The innovations in this platform, particularly the GMP protocol, enable developers to build omnichain dapps, DEX, NFT minting platforms, and liquidity aggregators. This opens new possibilities for decentralized applications and blockchain ecosystems. With over 345,000 accounts on its testnet, and more than 50 projects committed to developing its protocol, Analog is assuming an important place in the future of blockchain technology.

Analog sets itself up to become the leader in overcoming Web3’s fragmentation and inefficiencies with its scalable, developer-friendly platform. Efforts to improve cross-chain operability, security, and efficiency are crucial for integrating institutions, developers, and users into the decentralized economy.