Pantera Invest $21 million in Mezo’s Bitcoin DeFi Push

This important investment demonstrates business leaders’ perception in Mezo’s imaginative and prescient and capability to beat long-standing scalability and programmability points inside Bitcoin.

Mezo, an EVM-compatible Layer 2 resolution for Bitcoin, makes an attempt to enhance its usability by together with options like reliable bridging, BTC as the first fuel asset, and a twin staking structure for rewards and validation. Its inclusion into the Bitcoin ecosystem comes at a essential time, because the demand for scalable and programmable options grows.

Mezo’s early market dominance within the Bitcoin Layer 2 ecosystem is obvious, with the challenge rating among the many high Bitcoin L2s when it comes to complete worth locked (TVL).  The $21 million funding not solely validates Mezo’s artistic methodology but additionally demonstrates the rising curiosity and funding in Bitcoin scalability options.

Mezo can considerably enhance the BTC DeFi market capitalization and speed up adoption in areas with excessive Bitcoin utilization, reshaping the panorama of decentralized finance and past.

With the upcoming launch of its public testnet, developer curiosity is prone to skyrocket, cementing Mezo’s place as a significant participant within the Bitcoin DeFi subject.

Mezo, backed by an skilled crew and notable buyers corresponding to Pantera Capital, Multicoin Capital, Hack VC, Nascent, Primitive Ventures, and ParaFi Capital, represents a giant step ahead within the Bitcoin ecosystem.

Mezo’s EVM-compatible layer for Bitcoin is poised to unlock large potential for Bitcoin in DeFi and past, addressing long-standing scalability and programmability challenges.

With CEO Matt Luongo and COO Carolyn Reckhow guiding the way in which, Mezo has an expert crew poised to perform its goal of an EVM-compatible Bitcoin Layer 2 resolution that may enhance Bitcoin scalability and purposes.

Additionally Learn: Pantera, Figure Buy Remaining Discounted FTX Solana Tokens