Swing.xyz

Based in San Francisco, US, and founded in 2020, Merkle Labs Ltd. , formerly known as Polkaswitch and d. ba. Swing.

xyz (Swing) is a decentralized multi-chain liquidity protocol. In March 2021, Swing. xyz raised USD 3 million in Seed funding co-led by new investors Arrington XRP Capital, and Ascensive Assets, with participation from Kane & Rao Group, Skynet Trading, and TRGC. Additionally, in January 2022, the company raised USD 6 million in venture funding led by new investor Republic Capital, with participation from other new investors Celer Network and Saint Bitts LLC.

Returning investors Kane & Rao Group and Morningstar Ventures also participated in the round. The venture funding valued Swing. xyz at USD 60 million post-money. The company is led by founder and CEO, Viveik Vivekananthan.

Swing offers a cross-chain liquidity and bridge protocol that helps traders, investors, and yield farmers move crypto capital efficiently across blockchains. The company's products include the Swing Platform which is a low code solution for Swing integrators to configure their integrations and monitor transaction metrics all in one user-friendly UI; Swing widget to seamlessly let customers bridge and swap between thousands of tokens across any chain, thus, intelligently route assets across cross-chain bridges, DEXes, and aggregators; Swing SDK; and Swap API. Moreover, Swing helps traders and yield farmers move crypto across a number of layer 1 (base layer) and layer 2 (companion network) blockchains, including Ethereum, Polygon, Avalanche, Binance Smart Chain, Arbitrum and Moonriver. The Swing token is a governance token standardized with ERC-20 and native to the Swing network and its decentralized autonomous organization (DAO) of traders, liquidity providers, and stakers.