ROverview
Relay Protocol provides a multichain payments network and infrastructure that enables asset movement across multiple blockchains. Its core offering is an instant bridging and transaction execution protocol supported by a cross-chain intent system and a network of relayers, plus a consumer app and a developer API. It differentiates itself by simplifying cross-chain development, delivering fast, low-cost bridges with guaranteed exchange rates and decentralized exchange meta-aggregation, while protecting transactions from MEV. The goal is to enable seamless cross-chain payments and interoperability for individuals, wallets, and enterprise partners through reliable, scalable infrastructure and flexible pricing for developers and businesses.
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Industries
Company Size
11-50
Company Stage
Series B
Total Funding
$43M
Headquarters
New York City, New York
Founded
2021
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Total Funding
$43M
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6 month growth
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-8%Overnight desk carried infrastructure repairs, not a market narrative. October 23, 2026 The strongest-sourced overnight story is a protocol fix for Ethereum, and the rest is adoption plumbing and one unresolved breach. Ethereum's finality fix is the best-supported story of the night. A proposal to cut Ethereum's settlement finality from roughly 16 minutes to about four minutes was carried by three independent publishers, Bankless, CoinDesk and Coindoo, which puts it ahead of everything else filed overnight on corroboration alone. That matters because finality time is not cosmetic. It is the delay that determines how long an exchange or bridge has to wait before it treats an Ethereum transfer as irreversible, and a reduction from 16 minutes to four would shorten the window that currently makes moving assets on and off the chain slower and more expensive than it needs to be. Nothing in the reporting says this has been adopted or scheduled. It is a drafted overhaul, not a shipped upgrade, and the distance between those two things is where most Ethereum proposals go quiet. Read against Pump.fun's move away from the third-party service Relay toward its own Pump Bridge, carried by Bankless and crypto.news, the finality story reframes what crosschain speed actually depends on. Pump.fun's claim of fewer failed transactions is about routing and reliability at the application layer. Ethereum's proposal, if it goes anywhere, would change the underlying settlement clock every bridge on the chain has to respect. One is a company replacing a vendor. The other is a change to the physics of the base layer. They are not the same kind of claim even though both get filed under "faster crosschain." A breach with a dollar figure attached still has an open method. CryptoSlate and crypto.news both carried the Railway breach, putting the $371,000 figure and the 19-blockchain spread at two independent sources, which is enough to treat the scale as established while the mechanism is not. Railway has told affected users to reset credentials, which is a precaution, not a confirmation of how the compromise happened. The allegations originate with an independent investigator, and the reporting is explicit that the exact method of compromise and the scope of impacted accounts remain under review. That is the right amount of certainty to carry overnight: the loss total is corroborated, the cause is not, and conflating the two would overstate what two publishers actually agree on. Stablecoin expansion and a meme coin's utility push share a sourcing ceiling. Tether's investment in the Bolivian fintech Peso, aimed at widening USDT access across four Latin American countries, was carried by NewsBTC and crypto.news, two publishers, the same count as Dogecoin Labs' push to build utility infrastructure around DOGE, reported by BeInCrypto and CryptoPotato. Both sit at the same evidentiary level as Pump.fun's bridge switch and the new AI coding model Flint from Recursive, covered by Cryptopolitan and Forkast. None of these four has reached the three-publisher threshold the Ethereum finality story cleared, which does not make them false, only less independently checked. Read together they describe a night of routine expansion stories, a stablecoin issuer adding a regional partner, a meme coin trying to outgrow its own premise, a bridge vendor swap, and an open-weight model release, none of which moved on more than two outlets' word. What the overnight record does and does not establish. Two publishers corroborating a story means the claim survived being checked by a second newsroom, not that it is settled policy or settled code. The Ethereum proposal is the one item overnight with a third independent confirmation, and that is also the one with the longest runway between "drafted" and "live," so the extra sourcing says more about how seriously newsrooms took the draft than about when it ships. The Railway breach is the one to hold onto from this batch, because it is the only story where the dollar amount is corroborated while the cause is openly unresolved, and that gap is exactly the kind of thing worth tracking rather than assuming. Three publishers on the Ethereum finality proposal is the firmest sourcing of the night, and two publishers on a $371,000 breach with no confirmed method is the item still owed an answer. Stories in this edition. Publisher counts are as at publication and keep moving; each story page carries the live number. * Ethereum Researchers Propose Overhaul to Cut Finality Time From 16 to 4 Minutes 2 independent publishers - the overnight story with the broadest sourcing, three independent publishers * Pump.fun Launches In-House Pump Bridge, Moving Away From Relay 2 independent publishers - contrasts application-layer bridge claims against the base-layer finality proposal * Railway Breach Linked to $371,000 Crypto Theft Spanning 19 Blockchains 2 independent publishers - the unresolved security story, corroborated on scale but not on cause * Bolivian Fintech Peso Secures Tether Investment to Grow USDT Use in Latin America 2 independent publishers - grouped as a two-publisher adoption story to show the sourcing ceiling * Dogecoin Labs Pushes to Give DOGE Real-World Utility Beyond Meme Status 2 independent publishers - grouped as a two-publisher story at the same evidentiary level as the others * New Coding Model Flint, Built Largely by AI, Released by Recursive 2 independent publishers - grouped as a two-publisher story at the same evidentiary level as the others Three publishers on the Ethereum finality proposal is the firmest sourcing of the night, and two publishers on a $371,000 breach with no confirmed method is the item still owed an answer.
