TechFlow news, according to Coindesk, four sources familiar with the matter said that Jito, a Solana infrastructure project, is building a SOL restaking service.
Lucas Bruder, CEO of Jito Labs, said: "There's a lot of hype around this right now. It's kind of like a gold rush." However, he declined to comment on his company's plans.
An investigation by CoinDesk found more than six teams are quietly building Solana restaking services. Cambrian is one of them. Gennady Evstratov, founder of Cambrian, said his seven-person team is finalizing $2.5 million in funding.
Three investors said the round values the startup at approximately $25 million. Three venture investors familiar with the matter said another project planning to launch Solana restaking, Solayer Labs, aims to raise $8 million in a seed round led by Hack VC at an $80 million valuation.
Rachel Chu of Solayer Labs said the two-month-old startup has already raised nearly $10 million, including investment from Solana co-founder Anatoly Yakovenko.
