A new player in the blockchain space is aiming to tackle scalability and privacy without compromising decentralization—and it just raised $25 million to do it.
Miden, a zero-knowledge-focused network spun out of Polygon Labs, secured backing from top investors including a16z Crypto, Hack VC, 1kx, and several well-known figures in the Web3 space.
Unlike traditional chains, Miden plans to shift computation to users’ own devices through what it calls “edge execution,” a design that eliminates the need for centralized validators while preserving privacy.
The protocol is being built with institutions in mind, targeting the growing demand for secure, compliant blockchain infrastructure.
Miden’s launch strategy includes integrating with Polygon’s broader cross-chain liquidity system and offering an airdrop of its native token to existing Polygon stakers. The network is expected to go live in late 2025.
The team behind Miden sees its approach as a missing piece in today’s blockchain stack—especially for enterprises that need private, censorship-resistant smart contract platforms.
With growing interest in tokenized finance and confidential transactions, Miden is positioning itself not just as another Layer 2, but as a new standard for programmable privacy at scale.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/this-project-wants-to-fix-what-every-blockchain-gets-wrong-and-just-got-funded/