Vybe Network Raises $2.5 Million Seed Round to build the next-gen Data Network for Web 3.0

Vybe Network is delighted to announce the closing of a $2.5 million funding round which was supported by leading venture capital firms and angel investors.

The seed round was co-led by Lemniscap, Alameda Research, and Sino Global Capital. The round also had participation from Inscribed, SVC, Zokyo, Switchboard, Chris McCann (early Solana & FTX investor), and other well-positioned strategic angel investors.

The Vybe team started with 4 founding members with a shared goal to provide tooling that allows users to easily stream and query both real-time and historical data from a distributed network of indexers. At Vybe we believe rich and accessible data has huge value to the community. Their MVP is live and they are currently integrating and partnering with other Solana protocols to create a strong network of accessible real-time data. The seed capital raise has allowed them to grow the team and will also help fund further development of their infrastructure and overhead costs associated with a robust data network.

Our MVP has three key features: the Vybe catalog, GraphQL Explorer, and Vybe API.

The catalog is a comprehensive directory of Solana protocols. Each page will contain information about the dApp along with links to the protocols documents, socials, and tokens (if applicable). Protocols that are accessible via our API will be displayed on our “Vybe Channels” tab. This will provide direct interfaces into the protocol’s program data and enable users to query live on-chain data using our GraphQL explorer. The explorer in addition to real-time data will provide access to events and accounts.

Vybe Network is currently powering Project Serums analytics. Keep an eye on the Serum markets and see our data and API in action!

Matthew Graham, CEO Sino Global Capital

“Vybe enables a new wave of analytics on the Solana blockchain by providing an indexed database of on-chain activity, queryable through their highly intuitive VybeQL interface. The data and product are used heavily by our team to research protocol statistics and are vital to governance teams who need actionable data and would otherwise have to build this important piece of the tech stack themselves. Sino Global Capital is proud to support the Vybe team as they move the Solana ecosystem forward, query by query.”

Roderik van der Graaf, Managing Partner at Lemniscap

“Some of the most valuable projects in the industry today have started out by building tools and solutions to address their own usability pains and opening these up to the community. Vybe is a prime example of a team that recognized an important missing part in an up-and-coming ecosystem and delivered a solution on the back of a growing demand. Their relentless pursuit of uncovering the major needs of dApp developers in the Solana ecosystem eventually led to a substantial proof-of-demand for data processing and workflow management even prior to shipping a live product. A vote of confidence that any early-stage entrepreneur strives for. We’re excited to be co-leading their seed round and we’re looking forward to supporting them on their journey of becoming an integral middleware solution for Solana developers.”

Brian Lee, Partner at Alameda Research Ventures

“Vybe Network is providing key middleware for DeFi projects to create analytics and gain valuable insights into their protocols. Having integrated with many of the top protocols, the Vybe team is well-positioned to become an integral infrastructure protocol for the Solana ecosystem. Alameda Research is excited to co-lead the seed round for Vybe Network and will continue supporting their future endeavors”

About Vybe Network

Vybe Network is a data infrastructure solution that enables the Solana community to query, index, and exchange on-chain data to build web 3.0 dApps and analytics!

Website Twitter Medium

SOURCE

DeXe Network In 2022

DeXe Network is an ecosystem of various tools and platforms coming together as the go-to one-stop-shop for DeFi trading. Its keystone is a decentralized social trading platform that operates via…

YDragon and Realm Partnership

Continuing on the YDragon metaverse journey, they have another partnership finalized and ready to announce. This time, it’s with the soon to be launched, multi-chain, play-to-earn game, Realm. Teaming up…

Market Stats:
BTC Dominance: 40.1%(+0.38%/24h)
ETH Dominance: 18.77%(-0.14%/24h)
Defi Market Cap: $131.32B(+3.49%/24h)
Total Market Cap: $1972.35B(-2.12%/24h)
Total Trading Volume 24h: $78.85B(+4.56%/24h)
ETH Market Cap: $371.12B
Defi to ETH Ratio: 35.39%
Defi Dominance: 6.29%
Altcoin Market Cap: $1181.4B
Altcoin Volume 24h: $55.95B
Total Cryptocurrencies: 16949
Active Cryptocurrencies: 9218
Active Market Pairs: 52731
Active Exchanges: 453
Total Exchanges: 1580
Share via
Copy link