https://techcrunch.com/2022/08/10/jump-crypto-leads-injectives-40m-round-to-help-expand-defi-applications/

Even though digital asset markets have been shaky, the blockchain sector continues to scale as demand increases from both crypto-native and traditional institutions looking to use the technology.

Layer-1 blockchain Injective has raised $40 million in a round led Jump Crypto, Eric Chen, CEO and co-founder of Injective Labs, told TechCrunch. Brevan Howard Digital, the crypto arm of British billionaire hedge fund manager Alan Howard, also participated in the funding round.