PANews reported on January 7 that the SUI ecological project Wave officially announced that its seed round of financing completed in November 2024 was led by KuCoin Labs, and other investors included the SUI Foundation, Web3Port Foundation and Comma3 Ventures. The amount of financing was not disclosed.

The Wave team said that the project will enter a new phase and more innovations are coming. Wave currently has more than 4 million on-chain users and more than 600,000 monthly active users. Its products include Wave Trading, a Telegram-based trading tool, Wave Pad, an incubation platform that supports high-quality early projects in the SUI ecosystem, and DeFi and GameFi related products such as Wave Staking and Lucky Wheel, providing users with a one-stop experience of trading, airdrops, investments and games.