Zircuit, an EVM-compatible ZK rollup with AI-enhanced collator-level security, announced the completion of a new round of financing, with participation from Binance Labs, Mirana Ventures, Amber Group, Selini, Robot Ventures, Nomad Capital, Borderless Capital, and angel investors from Renzo, Etherfi, Pendle, Parallel, LayerZero, Axelar, F 2 Pool, Nonce, KelpDAO, ETHGlobal, Maelstrom and other projects. With this financing, Zircuit is able to accelerate the growth of the ecosystem and network activity based on its technical foundation and over $2.9 billion in staked assets.
Since 2022, the Zircuit team has introduced a new on-chain security approach to build a new L2 network. Zircuit protects DApps and their users from blockchain vulnerabilities through its novel infrastructure, which is protected by sorter-level security and built-in automated AI technology to prevent smart contract vulnerabilities and malicious actors. The networks hybrid architecture constitutes a fast, low-cost, EVM-compatible ZK rollup, providing users with high security without compromising speed and compatibility.
Backed by its strong security infrastructure, Zircuit plans to become a hub for re-staking assets, providing security while enabling users to earn native yields. The re-staking track is still in its early stages and is developing rapidly, with new LRT protocols emerging, making it difficult even for experienced users to track and choose the safest and best protocols to deploy their funds. Zircuit aims to solve this problem and become the main liquidity hub for staked assets (ETH, BTC, LST, and LRT), where users can easily allocate funds and the funds will be deployed to highly secure, high-quality protocols.
“At Binance Labs, we support projects that innovate in the Web3 space and advance the blockchain industry,” said Yi He, co-founder of Binance and head of Binance Labs. “By integrating collator-level security, Zircuit provides a more secure L2 solution, and we look forward to seeing its further development and growth.”
Erick Zhang, Managing Partner at Nomad Capital, said: Security is an ongoing issue in the crypto space, with vulnerabilities emerging almost every day. Zircuit was founded by top security experts and leads the industry with its best-in-class security architecture. The teams clear growth strategy has achieved explosive growth in TVL, and we are pleased to support and continue to work with the Zircuit team.
“As the Web3 space accelerates towards mainstream adoption, Zircuit will drive this growth by providing the necessary infrastructure,” said Martin Derka, co-founder of Zircuit. “Our years of research into rollups and blockchain security have enabled us to build a highly secure and scalable L2 network. We are proud to have the support of Binance Labs, Mirana Ventures, and other investors as we approach Phase 1 of Mainnet.”
Zircuit’s mainnet phase 1 is expected to launch in the coming weeks.
Learn more about Zircuit: Official Website | X/Twitter
