Squads Labs, a Solana-based multisig protocol, has successfully raised $10 million in a Series A funding round led by Electric Capital. The funding will be used to further develop their smart account technology and products, which aim to make it easier for businesses and individuals to securely manage and own digital assets. As part of this initiative, Squads Labs has launched Fuse Wallet, Solana's first smart wallet, now available for public testing on iOS via TestFlight. The funding round also saw participation from Coinbase, Placeholder, and L1D among others. This development is expected to significantly impact the Solana ecosystem.
Squads Labs raises $10 million round, launches first-ever Solana smart wallet https://t.co/k6DdsVwt1V
ICYMI a quick thread on recent @base progress: 1. consistently the most used L2 2. TVL crossing $8B 3. leading network on @uniswap and @aave 4. stablecoin payments exponentially growing 5. smart wallets starting to take off and we're only one week into onchain summer.
NEWS: @SquadsProtocol Labs Raises $10 Million in Series A, Launches Solana's First Smart Wallet https://t.co/kmidEimyhT
The @SquadsLabs team continues to ship 🚢 https://t.co/lXLt7MDa7B
Squads raised a $10M Series A led by @ElectricCapital for wallet solutions on Solana. Participation from Coinbase, Placeholder, L1D, & others. Round perspective 🧵 https://t.co/uEY8afcztC https://t.co/myZSdKJPIL
The @SquadsLabs team continues to ship https://t.co/lXLt7MDa7B
Solana's first smart wallet has arrived 🔥 so easy even intern can use it. try it today! https://t.co/BswmQG2Oz3
Huge congrats to @SimkinStepan & the @SquadsProtocol protocol team -- one of the best examples there are of building through the bear market, capturing market share and solidifying a leading position in the space https://t.co/l3pQyeP6an
Today, we are thrilled to announce the public TestFlight of Fuse, Solana’s first smart wallet. Fuse has been a long time in the making, and I wanted to share some context on why exploring Fuse is worth your time and how it came to be. Why Fuse Exists There were two primary… https://t.co/xE0DCWRTcH
Well deserved recognition for @SimkinStepan, @deni_ersht, and the team!👑 Squads is THE standard for the smart account future. https://t.co/JUDRIhjXZQ
Congrats to the @SquadsLabs team! https://t.co/8xvkFJUygs
🚨 LATEST: Solana-based @SquadsLabs raises $10M in Series A, led by @ElectricCapital. https://t.co/7IeEiU3QAS
Congrats to the incredible @SquadsLabs team on becoming essential infrastructure for the rapidly growing @solana ecosystem. https://t.co/f37XdtnPiX
I caught up with the @SquadsProtocol team last week, & the programmable smart wallet is such a next-gen, giga-brained take on self-custody I'm insanely bullish on @fusewallet congrats @SimkinStepan, @deni_ersht, @gansersol & team on the launch 🚀 https://t.co/cmyrmPJc9k
Fuse Wallet launches on iOS @fusewallet https://t.co/KuOyIfaDRW
1/ We are excited to announce our $10M Series A led by @ElectricCapital, to continue our mission to grow the onchain economy by developing smart account technology and products that make it easy for businesses and individuals to securely manage and own digital assets. https://t.co/jfmf4m587Z
.@SquadsLabs, whose aim it is to help businesses transact in and manage digital assets, has raised $10 million in Series A funding led by Electric Capital. https://t.co/5vouZeeuJL
🚨 BREAKING: Solana's first ever smart wallet, @fusewallet, is now accessible to iOS users via Public TestFlight. https://t.co/gOal8KDV6Z
Solana's first smart (contract) wallet is now available And man, is it easy to setup and use 💪 https://t.co/06Vao0ZtrL
[THE BLOCK] Solana-based multisig protocol Squads raises $10 million, launches retail wallet app Fuse $SOL
NEW: @fusewallet INTRODUCES SOLANA’S FIRST SMART WALLET - PUBLIC TESTFLIGHT IS NOW AVAILABLE ON IOS https://t.co/ST7eIp7EZg
Meet Fuse, Solana's first smart wallet. Public TestFlight is now available for iOS. Get started below ↓ https://t.co/9BBZvoIDjn
Solana-based multisig protocol Squads raises $10 million, launches retail wallet app Fuse https://t.co/kVZU8VBUK6
always be shipping 🚢 https://t.co/A6SXGmeAm5
🔵Explore the NFT universe on @base by weekly volume ! 🎨 Top NFT collections are seeing soaring volumes! 📈 Dive in and join onchain summer with us! 🔥 https://t.co/0bexDrA5x4
The new Coinbase Smart Wallet from @CoinbaseWallet is the easiest way to get onchain. 🤔 Still not convinced? Check out the video below from our Cat Intern for a quick overview. It takes just seconds. 🐈⬛ https://t.co/pmrhovzru5
bulk buy @base tokens in one tx w/@coinbase balance great example of the next gen UX smart wallets will enable — and this is just an early prototype https://t.co/ARQnmPJ9es
bulk by @base tokens in one tx w/@coinbase balance great example of the next gen UX smart wallets will enable — and this is just an early prototype https://t.co/ARQnmPJ9es
Quite the powerful use case for @Coinbase smart wallet and Magic Spend: buy any meme with your Coinbase balance. The best onramp is no onramp. Also, in the future, very few tokens will care about a Coinbase listing... https://t.co/yEKpIII2F6
#Stablecoin Market Swelled Last Season; #USDE Climbs to Fourth Largest Dollar-Pegged Token https://t.co/lZQB0fP0D8
we are making smart wallets the default on @base https://t.co/bg1T3ZZ1xX
stablecoin payments growing fast on @base https://t.co/TTjFsP27Hf
stablecoin payments growing very fast on @base https://t.co/Zwrz7MqFnJ
Outstanding supply for @circle's USDC & EUROC stablecoins (excl. Ethereum L1). @base is on track to become the biggest transport layer for USDC. https://t.co/PIM8ei70z2
$16B Injected Into #Stablecoin Economy in 90 Days; #Tether Claims 69% of Total https://t.co/lZQB0fP0D8
📊@Tether_to USDT growth on @Celo: https://t.co/JZOlOlce0X
this team keeps shipping 🔥 https://t.co/cozluOF6Ix
#OriginTrail Weekly Roundup 💳@RevolutApp, the leading neo-bank in Europe with over 40 million users lists $TRAC 👉https://t.co/3QJt51wmeB 🔗@base integration initiated 👉https://t.co/dA4Tscsq69 📈@NeuroWebAI on @Polkadot ranks🥈by total txs in May 👉https://t.co/4OwJMKsUxK… https://t.co/rjjgQzZys5
🎉ICYMI: The M^0 project successfully closed a $35 million Series A round led by @BainCapCrypto, with support from @galaxyhq, @wintermute_t, @GSR_io, @caladanxyz & @SCB10X_OFFICIAL. This funding will bolster our digital money issuance network. To learn more, read this article… https://t.co/rYd9uZS3mo
now with @CoinbaseWallet smart wallet integration LGB (let's get based) https://t.co/DgxFXBdZiN https://t.co/nOjev2ZQ31
Ship it https://t.co/Kj5OTpmmK5