ChainCatcher news, the Manta Foundation announced a strategic investment in the chain abstraction liquidity aggregation protocol Cycle Network, with the specific financing amount undisclosed. Other investors include Summer Ventures, Vertex Ventures, and others.Cycle Network has applied for the Manta Foundation's $50 million ecosystem fund. This investment aims to promote Web3 development, particularly in enhancing liquidity, cross-chain connectivity, and efficiency among ecosystems.It is reported that Cycle Network was selected for Binance Labs' seventh season incubation program in July this year.

ChainCatcher news, Cycle Network is a blockchain-agnostic unified liquidity network that will leverage Symbiotic to support the construction of aggregated sorters. Recently, Symbiotic announced its first round of funding led by Paradigm and Cyber Fund. Cycle will explore building a unified liquidity layer together with Symbiotic, facilitating the construction of any token combination in a chain-agnostic staking yield protocol.

ChainCatcher news, according to The Block, the trustless full-chain ledger protocol Cycle Network has announced the completion of a million-dollar Series A funding round, with the specific amount not disclosed. Vertex Ventures and Summer Ventures, under Temasek Holdings, led the round, with participation from LTP, Super Chain Capital, GSG Digital, and others.It is reported that Cycle Network has launched a solution to the interoperability issues in the blockchain field, introducing a trustless method of exchanging information for blockchains through its innovative fully distributed ledger technology (ODLT), addressing the fragmentation problem of blockchain networks.