ChainCatcher news, according to The Block, MegaETH developer MegaLabs has completed a $10 million financing through the Echo platform. MegaLabs co-founder Shuyao Kong stated that the structure of this round of financing is equity plus token warrants, similar to MegaLabs' $20 million seed round financing in June. In addition, the valuations for both rounds of financing are "hundreds of millions of dollars."

ChainCatcher news, Initia announced on platform X that it completed a $2.5 million community round of financing on the Echo platform in less than two hours. This financing was conducted at a token valuation of $250 million, which represents a 28.57% decrease from its $350 million Series A valuation.It is reported that Initia has completed $14 million in Series A financing, led by Theory Ventures.