The round also doubled the net-worth of the richest known crypto billionaire in the world and FTX founder, Sam Bankman-Fried, bringing it up from $8.3 billion to $16.2 billion. The asset now stands at over $27 billion in circulation and the company claims it has supported more than $785 billion in on-chain transactions. The company has integrated with platforms like Coinify, a crypto payments and exchange platform; Changelly, a crypto exchange; and Compound, a decentralized crypto borrowing and lending platform. Post-money valuation: N/APrevious valuation: N/AA proof-of-stake blockchain challenger to Ethereum, Solana claims to deliver both improved scalability and speed. In July, mere two months since launch, Bullish revealed plans to go public via a SPAC merger at a $9 billion valuation.

Source: Forbes August 11, 2021 15:03 UTC