Symbiotic, the universal staking protocol, has raised $29 million through Series A funding to advance its Universal Staking framework. Pantera Capital took the lead in the funding round, received investments from Coinbase Ventures along with more than 100 angel investors from blockchain teams including Aave, Polygon, and StarkWare.
The funding allocation will speed up Symbiotic’s growth by strengthening its development team and advancing integration with different networks and expanding its staking capabilities. The money allocated by the financing round will enable developers to create SDKs while implementing enhanced slashing protection tools and advanced systems for cross-chain assets and sophisticated risk management algorithms.
Symbiotic Showing Rapid Ecosystem Growth
Symbiotic launched its core contracts in January and subsequently hit $1 billion in total value locked (TVL), which resulted in 14 network integrations and support for more than 45 networks. Hyperlane, together with Spark and Avail, leads a list of the first organizations to adopt Symbiotic. The platform anticipates integrating more than 20 additional networks shortly.
Symbiotic’s solution provides any asset with security across layer-1, layer-2, and modular or monolithic networks which generates new value for existing ecosystem assets. Symbiotic provides protocols with versatile collateral functions that enable adjustable slashing rules and let them implement new security methods without needing a major system redesign.
The Universal Staking architecture delivers brand new enterprise opportunities.
Universal Staking framework exceeds the boundaries of basic staking solutions. The Universal Staking initiative strives to build economic coordination beyond the benefits achieved by restaking protocols that boosted capital efficiency. The platform enables insurance products and structured risk offerings which enable different staking positions to combine.
The integration between Hyperlane and Symbiotic seeks to develop multi-asset security models that will power systems such as Hyperlane CCIP. The collaboration goals to enhance interoperability by developing economic coordination models between networks.
The expansion of Symbiotic tracks the increasing attention toward the staking ecosystem. Late February 2025 showed that over 33.8 million ETH stake amounts to 28.0% of the overall ETH supply. The crypto market capitalization exceeded $3.9 trillion in 2024 due to rising interest in infrastructure-level innovations.
