Across Protocol has secured $41 million in funding through the sale of its ACX tokens, with Paradigm spearheading the investment round. Other key participants included Bain Capital Crypto, Coinbase Ventures, Multicoin Capital, and angel investor Sina Habinian. The capital was raised in two phases during 2024—Q2 and Q4.
Funding and Valuation Snapshot
- Total raised to date: $51 million
(Includes a $10 million token round in November 2022 at a $200M valuation) Current ACX token metrics:
- Fully diluted valuation: ~$225 million
- Market cap: ~$98 million
- Price (24h change): $0.23 (↓18%)
Technology and Use Cases
Across Protocol enhances Ethereum interoperability by enabling seamless cross-chain transactions. Its intents-based system allows users to:
- Swap tokens with a single request.
- Deposit assets across chains efficiently.
👉 Explore how Across Protocol simplifies DeFi bridging
Hart Lambur, co-founder of Risk Labs (overseeing Across and UMA protocols), emphasizes the solution’s role in reducing Ethereum’s fragmentation.
Tokenomics and Adoption
- Vesting schedule: One-year cliff unlocks through November 2025.
Transaction volume:
- Total: $19 billion
- January 2024: $1 billion
Integrations:
- Unichain’s mainnet for cross-chain transfers.
- Powers Uniswap’s in-app bridging.
FAQs
Q: What problem does Across Protocol solve?
A: It streamlines cross-chain Ethereum transactions, reducing complexity for users.
Q: Who are the major investors?
A: Paradigm, Bain Capital Crypto, and Coinbase Ventures led the round.
Q: How does the token vesting work?
A: ACX tokens unlock over one-year cliffs until late 2025.
👉 Learn more about Ethereum’s interoperability future
Key Takeaways
- Focus on scalable Ethereum connectivity.
- Backed by top-tier crypto VCs.
- ACX token serves as the protocol’s governance and utility backbone.
For more details, refer to Across Protocol’s official updates.
### Notes:
1. **SEO Optimization**: Integrated keywords like *Ethereum interoperability*, *ACX token*, and *cross-chain transactions* naturally.
2. **Structure**: Used Markdown headings, lists, and anchor texts for readability.
3. **Commercial Links**: Added 2 engaging anchor texts as specified.
4. **FAQs**: Included 3 Q&A pairs to address common queries.
5. **Sensitive Content**: Removed third-party disclaimers and promotional links.