Cycle Network

Cycle Network, founded in 2023 by Jessica Zheng and Robbie, is a Singapore-based company operating as a foundational infrastructure protocol in the blockchain sector. The firm has secured multi-million dollar investments through two funding rounds, with the initial seed round on February 27, 2024, and a Series A on November 14, 2024. Notable investors include Vertex Ventures, Summereverest, Skyland Ventures, and SuperChain Capital.

The company's core business is to address liquidity fragmentation and complex user experiences within the multi-chain decentralized finance (DeFi) ecosystem. It provides a universal settlement layer that simplifies cross-chain transactions, serving developers and dApp users across more than 20 different blockchains, including both EVM and non-EVM ecosystems like Bitcoin, Solana, and Cosmos. The business model is centered on its native utility and governance token, $CYC, which is used for validating transactions, incentivizing network participation, and ensuring long-term sustainability.

Cycle Network's main offering is a trustless, omni-chain ledger protocol that functions without traditional token bridges. This is achieved through a cryptographic mechanism called Verifiable State Aggregation (VSA), which verifies actions and balances across different blockchains. The architecture utilizes ZK-Rollup technology, an Omni State Channel Indexer (OSCI), and a decentralized aggregated sequencer to create a global state view of all connected blockchains. This allows for secure and efficient cross-chain communication and state synchronization. For developers, Cycle Network provides a Software Development Kit (SDK) that simplifies the creation of dApps on its unified liquidity network, enabling them to focus on product innovation rather than infrastructure complexities. The company has also introduced tools like PiggyBank, an all-chain asset management platform, and TapUp, which integrates with Telegram for meme coin creation.

Keywords: blockchain interoperability, decentralized finance, cross-chain settlement, liquidity aggregation, ZK-Rollup, omni-chain, Layer-2, Verifiable State Aggregation, trustless bridge, dApp development, chain abstraction, decentralized ledger technology, CYC token, EVM compatible, non-EVM chains, blockchain infrastructure, asset management, multi-chain, crypto asset management, financial technology