On January 30, Mevvy, an MEV execution platform, announced the completion of a $2.8 million seed round of financing, led by Multicoin Capital, with participation from Chapter One Ventures, Hypersphere, and several strategic angel investors. Investors include Ondo founder Nathan Allman, Pendle founder TN Lee, Ethena founder Guy Young, Axelar founder Georgios Vlachos, and Sei Network’s Jeffrey Feng and Jay Jog.

Mevvy is committed to simplifying the technical complexity in blockchain transaction sequencing and execution, making MEV (maximum extractable value) easier for traders to use. Its platform supports Ethereum, Sui and Sei, and provides an integrated development environment (IDE) with pre-loaded open source strategies, helping traders focus on strategy optimization such as arbitrage, back-running and liquidation without maintaining complex infrastructure.

Mevvy plans to use this round of financing for product development, chain expansion, and strategic cooperation with DeFi protocols. The company also announced a three-phase decentralization roadmap: the first phase will expand Solana and Ethereum L2 support and optimize the platform; the second phase will launch Mevvy Network, allowing profitable traders to pay for network access; the third phase will open source core components to promote fair competition in the MEV field.