Symbiotic has successfully raised $29 million in a Series A funding round, led by Pantera Capital, to launch its universal staking protocol, aiming to transform blockchain coordination across networks.

The investment highlights the potential impact on economic coordination within blockchain networks, with significant interest from both institutional and individual participants, echoed by increasing staking trends in the market.

Pantera Leads $29M Investment in Symbiotic

Misha Putiatin, co-founder of Symbiotic, emphasizes a modular framework for evolving security models without infrastructure overhaul. “We’ve created a modular framework that lets protocols evolve security models over time while efficiently coordinating risk. This empowers protocols at every stage of their lifecycle to evolve their security models seamlessly without rebuilding infrastructure,” said Putiatin. This effort positions Symbiotic to enhance blockchain coordination through universal staking.

Pantera Capital, alongside Coinbase Ventures and over 100 angel investors, has backed this initiative. The $29 million will aid in expanding the ecosystem and rolling out tools critical for cross-chain security.

Symbiotic Surpasses $1 Billion in TVL with 14 Networks

With core contracts launched in January 2025, Symbiotic has already exceeded $1 billion in TVL, integrating with 14 networks. Rapid growth reflects positive community sentiment and potential market expansion for related assets.

The protocol enables restaking of ETH and other assets across L1s and L2s, driving new staking flows. Regulatory stances remain neutral, yet institutional backing suggests confidence in Symbiotic’s compliance infrastructure.

Symbiotic’s Model Mirrors EigenLayer’s Success

Symbiotic’s move mirrors EigenLayer’s successful staking model, driving capital migration and innovation. Past precedents show increased Total Value Locked (TVL) and interest in composable DeFi use cases.

Kanalcoin analysts suggest Symbiotic could redefine blockchain security dynamics. Historical trends indicate that such launches often lead to increased demand for eligible assets and a surge in ecosystem interest.