Jul 21, 2023

FastLane Labs, the developer of the Polygon ecosystem MEV protocol FastLane, has closed a $2.3 million seed round led by Multicoin Capital with participation from Polygon Ventures, Shima Capital, Delphi Ventures, Everstake Ventures, and others. MEV is a way for miners or validators to profit from how a pending blockchain transaction is ordered or arranged before the transaction becomes a block. The method of earning MEV varies a bit depending on the chain, but it’s common for traders to focus on a high volume of attempts or spamming to maximize the profit potential. Founded in March 2022, FastLane Labs provides an auction system that allows validators a chance to earn rewards without the need to spam the blockchain. The auctions happen off-chain and externally to minimize redundant transactions on the network. In addition, FastLane stands apart from other Polygon MEV protocols by allowing validators to use their current Polygon clients to participate rather than downloading a new client. TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com . Your trust will be well respected. Subscribe × The news, articles, reports or other information we provide are based on public sources considered to be reliable, but TokenInsight does notguarantee the accuracy or completeness of any information contained herein. The news/articles/reports or other information had been prepared forinformative purposes only and does not constitute an offer or a recommendation to purchase, hold, or sell any digital assets (cryptocurrencies,coins, and tokens) or to engage in any investment activities. Any opinions or expressions herein reflect a judgment made as of the date ofpublication, and TokenInsight reserves the right to withdraw or amend its acknowledgment at any time in its sole discretion. TokenInsight willperiodically or irregularly track the subjects of news/articles/reports or other information we provide to determine whether to adjust theacknowledgement and will publish them in a timely manner. We adhere to high standards and values of reporting news, and we do our best to be objective and unbiased at all times. TokenInsight takes its due diligence to ensure news/articles/reports or other information we provide a true and fair view without potentialinfluences of any third party. There is no association between TokenInsight and the subject referred in the contents which would harm theobjectivity, independence, and impartiality of the reporting. Trading and investing in digital assets (cryptocurrencies, coins, and tokens) may involve significant risks including price volatility andilliquidity. Investors should be fully aware of the potential risks and are not to construe the content of the report as the only informationfor investment activities. None of the products or TokenInsight Inc, nor any of its authors or employees shall be liable to any party for itsdirect or indirect losses alleged to have been suffered on account thereof. All rights reserved to TokenInsight. About TokenInsight