Taiko Raises $15M for Its Ethereum Scaling Solution, Bringing Total Funding to $37M
- Taiko raises $15M in Series A funding, bringing total raised to $37M
- Claims to provide an "Ethereum-equivalent ZK rollup" scaling solution
- Uses "based sequencing" - sequencer driven by layer-1 blockchain
- Testnet launched in January; mainnet launch expected soon
- Faces crowded field of competitor layer-2 networks vying for dominance
