Institutional Frenzy! Kraken Leads LA Token Investment, ZK Infrastructure Enters Explosive Phase
Top investment firm Kraken Ventures, in collaboration with Founders Fund, Fenbushi Capital, and others, invested in Lagrange, with a $17.5 million Series A+ funding round highlighting market confidence in the ZK infrastructure sector. This financing will accelerate the development of Lagrange V2, focusing on enhancing cross-chain bridging and smart contract functionalities, aiming for large-scale mainnet commercialization by Q3 2025.
Kraken noted in its investment report: "Lagrange addresses the two major challenges of cross-chain interoperability and data privacy through ZK technology, and its architectural design is compatible with future blockchain protocol upgrades, offering long-term ecological value." Currently, Lagrange has received support from institutions such as Coinbase Cloud and StarkWare, with an ecological fund exceeding $80 million to incentivize developers to build cross-chain verification applications.
In terms of market performance, the LA token surged 600% on its first day of trading on Binance Alpha, with a market capitalization exceeding $256 million, setting a new record for ZK field projects. On-chain data shows that the top 100 addresses hold a total of 42%, of which 60% is used for staking to participate in network consensus, creating a positive feedback loop. Technical analysis indicates that the transfer fee for the LA token on the Lagrange chain is only 0.0001 LA, and with the launch of version 3, transaction costs will further decrease to 0.00001 LA, attracting high-frequency trading users.
