{"id":60014,"date":"2022-04-12T19:34:28","date_gmt":"2022-04-12T16:34:28","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=60014"},"modified":"2025-09-05T01:04:40","modified_gmt":"2025-09-04T22:04:40","slug":"bloxroute-labs-raises-70-million-to-boost-high-frequency-defi-trading","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bloxroute-labs-raises-70-million-to-boost-high-frequency-defi-trading\/","title":{"rendered":"bloXroute Labs raises $70 million to boost high-frequency DeFi trading"},"content":{"rendered":"<p>The bloXroute Labs team closed a $70 million Series B funding round, led by SoftBank Vision Fund 2. The funds will be used to advance high-frequency trading in the DeFi space.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Insane how in 4 yrs we moved from<br \/> \u2014 \u00abthis a is a really cool idea!\u00bb<br \/>to<br \/>\u2014 \u00abwe raised another $70M from Softabnk, Flow Traders, Lightspeed, Jane Steet, etc\u00bb<\/p>\n<p>life is wild! \u2728 <\/p>\n<p>best part \u2014 this is *nothing* compared to what <a href=\"https:\/\/twitter.com\/bloXrouteLabs?ref_src=twsrc%5Etfw\">@bloXrouteLabs<\/a> will unleash later this year! <a href=\"https:\/\/t.co\/efH15PHzI5\">https:\/\/t.co\/efH15PHzI5<\/a><\/p>\n<p>\u2014 Uri \/\/ klarman.eth (@uriklarman) <a href=\"https:\/\/twitter.com\/uriklarman\/status\/1513896265238650885?ref_src=twsrc%5Etfw\">April 12, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In the round, Dragonfly Capital, ParaFi Capital, Lightspeed Venture Partners, GSR, Jane Street, Flow Traders, RBF Capital and others also participated.<\/p>\n<p>The valuation of bloXroute Labs was not disclosed. Total capital raised stands at $95 million.<\/p>\n<p>The funds will be used to increase its staff from 30 to 100.<\/p>\n<p>The startup positions itself as \u00abFlash Boys for DeFi\u00bb \u2014 the BackRunMe solution enables confidential transactions, resistant to <a href=\"https:\/\/u1f987.com\/en\/news\/the-invisible-tax-on-ethereum-what-mev-is-and-how-to-counter-it\">front-running and sandwich attacks<\/a>. Users can avoid network congestion and quickly obtain important trading information such as market orders.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u00abIn DeFi you need to be connected to everyone, because important information \u2014 prices, positions, arbitrage opportunities \u2014 can come from anywhere. BloXroute spreads data nearly at the speed of light, enabling our users to make more advantageous trades\u00bb<\/em>, \u2014 explained Uri Klarman, the startup\u2019s CEO, to <a href=\"https:\/\/www.theblockcrypto.com\/post\/141590\/bloxroute-raises-funding-softbank-defi-infrastructure\">The Block<\/a>.<\/p>\n<\/blockquote>\n<p>The solution supports Ethereum, BNB Chain and Polygon.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u00abWe anticipate interesting use cases for the product in areas such as NFTs, metaverses and blockchain games\u00bb,<\/em> \u2014 said <a href=\"https:\/\/www.coindesk.com\/business\/2022\/04\/12\/defi-firm-bloxroute-raises-70m-to-fund-expansion-in-softbank-led-round\/\">CoinDesk<\/a> Aaron Wong, a representative of SoftBank Investment Advisors.<\/p>\n<\/blockquote>\n<p>In March 2022, the DeFi project 1inch<a href=\"https:\/\/forklog.io\/defi-proekt-1inch-zapustil-mobilnyj-koshelek-dlya-ustrojstv-na-android\/\"> launched<\/a> a mobile wallet for Android devices. Among its features is support for <a href=\"https:\/\/help.1inch.io\/en\/articles\/5300755-what-are-flashbot-transactions-and-how-do-they-work-on-1inch#:~:text=For%20Flashbot%20transactions%2C%20you%20can,gas%20price%2C%20multiplied%20by%20three.\">Flashbot-transactions<\/a>, protecting users from front-running and sandwich attacks.<\/p>\n<p> Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bloXroute Labs team closed a $70 million Series B funding round led by SoftBank Vision Fund 2. The funds will be used to advance high-frequency trading in the DeFi space.<\/p>\n","protected":false},"author":1,"featured_media":60015,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1267,1093,1231],"class_list":["post-60014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-trading","tag-defi","tag-mev"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=60014"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60014\/revisions"}],"predecessor-version":[{"id":60016,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60014\/revisions\/60016"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/60015"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=60014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=60014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=60014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}