Mayan Secures $3 Million Funding to Fuel the Future of Cross-Chain Trading

Mayan Finance
3 min readApr 11, 2024

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We’re pleased to share some good news: We have successfully completed a $3 million seed funding round. We’d like to thank our investors and the community for believing in our vision since day one. This strategic round was co-led by 6th Man Ventures and Borderless Capital, with a solid backing from a diverse group of investors and industry pioneers.

Why This Matters

This funding marks a key milestone for us. It will allow us to refine our auction protocol further, to streamline cross-chain trading and make it faster, more cost-effective, and more transparent than ever before.

Thank You To Our Investors and Backers

Our round saw participation from Solana Ventures, Hash3, Big Brain Holdings, Arrington Capital, Cogitent Ventures, Syndicate by BOOGLE, Stakeholder Ventures and the Wormhole Cross-Chain Ecosystem Fund.

We’re also thankful for the support from angel investors Anatoly Yakovenko (Solana) and Saeed Badreg (Wormhole Labs), Robinson Burkey (Wormhole Foundation), Tristan Yver (Backpack), Richard (Tensor), ilmoi (Tensor), Nom (Bonk), Mert (Helius), Bartosz (Cube), Anders (MarginFi), 3nes (crypturco), R89 (R89Capital), Gab (apebender), and Chad Dev (RetiredChadDev).

This collective endorsement strengthens our resolve to take Mayan to new heights, refining our protocol with insights from some of the brightest minds in the industry.

Mike Dudas from 6th Man Ventures noted our Mayan’s rapid growth and adoption across key crypto protocols:

“Mayan has created a novel auction-based model to enable cross-chain crypto participation for both retail and institutional traders. They’ve impressively become one of the top cross-chain protocols by volume in less than a year, growing rapidly by providing fast, low-fee transfers. Mayan is seeing increased adoption and integration in the most trusted protocols in crypto, including Jupiter, Drift, MarginFi and Backpack, due to the robust architecture and terrific user flow.”

Alpen Sheth from Borderless Capital highlighted our auction model’s ability to enhance the cross-chain economy’s efficiency and security:

“Mayan is at the forefront of the emerging cross-chain economy with an innovative auction model, which allows for the seamless swapping of assets across a wide range of networks, settling in seconds. Mayan’s commitment to secure, transparent, and efficient auctions not only benefits users and traders but also strengthens the overall ecosystem.”

Building with Intent

Since our launch one year ago, Mayan has experienced tremendous growth and established as a pivotal connector between Solana, Ethereum, and all EMV-compatible chains such as BSC, Polygon, Optimism, Avalanche, and Arbitrum and we’re proud to have facilitated over $470M in value transferred across these ecosystems.

Our protocol’s integration tools are already enhancing the functionality of platforms like Drift and MarginFi, making cross-chain trading more intuitive for their users.

Mo Elahi, our co-founder, shared his thoughts on our journey so far:

“Winning at the Wormhole hackathon was an early highlight for us, but the true test came when the market took a downturn. We doubled down on refining our product, focusing on what truly matters.”

The transition towards an intent-centric blockchain experience is central to our mission.

“The shift towards an intent-centric approach in blockchain is fascinating. At Mayan, we’re keen on creating a protocol where you just need to state what you want, and our platform connects you with the best provider. It’s all about making things easier and more intuitive.”

Looking Forward

With this new chapter, we’re excited for Mayan to become the fully permissionless venue for trading a wide range of crypto assets. We look forward to continuing to foster innovation to enhance the user experience across the multichain landscape.

“Ultimately, I envision Mayan evolving into a fully permissionless venue for trading any kind of crypto assets, whether Fungible Tokens or NFTs. We’re excited to drive innovation in the intent-centric multichain future, enhancing blockchain interactions for all web3 users.

We invite you to join us on this journey. Whether you’re new to blockchain or a seasoned expert, we’re here to make your cross-chain trading experience as smooth as possible.

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Mayan is an intent-based cross-chain protocol that utilizes auctions to provide the best possible swap rates for every trade. Powered by Wormhole message passing, Mayan seamlessly connects Solana, Ethereum, and major EMV-compatible chains such as BSC, Polygon, Optimism, Avalanche, and Arbitrum.

For the latest updates and insights into our progress, stay tuned to our Website, Discord, Docs and Github.

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