January 30, 2025
Mevvy, a platform dedicated to simplifying the process of Maximum Extractable Value (MEV) for blockchain traders, has closed a $2.8 million seed funding round. The round was led by Multicoin Capital, with participation from Chapter One Ventures, Hypersphere, and several angel investors, including prominent founders from Ondo, Pendle, and Axelar. The company plans to allocate the funds to enhance its product, extend its blockchain support, and build strategic alliances within the decentralized finance (DeFi) sector.
Focused on easing the technical complexities associated with blockchain transaction sequencing, Mevvy targets MEV searchers—traders who identify and exploit inefficiencies within these sequences. Traditionally, this type of trading has been highly specialized and infrastructure-intensive. Mevvy’s platform addresses this by providing a user-friendly interface where traders can select and deploy various MEV strategies. Currently, the platform supports Ethereum, Sui, and Sei networks, with plans to expand to additional blockchains as part of its ongoing development.
The company has laid out a three-phase plan to decentralize its infrastructure. The initial phase will expand support for Solana and Ethereum Layer 2 networks while improving the platform’s capabilities for searchers. The second phase involves the introduction of the Mevvy Network, where profitable traders will pay for network access. The third and final phase will see the open-sourcing of core components, aimed at encouraging fair competition within the MEV sector. By the end of 2025, Mevvy expects to support a broader range of blockchains and further solidify its position within the digital asset ecosystem.
About Mevvy
Mevvy is an execution platform designed for traders involved in MEV, a strategy for extracting value from inefficiencies in blockchain transactions. With a focus on user-friendliness, the platform provides built-in strategies for arbitrage, backrunning, and liquidation across Ethereum, Sui, and Sei, with future blockchain support on the horizon.
X: @mevvynetwork
About Investor
Multicoin Capital
Multicoin Capital is a venture capital firm specializing in blockchain technologies. The firm supports early-stage companies in DeFi, Web3, and digital asset infrastructure. Established in 2017, Multicoin Capital focuses on projects that aim to drive progress and growth within the blockchain ecosystem.
Location: Austin, Texas
Website: https://multicoin.capital/
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