According to ChainCatcher, cross-chain bridge aggregator Relay has announced the completion of a $17 million Series B funding round, led by Archetype and Union Square Ventures . Relay also announced the launch of Relay Chain.
Relay Chain is reportedly an underlying infrastructure designed specifically for cross-chain settlement and exchange. This architecture aims to solve the problem of liquidity fragmentation by enabling order-by-order settlement (not batch processing) at extremely low cost, thereby improving capital efficiency while significantly reducing transaction latency and costs.
