Share this article
Arweave-Based Bundlr Raises $5.2M to Boost Decentralized Storage
Bundlr aims to scale Arweave by allowing for near-instant transaction finality.
By Sam Kessler
Updated May 11, 2023, 6:47 p.m. Published May 4, 2022, 3:02 p.m.
As more of the world moves onto blockchains, it is becoming increasingly important that users are able to store large amounts of data cheaply and quickly on-chain. One team working to make this vision a reality is Bundlr, which announced a $5.2 million funding round on Wednesday for its bid to help scale up blockchain storage solution Arweave.
Bundlr’s funding round was led by Framework Ventures, Hypersphere Ventures and Permanent Ventures, and it also saw participation from OpenSea and Race Capital.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Bundlr is building out a suite of tools to make it easier for users to upload and access files on Arweave, a blockchain-based storage network that aims to compete with cloud platforms like Amazon Web Services (AWS) and Google Cloud.
Read more: ArDrive Raises $17M to Make Arweave’s Data Storage Blockchain More Usable
Similar to Ethereum layer 2 solutions which expand the network by offloading activity onto a separate blockchain, Bundlr sits on top of Arweave and allows for near-instant transaction finality – meaning files are immediately searchable and accessible.
Uploading data onto Arweave comes with a time-delay between when data is uploaded and when it becomes accessible, but Bundlr aims to make blockchain storage “as fast as AWS,” founder Josh Benaron said with a nod to Amazon Web Services.
Uploading data on a decentralized blockchain may pose advantages for applications like archiving, where data permanence, security and provenance (verifying data’s origin) are important.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
알아야 할 것:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
