Solana cross-chain auction protocol Mayan completes $3 million seed round of financing, led by Borderless Capital and others

2024-04-11 21:13:38BlockBeats

According to BlockBeats, on April 11, the cross-chain auction protocol Mayan completed a $3 million seed round of financing. This round of financing was jointly led by 6th Man Ventures (6MV) and Borderless Capital, and Solana Ventures, Hash3, Big Brain Holdings, Arrington Capital, Wormhole Cross-Chain Ecosystem Fund, Solana co-founder Anatoly Yakovenko and Wormhole Labs co-founder Saeed Badberg participated in the investment (the seed round includes all the funds raised by Mayan). Mayan is built on Solana and can find the best rate for users to execute transactions from any blockchain. The protocol converts input tokens into USDC, a stablecoin pegged to the US dollar, and then sends it to the final destination using Circle's Cross-Chain Transfer Protocol (CCTP). The on-chain system facilitates inter-blockchain transmission by burning USDC on the source chain, casting USDC again on the target chain, and communicating between Circle and the source chain.

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Price	$172.12 USD	Price Change (24h)	+5%	Trading Volume (24h)	$2,534,433,021.88 USD
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Solana cross-chain auction protocol Mayan completes $3 million seed round of financing, led by Borderless Capital and others

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