HashKey Announces Liquidity and Investment Commitment to Harmony’s Growing DeFi and NFT Ecosystem

MOUNTAIN VIEW, CA / ACCESSWIRE / June 29, 2021 / HashKey congratulates Harmony for its 2-year mainnet launch anniversary. HashKey has been an investor in Harmony since 2019 prior to the mainnet launch and is excited to see the tremendous growth and progress of the project.

Harmony celebrated its 2 year mainnet anniversary on June 28th, with 59+ million blocks, 24+ million transactions, 128,000+ accounts, 50+ apps (as of date of writing).

To further support the growth of the Harmony ecosystem, HashKey will provide up to $10 million in liquidity to Harmony’s growing DeFi ecosystem and investment in DeFi applications built within the Harmony ecosystem.

With the recent launch of Sushi’s full suite of products on Harmony, the ecosystem for decentralized finance, NFTs, identity and DAOs on Harmony is poised to grow.

“HashKey has been a strong champion of our project and is one of the leading investors in the entire blockchain ecosystem. They bring insights as a global investor and have immense connections to many more companies that are looking for blockchain partners who can scale with them.” -Stephen Tse, Founder of Harmony

“Harmony and its team has kept impressing us since the day we connected. HashKey is proud to join in making contributions to develop the Harmony ecosystem much further.” -Deng Chao, Managing Director of HashKey

Growth of DeFi on Harmony

Over the past few months, we’ve seen an explosion of DeFi on Harmony. New users who are typically priced out on Ethereum DeFi are finding an opportunity to participate in DeFi protocols on faster, cheaper and decentralized blockchains like Harmony that are also fully Ethereum compatible.

Harmony Ecosystem

  • Users: 128,000+ accounts (wallets)

  • Bridges: $20M organic TVL on ETH-Harmony, ETH-BSC bridges

  • AMMs: $50M TVL across 5 community DEX’s (Viper, Mochi, Openswap, Lootswap, Lockswap, Sushi)

  • Tools: Graph indexer, Etherscan-like explorer, Gnosis multisig

Bridging Web2 to Web3 Hackathon

Our original vision is for Harmony to empower 10 billion people. But the only way to do that is if we expand beyond the native crypto communities and applications. To that end, Harmony will be sponsoring a $1,000,000 hackathon that we’ll share more about in July.

HashKey is co-sponsoring specific challenges with Harmony. We will share more details about the hackathon in July.

About Harmony

Build on ONE, run on all chains.

Harmony is your open platform for assets, collectibles, identity, governance. Be the ONE to bridge to all blockchains.

Harmony is an open and fast blockchain. Our mainnet runs Ethereum applications with 2-second transaction finality and 100 times lower fees. Harmony’s secure bridges offer cross-chain asset transfers with Ethereum, Binance and other chains. https://www.harmony.one/

About HashKey

HashKey is a Hong Kong based, professional and fully compliant fund with focuses from applications, Dapps, protocol to underlying technologies and manages a diverse and selective portfolio of forward-looking companies with great potential to drive true innovation in the blockchain, fintech, IoT and other industries.

Dan Edelstein

SOURCE: Harmony

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