Full-service investment company Genesis Block Ventures (GBV) announces an investment in Raydius Research. Genesis Block Ventures would support the development of the cross-chain middleware platform to bridge between Layer-2 solutions.
Raydius is a Layer-2 blockchain network aimed at solving the scalability issue for Ethereum. Built on Substrate, Raydius is uniquely designed with EVM compatibility. It bridges and connects different Layer-1 and Layer-2 scaling solutions including rollup chains, side chains, and state channels. It enables decentralized applications (dApps) to offer a cheaper, seamless, cross-chain transaction experience for end users.
Raydius innovates in middleware offerings to connect to protocols via cross-chain API, to support limitless types of assets across different infrastructure layers – Ethereum, Polkadot, Binance Smart Chain (BSC), Avalanche, Solana, among others – such that dApps can leverage the best of multiple ecosystem services and top liquidity products. On Raydius, users could choose the asset pairs and find the best routing in terms of transaction time and fees.
Raydius: Cross-Chain Bridge for Layer-2 Solutions
With a mission of building the future through blockchain technology, Genesis Block Ventures has invested in some of the most prominent blockchain startups, making sure that these projects achieve success through strategic partnerships and guidance. Over the years, GBV has added to its portfolio many renowned projects, including OMG Network, Serum, AstroTools, Alpha Finance, Mercurial Finance, to name a few.
The Ethereum protocol is the dominant protocol for DeFi and DApp today. However, with more dApps building around the Ethereum ecosystem and more transactions happening on the network, slow performance and high gas fees have become the major pain points.
We are now entering an exciting new phase of blockchain development in which different Layer-2 solutions that operate on top of Layer-1 blockchains promise big strides in scalability, interoperability and functionality. That’s why we’re excited to announce our investment in Raydius.
What impresses us most about Raydius is their vision and technological capability to fundamentally address the major challenges in the blockchain space. As an EVM-compatible PoS-based blockchain on the Substrate framework, Raydius aggregates cross-chain bridges and provides the one-stop solution for users to use applications on different blockchains. Raydius’ middleware solution makes blockchain – in particular fast growing DeFi applications – more accessible for everyone.
“Raydius achieves liquidity, security, usability, compatibility, low cost and seamless user experience. It is set to thrive with the maturity of Layer-2 technology and benefits from partnership with more Layer-1 and Layer-2 ecosystems to create a more connected multi-chain future!” — Leslie Tam, Genesis Block Ventures’ Co-Founder and Partner.
About Raydius Research
Raydius is a Layer-2 blockchain aimed at solving the scalability issue with the current blockchain infrastructure and is designed with EVM compatibility.
Built on Substrate, Raydius provides the bridge to connect different Layer-2 solutions such that decentralized applications could offer a seamless transaction experience for end users.
About Genesis Block Ventures
Genesis Block Ventures (GBV) is a full-service investment company closely working with Genesis Block HK, Asia’s leading digital asset over-the-counter (OTC) trading center.
As a private investment company with a mission of building the future through blockchain, Genesis Block Ventures is an active participant in the DeFi revolution, and has grown a thriving network to form an effective ecosystem for all aspects of blockchain, crypto, and DeFi projects.