Cross-chain trading infrastructure Magpie Protocol completed a US$3 million seed round of financing, led by Jump Crypto, Parafi Capital, Big Brain Holdings, Sandeep Nailwal, and Republic Capital. Participating investors include GSR Markets, Serafund, Faculty Group, MH Ventures, and D1 Ventures , Arkstream, Apollo Capital, etc. Magpie Protocol establishes a stable currency liquidity pool on multiple chains. When a user initiates a cross-chain transaction, the assets on the source chain are traded for stable currency, and the message is transmitted through Wormhole. After the target chain accepts and confirms the message, it will The stable currency transaction of the corresponding value on the target chain is the target token to complete the cross-chain transaction. Magpie Protocol currently supports Ethereum, Polygon, BNB Chain, and Avalanche, and will support Fantom, Solana, etc. in the future.