Investing.com – This week has been a busy one for blockchain companies and platforms within the ecosystem, with new funding rounds, new analytics tools and an increase in developer participation.
Below is a summary of the top stories that made headlines in this week's roundup.
Hyperbridge raises $2.5 million in funding
Blockchain company Hyperbridge has secured $2.5 million in seed funding from the Web3 Foundation and Scytale Digital to increase the use of Polkadot’s architecture for decentralized applications and scalability.
The company also won a parachain slot on Polkadot, raising an additional $2.7 million through a crowd loan, which became the most successful campaign of its kind on the network.
Hyperbridge develops cross-chain interoperability through a hub model, incorporating zero-knowledge technology for secure cross-chain storage and messaging.
The Tie launches an analytics dashboard for Polkadot
The Tie, a digital asset and market data analytics provider, has launched a Polkadot ecosystem dashboard for institutional clients.
The new dashboard offers a suite of analytics on Polkadot-based assets, allowing users to monitor network performance and explore projects within the ecosystem. The platform helps investors and traders make informed decisions by providing a comprehensive view of the Polkadot network dynamics.
Dune Expands Data Coverage to All Polkadot Parachains
Blockchain analytics platform Dune has expanded its data coverage to include over 50 parachains in the Polkadot ecosystem.
The integration offers real-time insights into all on-chain activities, allowing users to analyze transactions, decentralized finance (DeFi) activities, gaming developments, and NFTs. Dune’s expanded coverage includes major parachains such as Moonbeam, Acala, Phala, and Mythos.
Kampela secures DAO funding on Polkadot
Crypto hardware startup Kampela has become the first company to secure full funding through a Decentralized Autonomous Organization (DAO) on the Polkadot network.
The funding supports Kampela’s hardware wallet, which uses NFC technology and requires no wired charging or battery.
EasyA Surpasses 1 Million Downloads, Increases Participation on Polkadot
Web3 educational app EasyA has surpassed 1 million downloads on iOS and Android, and over 100,000 developers have learned about Polkadot through the platform.
Founded in 2020 by Phil and Dom Kwok, EasyA has quickly become a key resource for both new and experienced developers, helping to drive increased activity on the Polkadot network.