Relay Protocol enables automated Crosschain Transactions on HeyElsa. HeyElsa AI has revealed a recent integration with the Relay Protocol, a significant move towards making decentralized finance interactions easier. The partnership will allow users to perform complex cross-chain swaps and bridging operations with simple natural language instructions without having to navigate across multiple blockchain interfaces. Proud to have @RelayProtocol powering swaps and bridges on Elsa | Just say what you want - Elsa + Relay handles the rest! https://t.co/YpAgdv9zDR The post emphasizes the fact that users can feed in a simple command, like change ETH on one network to USDC on another, and the system does the rest. This is indicative of a wider trend of automation and friendly interfaces within the Web3 ecosystem, in which complexity has been a barrier to adoption. AI Agents Transform Crosschain Transactions The most fundamental element of this integration is the idea of agentic payments, i.e., AI based agents performing financial transactions on behalf of users. Rather than having to manually connect wallets, choose bridges and verify various steps, users can entrust the HeyElsa AI agent to read intent and execute transactions immediately. This is made possible through Relay Protocol which provides the underlying infrastructure. Relay is known as the provider of over 85 blockchain networks which have been able to carry millions of transactions and billions of volumes. Plugging into such a system, HeyElsa will have access to an efficient interoperability layer that will be able to support crosschain liquidity and routing. The outcome is an experience that is non technical and users do not require extensive technical expertise to engage in decentralized finance. This is in line with the increasing tendency of abstracting the complexity of blockchains using AI and automation. Growing Adoption Signals Strong Demand Information provided with the announcement highlights the extent of adoption. HeyElsa has already enabled hundreds of thousands of transactions via Relay which has created a large volume of transactions. The integration also illustrates the way in which infrastructure providers and AI platforms can work together to speed up innovation. Whereas HeyElsa is user oriented with the intent of interaction, Relay is chain reliable. Such separation of functions generates a strong synergy that contributes to the usability and performance. With an increasing number of users looking into crosschain opportunities, the need of such streamlined solutions is likely to increase. Asset management in a diverse network of networks has traditionally involved technical prowess, but AI driven solutions are quickly transforming that situation. Simplifying DeFi for Mainstream Users Accessibility has been one of the challenges of decentralized finance. Onboarding can be a high cost to new users, such as learning about gas fees, bridging mechanisms and network compatibility. HeyElsa and Relay are trying to eliminate these barriers by integrating AI with interoperability infrastructure. One command to carry out transactions is a significant usability innovation. It makes Web3 more like a simple traditional fintech application and preserves the advantages of decentralization. This could play a crucial role in attracting a broader audience to blockchain based financial services. In addition, the integration enhances a vision where users can communicate with decentralized systems in a more friendly manner. They do not have to go through complicated interfaces, but can express themselves directly, leaving the implementation to smart agents. The Future of Agentic Payments In the coming generation of crypto platforms, agentic payments might become a commonplace feature, allowing users to handle assets, conduct trades and optimize strategies with a minimum of effort. With the assistance of AI intelligence and solid infrastructure, projects such as HeyElsa and Relay are preparing this future. With increasing adoption, the success of such integrations could reshape the way users engage with decentralized finance, making it more convenient, efficient, and easier to use than ever. No one has commented yet
