LI.FI Protocol, a decentralized cross-chain liquidity protocol, has closed a $29 million Series A extension funding round. The investment was jointly led by venture capital firms Multicoin Capital and CoinFund, bringing the company's total capital raised to $51.7 million.
The protocol, which provides developers with tools to integrate swaps and cross-chain bridges into applications, has demonstrated explosive growth. It has surpassed $60 billion in lifetime transaction volume, with monthly volume skyrocketing by 595% year-over-year, from $1.15 billion in October 2024 to $8 billion in October 2025.
LI.FI's CEO and Co-Founder, Philipp Zentner, stated the funding "showcases investor confidence in LI.FI's growth and vision" to make cross-chain composability "invisible and reliable" for the industry. The protocol now serves nearly 1,000 B2B partners, including major names like Binance, Robinhood, MetaMask, Phantom, and Circle.
The fresh capital will be directed toward operational expansion and new product development. Key initiatives include building specialized infrastructure for AI agents and stablecoins, and launching an open intent and solver marketplace in Q1 2026. This marketplace aims to broaden access to third-party liquidity and facilitate deeper integration with traditional finance.
Spencer Applebaum, Investment Partner at Multicoin Capital, highlighted LI.FI's role in simplifying multi-chain product development, stating it gives fintechs "a single API to offer both trading and cross-chain asset movement, handling on-chain routing and execution behind the scenes."
The funding follows a security incident in July 2024 where approximately 153 wallets using LI.FI were exploited for $12 million due to a smart contract update.
