DeFi
Pantera invests $21 million in Mezo’s Bitcoin DeFi Push
Pantera Capital has led a $21 million investment in Mezo, a pioneering Bitcoin economic layer, marking a significant milestone in the rapidly expanding Bitcoin DeFi ecosystem.
This important investment demonstrates industry leaders’ confidence in Mezo’s vision and ability to overcome long-standing scalability and programmability issues within Bitcoin.
Mezo, an EVM-enabled Layer 2 solution for Bitcoin, attempts to improve its usability by including features such as reliable bridging, BTC as the primary gas asset, and a dual-staking architecture for rewards and validation. Its inclusion in the Bitcoin ecosystem comes at a critical time, as demand for scalable and programmable solutions increases.
Mezo’s early market dominance in the Bitcoin Layer 2 ecosystem is evident, with the project ranking among the top Bitcoin L2 in terms of total value locked (TVL). The $21 million investment not only validates Mezo’s creative methodology, but also demonstrates the growing interest and investment in Bitcoin scalability solutions.
Mezo can significantly increase the market cap of BTC DeFi and accelerate its adoption in locations with high Bitcoin usage, thereby reshaping the landscape of decentralized finance and beyond.
With the upcoming launch of its public testnet, developer interest is likely to skyrocket, cementing Mezo’s position as a major player in the Bitcoin DeFi space.
Mezo, backed by an experienced team and notable investors such as Pantera Capital, Multicoin Capital, Hack VC, Nascent, Primitive Ventures and ParaFi Capital, represents a big step forward in the Bitcoin ecosystem.
Mezo’s EVM-enabled layer for Bitcoin is poised to unlock enormous potential for Bitcoin in DeFi and beyond, addressing long-standing challenges in scalability and programmability.
Led by CEO Matt Luongo and COO Carolyn Reckhow, Mezo has a professional team ready to achieve its goal of an EVM-enabled Bitcoin Layer 2 solution that will improve Bitcoin scalability and applications.
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