Ava Protocol Secures $4.5 Million in Seed Plus Funding on June 11, 2024
AVA
AVA
-2.72%
According to industry reports, Ava Protocol completed a $4.5 million Seed Plus funding round on June 11, 2024. The round saw participation from Electric Capital, Shima Capital, Taisu Ventures, Bing Ventures, and Bloccelerate, among other investors. Following this financing, Ava Protocol’s total funds raised have reached $10 million.Ava Protocol is an intent-based Eigenlayer AVS protocol that delivers private, autonomous transaction services across multiple sectors, including DeFi, NFTs, and gaming. Leveraging an event-driven execution model, the protocol enables cross-chain transactions triggered by signals such as time, price changes, and smart contract updates. Developers can easily schedule and automate functions across various blockchains—including Ethereum—ensuring efficient, reliable execution while maintaining user privacy.Notably, on June 7, 2024, Ava Protocol underwent a rebranding, changing its name from OAK Network to its current identity. Previously, the project raised $5.5 million in seed funding in February 2022. Its features—such as scheduled payments, stop-loss orders, and streaming rewards—are enhancing the practicality and convenience of decentralized applications and are expected to further drive the expansion of blockchain use cases.
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AVA Fundraising History
| Round | Amount | Valuation | Time | Investor(s) |
|---|---|---|---|---|
| Seed Plus | $4 M | -- | 2024-06-10 | Electric Capital,Shima Capital,Taisu Ventures,Bing Ventures,Bloccelerate |
Key Milestones
- 2024-06-11Ava Protocol raised $ 4.5 M in Seed Plus round
- 2024-06-07OAK Network rebranded to Ava Protocol
- 2022-02-10Ava Protocol raised $ 5.5 M in Seed round
24-Hour High
$0.3824
24-Hour Volume
$63.50K
All-Time High
$6.45
All-Time Low
$0.01218
Market Cap / FDV
69.95%
FDV
$37.10M
24-Hour Low
$0.3622
Market Cap
$25.95M
Circulating Supply
69.94M AVA
Total Supply
69.94M AVA
Max Supply
100.00M AVA
Market Sentiment
Positive
| 1H | 24H | 7D | 30D | 1Y |
|---|---|---|---|---|
1.03% | 1.72% | 9.64% | 34.71% | 23.41% |
