Conduit

Conduit

Blockchain infrastructure platform for developers

About

Conduit enhances blockchain application development by improving the computational capabilities of blockchain environments. It offers a scalable infrastructure that allows developers to deploy OP Stack rollups, which can handle high transaction volumes with lower fees. Conduit stands out by providing features like transaction tracing and real-time performance monitoring, helping clients analyze their transactions effectively. The company's goal is to remove computational constraints and provide a user-friendly platform that drives efficiency in the crypto ecosystem.

Company Stage

Series A

Employees

11-50

Industries

Data & Analytics, Crypto & Web3

Total Funding

$42.8M

Headquarters

null, null

Founded

2022


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Simplify's Take

What believers are saying

  • The recent $37 million funding round led by Paradigm and Haun Ventures provides Conduit with substantial capital to accelerate product development and market expansion.
  • Collaborations with prominent entities like Friend.tech and Uniswap Foundation highlight Conduit's growing influence and potential for strategic partnerships.
  • The company's innovative approach to blockchain infrastructure, including real-time monitoring and custom SLAs, positions it as a leader in driving efficiency and scalability in the crypto ecosystem.

What critics are saying

  • The highly competitive nature of the blockchain infrastructure market could pose challenges for Conduit in maintaining its market position.
  • Technical issues, such as the downtime experienced by Degen Chain, could impact Conduit's reputation for reliability and performance.

What makes Conduit unique

  • Conduit specializes in providing scalable and customizable OP Stack rollups, which significantly reduce gas fees and enhance transaction throughput, setting it apart from traditional blockchain infrastructure providers.
  • The company's focus on developer-friendly tools and real-time performance monitoring offers a unique value proposition in the blockchain space.
  • Conduit's ability to quickly deploy production-ready rollups without requiring extensive technical expertise makes it highly attractive to developers and teams in the crypto space.

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Growth & Insights
Headcount

6 month growth

66%

1 year growth

114%

2 year growth

114%

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