$1.42M Raised in Blockchain Funding Focused on Ethereum and Blast L2 Ecosystems

The cryptocurrency and blockchain sector is witnessing significant funding activities, with notable investments in projects within the Ethereum and Blast Layer 2 ecosystems. TornadoBlastBot announced a strategic funding round backed by industry veterans and major players from the Blast and Ethereum ecosystems, aiming to enhance tools for traders and degens in the Blast_L2 ecosystem. Similarly, the $DEGEN project, associated with Farcaster's community, successfully completed its angel investing round, raising $1.42 million. The round was led by 1confirmation, with Perl_xyz as the #1 partner, intending to expand the Degen ecosystem and community while focusing on the social finance system in the purple society. Additionally, partnerships are being formed, such as the one between DTX and MangroveDAO, to improve liquidity strategies on the Blast_L2 platform, with MangroveDAO serving as an adaptive liquidity layer. These developments underscore the growing interest and investment in blockchain technologies and decentralized finance (DeFi) projects.