Doma weekly: Relay integration, crosschain access and Dominion's Web3 expansion. This week on Doma focused on making DomainFi more accessible and efficient. With Relay integration now live, crosschain flows are smoother than ever. Doma Protocol also crossed two major milestones, over $50M+ in total volume and 6M+ transactions, clear signals of sustained, real usage. At the same time, continued product improvements and a cleaner foundation are setting the stage for scale, while Dominion '26 brings the Web3 side of the industry directly into the domain space. Product updates. This week's release focused on improving crosschain access and simplifying the product experience. The biggest addition is the integration of Relay as a new crosschain bridge provider alongside LayerZero. Doma now routes transactions automatically based on the best available quote. This creates a much smoother experience, especially for users entering from different chains. On the stability side, fixes were shipped to improve wallet connection reliability and resolve issues with profile sharing links. Together, these updates make the overall experience more predictable and polished. * Crosschain bridging via Relay: Relay is now integrated alongside LayerZero, introducing Unified bridge routing for best price execution & Native Relay-powered swaps * Bug Fixes: Wallet connection guard: Fixed race condition in EVM wallet connection and Share profile link: Fixed broken profile sharing Feature spotlight: Relay integration. Relay is one of those upgrades that fundamentally improves how users enter the ecosystem. Users can bridge ETH and USDC seamlessly, with the app automatically selecting the most efficient route. This dramatically lowers the barrier to entry for new participants while making life easier for existing users. Just as importantly, Doma is now also integrated directly into Relay itself. That means users can bridge funds to Doma from outside the app, turning Doma into a more accessible destination for liquidity across the broader Web3 ecosystem. More liquidity. More accessibility. Less friction getting into DomainFi. Doma by the numbers. The impact of these improvements is already visible in the numbers, with strong growth across all key metrics. Total Volume: $50.73M | Total Transactions: 6,149,664 | Total Tokenized Assets: 113,107 | Total Wallets: 39,706 | Launched and Scheduled Tokens: 210+ What stands out most is the consistency: activity is no longer driven by isolated spikes, but by sustained usage across trading, liquidity provision, and domain tokenization. Doma OnAir: podcast launch. This week Doma Protocol also kicked off Doma OnAir, its new live podcast series broadcasted on X. Hosted by Chris Jourdan (Coffee with Captain), the first episode brought together Fred Hsu, Michael Ho, and Bob Mountain from D3 to talk through what Doma has been building and where DomainFi is heading next. The conversation focused on the bigger picture: how domains evolve from static assets into liquid markets, what infrastructure is needed to support that shift, and why timing matters now. If you want to understand the long-term vision behind Doma, this is the episode to watch. Community corner. The Doma community remained highly active this week, with strong engagement across general chat, feedback channels, and Discord quests. A lot of the conversation centered around new token launches, especially continents.ai, alongside deeper discussions about liquidity dynamics and how tokenized domains behave as markets. What's notable is the shift in tone: less speculation, more understanding. The community is becoming more informed, more thoughtful, and more focused on long-term value creation. WWW #9: weekly wednesday walkthrough. This week's walkthrough focuses on one of the core mechanics of the platform: offers. The video breaks down how to place bids, where to find incoming offers on your domains, and how to manage your positions effectively. Whether you're actively trading or just getting started, understanding offers is key to navigating DomainFi. Watch here: Dominion 2026: new speakers. Dominion '26 continues to evolve into the key liquidity event connecting domains with major blockchain ecosystems. Doma Protocol has added a new wave of speakers bringing perspectives from across Web3: Vibhu Norby, Chief Product Officer at Solana, will share how naming and identity infrastructure scales within one of the fastest-growing ecosystems. John Nahas, Chief Business Officer at Ava Labs, will speak on how Avalanche is approaching domains as a foundational layer of Web3. Inder Singh, VP of Product & Technology at D3, will give a closer look at what's coming next for domain tokenization and liquidity infrastructure on Doma. Together, these perspectives make one thing clear: the domain liquidity opportunity is expanding far beyond its traditional boundaries. Reserve your ticket and get 10% OFF Looking ahead. This week was about making DomainFi easier to access and easier to use. With Relay integration live, a cleaner product foundation, and continued growth across the ecosystem, Doma is steadily moving toward becoming the default liquidity layer for domains. If you want to follow along as this space evolves in real time, make sure to follow Doma Protocol on X and join the conversation on its Discord. See you next week
