Flashbots Raises $60M in Series B Round Led by Paradigm for MEV Network Development.

Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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Flashbots, an Ethereum-centric research and development startup, has raised $60 million in a Series B funding round led by crypto-focused investment firm Paradigm. The funds will be used to further develop the startup’s maximum extractable value network, SUAVE, which aims to remove the negative impacts of MEV. SUAVE is an independent network that can act as a mem pool and decentralized block builder, creating cheaper and more private transactions for users. Flashbots also builds MEV-boost, a piece of MEV-optimizing middleware used by most of the validators that operate Ethereum. 

Source: https://coinpedia.org/crypto-live-news/flashbots-raises-60m-in-series-b-round-led-by-paradigm-for-mev-network-development/