Relay secures $17M Series B to launch Relay Chain. * Relay completed a $17 million funding round led by Archetype and USV to support new infrastructure development. * The capital will fund Relay Chain, a specialized layer for instant cross-chain settlement and execution. * Relay already supports 85+ blockchains and has processed over 100 million transactions with $20 billion in volume Relay, a big name in blockchain interoperability, just raised $17 million in a Series B round to launch its new platform, Relay Chain. Archetype and Union Square Ventures (USV) led the round, which really shows how much investors believe in Relay's push to make moving assets between blockchains simple. People in the blockchain world already know Relay for its cross-chain tech. It lets users move assets and activity from one blockchain to another without hassle. So far, Relay's handled more than 100 million transactions, moving over $20 billion, and it works with more than 85 blockchains. Most of this new funding goes straight into launching Relay Chain. The goal is to build an infrastructure layer that can handle instant settlement and execution across different chains. Basically, Relay wants to fix the usual headaches in blockchain, like liquidity getting stuck across separate networks and slow, expensive transactions. With Relay Chain, they're aiming to make all of that smoother and faster. What is Relay Chain? Relay Chain isn't trying to steal the spotlight as a "mainchain". It's more like the behind-the-scenes crew, quietly handling settlements so cross-chain transfers just work faster, cheaper, and without all the headaches. Picture it as the glue that lets value move freely between blockchains that usually keep to themselves. Most cross-chain bridges and DEXs batch up transactions or run you through a lot of steps, which just leads to more waiting and bigger fees. Relay Chain skips all that. It finalizes each transaction on its own, cutting out unnecessary steps and lowering costs. This gives users and builders better speed and capital efficiency. Relay's team believes that on-chain finance, stablecoins, and decentralized apps just can't scale if people have to wrestle with difficult processes every time they move tokens or data between different chains. Relay Chain's whole point is to hide that complexity and give both developers and regular users a much more seamless, unified experience. Why the funding matters. With the recent raising of $17 million, Relay is able to broaden its infrastructure offerings, especially as cross-chain functionality becomes more coveted in the Web3 ecosystem. Relay is currently working to break the current limitation of most blockchains: interoperability, or how separate blockchains can effectively communicate with one another and seamlessly share value. This problem has plagued and hindered the adoption of decentralized finance (DeFi), decentralized applications, and overall blockchain. Relay has already been receiving investments from Archetype and USV, which are recognized for supporting core infrastructure builds, which lends to the belief that these investments will make Relay foundational to the future blockchain stack. This will enable decentralized applications, wallets, exchanges, and primitive finance to work together seamlessly. Relay chains have become a welcome addition to many in the community, even among partners such as MetaMask and Phantom. As one developer platform remarked, Relay allows any asset to cross any chain "instantly" without having to think about bridging. I'm a crypto writer with 4+ years of experience passionate about turning big, technical ideas into content anyone can understand. From blockchain to stablecoins to everything in between, I enjoy helping readers stay informed in a space that never stops moving. VentureBurn is a media platform covering the latest in cryptocurrency, artificial intelligence, venture capital, and the startup ecosystem. Opinions expressed on VentureBurn are for informational purposes only and do not constitute investment advice. Before making any high-risk investments in digital assets or emerging technologies, readers should conduct their own due diligence. All transactions and financial decisions are made at your own risk, and any losses incurred are solely your responsibility. VentureBurn does not endorse or recommend the buying or selling of any digital assets and is not a licensed investment advisor. Please note that VentureBurn may participate in affiliate marketing programs.
Hemi working with Relay to enable Fast, low-cost cross-chain transactions.
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About Relay
We're working on gathering enough insights on this company, check back soon!
Industries
Company Size
11-50
Company Stage
Series B
Total Funding
$43M
Headquarters
New York City, New York
Founded
2021
There are no jobs for Relay right now.
Find jobs on Simplify and start your career today
We update Relay's jobs every few hours, so check again soon!Browse all jobs